Search Results - subject:"Creditor Protection"

Cordella, Tito - 2019

International financial institutions (IFIs) generally enjoy preferred creditors treatment (PCT). Although PCT rarely appears in legal contracts, when sovereigns restructure bilateral or commercial debts they normally pay IFIs in full. This paper presents a model where a creditor, such as an IFI,...

Persistent link: https://www.econbiz.de/10012865437

Book Review : House OF Debt. How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again by Atif Mian and Amir Sufi

Avetisyan, Sergey - 2019

Economic policy since the onset of the financial crisis has been a dismal failure. It's true that we have avoided a full replay of the Great Depression. My motivation for writing this review comes from Hess's Critical Book Review where he compares Geithner's Stress Test and Mian and Sufi's House...

Persistent link: https://www.econbiz.de/10012866122

How Do Laws and Institutions affect Recovery Rates on Collateral?

Degryse, Hans - 2019

We show that laws and institutions that strengthen creditor protection increase expected recovery rates on collateral … from secured loans in 16 countries. Stronger creditor protection increases expected recovery rates on movable collateral … is an important first-stage mechanism through which creditor protection can improve contracting efficiency and enhance …

Persistent link: https://www.econbiz.de/10012871395

"Allottees" as financial creditors : pushing the conceptual limits of the Indian insolvency regime

Mohan, M. P. Ram; Raj, Vishakha - 2019

Persistent link: https://www.econbiz.de/10012693867

Bankruptcy : Is it Enough to Forgive or Must We Also Forget?

Elul, Ronel - 2019

In many countries, lenders are not permitted to use information about past defaults after a specified period of time has elapsed. We model this provision and determine conditions under which it is optimal. We develop a model in which entrepreneurs must repeatedly seek external funds to finance a...

Persistent link: https://www.econbiz.de/10012706150

Regulatory arbitrage and cross-border syndicated loans

Demirgüç-Kunt, Asli; Horváth, Bálint L.; Huizinga, Harry - 2019

Persistent link: https://www.econbiz.de/10012106462

Debt Covenant Design and Creditor Control Rights : Evidence from the Tightest Covenant

Wang, Jing - 2019

Within the same debt contract, some financial covenants are considerably more restrictive than others. I exploit this heterogeneity in covenant design and show that the design of the most restrictive covenant is systematically associated with covenant outcomes - compliance, violations, or...

Persistent link: https://www.econbiz.de/10012866484

Regulatory arbitrage and cross-border syndicated loans

Demirgüç-Kunt, Asli; Horváth, Bálint L.; Huizinga, Harry - 2019

This paper investigates how international regulatory and institutional differences affect lending in the cross-border syndicated loan market. Lending provided through a foreign subsidiary is subject to subsidiary-country regulation and institutional arrangements. Multinational banks' choices...

Persistent link: https://www.econbiz.de/10012121221

Corporate groups : a German's European perspective

Tröger, Tobias - 2014

This paper contrasts the recent European initiatives on regulating corporate groups with alternative approaches to the phenomenon. In doing so it pays particular regard to the German codified law on corporate groups as the polar opposite to the piecemeal approach favored by E.U. legislation. It...

Persistent link: https://www.econbiz.de/10010406185

Democracy and dividend policy around the world

Nguyen Thi Tuyet Mai; Quoc Trung Tran - In: The North American journal of economics and finance : a … 62 (2022), pp. 1-19

Persistent link: https://www.econbiz.de/10013534039