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Identifying empty creditors with a shock and micro-data
Degryse, Hans; Gündüz, Yalın; O'Flynn, Kuchulain; … - 2021
the bankruptcy code in Germany that effectively removes their potential impact on CDS firms. Using a unique dataset on …
Persistent link: https://www.econbiz.de/10012697959
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Dynamic screening with verifiable bankruptcy
Krähmer, Daniel; Strausz, Roland - 2022
bankruptcy as a verifiable event that occurs whenever the agent makes a per period loss. This leads to less stringent truth …
Persistent link: https://www.econbiz.de/10014476119
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The optimal mix of business entities : the value of partial limited liability
Kraizberg, Elli - 1989
Persistent link: https://www.econbiz.de/10000769114
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Optimal debt exchange offers
Mella-Barral, Pierre - 1995
Persistent link: https://www.econbiz.de/10000917947
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Debt valuation and marketability risk
Tychon, Pierre; Vannetelbosch, Vincent J. - 1997
Persistent link: https://www.econbiz.de/10000971340
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Collateral value and forbearance lending
Chen, Nan-kuang (contributor); Chu, Hsiao-lei (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001925490
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US real interest rates and default risk in emerging economies
Foley-Fisher, Nathan; Guimarães, Bernardo - 2009
We empirically analyse the appropriateness of indexing emerging market sovereign debt to US real interest rates. We find that policy-induced exogenous increases in US rates raise default risk in emerging market economies, as hypothesised in the theoretical literature. However, we also find...
Persistent link: https://www.econbiz.de/10003894416
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Personal bankcuptcy law, wealth and entrepreneurship : theory and evidence from the introduction of a "fresh start"
Fossen, Frank M. - 2011
A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in … entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy … forgiving personal bankruptcy law are less relevant for wealthy potential entrepreneurs who still risk losing their wealth, but …
Persistent link: https://www.econbiz.de/10009008042
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Catharsis - the real effects of bank insolvency and resolution
Korte, Josef - 2013
In general, banks play a growth-enhancing role for the real economy. However, distorted incentives for banks, depositors, and regulators in connection with bank insolvency may corrupt banks' credit allocation and monitoring decisions, leading to suboptimal real economic outcomes. A rules-based...
Persistent link: https://www.econbiz.de/10009751064
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Do correlated defaults matter for CDS premia? : an empirical analysis
Koziol, Christian; Koziol, Philipp; Schön, Thomas - 2014
Correlated defaults and systemic risk are clearly priced in credit portfolio securities such as CDOs or index CDSs. In this paper we study an extensive CDX data set for evidence whether correlated defaults are also present in the underlying CDS market. We develop a cash flow based top-down...
Persistent link: https://www.econbiz.de/10010405475