where deregulation raises risks in banking. The central bank is assumed to maximize an objective function an argument of … which is the probability of bank failure. It is then shown that the usual trade-offs between policy objectives imply that …

account, a U-shaped relationship between competition and the risk of bank failure generally obtains. …

driving asset prices to ‘overshoot’ equilibrium when an asset bubble bursts - threatening widespread insolvency and what …

under limited liability should be characterized by higher than average insolvency and employment growth rates. We test these … characterized by higher growth and higher insolvency rates than comparable firms under full liability. Surprisingly, the likelihood … liquidation, while the propensity to insolvency is not affected by the owner’s age. The basic empirical results hold in pooled …

, especially, the financial cost of filing for bankruptcy. We study the effects of the reform on bankruptcy, insolvency, and …. We find that the decline in bankruptcy filings resulted in a rise in the rate and persistence of insolvency as well as an … that insolvency is associated with worse financial outcomes than bankruptcy, as insolvent individuals have less access to …

‘lemons’ problem is severe, it is optimal to establish a relationship with more than one bank in spite of higher transaction … concludes with a comparison of bank-firm relationships in Italy and the United States, characterized respectively by multiple …