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Personal bankcuptcy law, wealth and entrepreneurship : theory and evidence from the introduction of a "fresh start"

Fossen, Frank M. - 2011

entrepreneurship. -- Personal bankruptcy law ; insolvency ; entrepreneurship ; fresh start …

Persistent link: https://www.econbiz.de/10009008042

Gündüz, Yalın - 2018

This paper provides initial evidence on counterparty risk-mitigation activities of financial institutions on the basis of Depository Trust and Clearing Corporation's (DTCC) proprietary bilateral credit default swap transactions and positions. We show that financial institutions that are active...

Persistent link: https://www.econbiz.de/10011900709

The fiscal footprint of macroprudential policy

Reis, Ricardo - 2020

characterizes the size and sign of its fiscal footprint, as well as the states of the world in which the temptation for fiscal goals …

Persistent link: https://www.econbiz.de/10012222608

What predicts financial (in)stability? : a Bayesian approach

Eidenberger, Judith; Neudorfer, Benjamin; Sigmund, Michael - 2014

This paper contributes to the literature on early warning indicators by applying a Bayesian model averaging approach. Our analysis, based on Austrian data, is carried out in two steps: First, we construct a quarterly financial stress index (AFSI) quantifying the level of stress in the Austrian...

Persistent link: https://www.econbiz.de/10010458174

The distribution of debt across euro area countries : the role of individual characteristics, institutions and credit conditions

Bover, Olympia; Casado, Jose Maria; Costa, Sónia; Du … - 2014

The aim of this paper is twofold. First, we present an up-to-date assessment of the differences across euro area countries in the distributions of various measures of debt conditional on household characteristics. We consider three different outcomes: the probability of holding debt, the amount...

Persistent link: https://www.econbiz.de/10010249770

Taming overconfident CEOs through stricter financial regulation

Kassner, Bernhard - 2023

paper shows that financial regulation can be effective at mitigating this type of risk. Exploiting regulatory changes … financial institutions subject to stricter regulation. Following the easing of these regulations, overconfidence-induced risk …-taking increases again. These findings confirm the effectiveness of financial regulation at correcting overconfident behavior, but also …

Persistent link: https://www.econbiz.de/10014477386

The real effects of bank distress : evidence from bank bailouts in Germany

Bersch, Johannes; Degryse, Hans; Kick, Thomas; Stein, Ingrid - 2019

How does bank distress impact their customers' probability of default and trade credit availability? We address this question by looking at a unique sample of German firms from 2000 to 2011. We follow their firm-bank relationships through times of distress and crisis, featuring the different...

Persistent link: https://www.econbiz.de/10012108717

How central is central counterparty clearing? : a deep dive into a European repo market during the crisis

Ebner, André; Fecht, Falko; Schulz, Alexander - 2016

Repo markets offering central counterparty (CCP) clearing and anonymized trading were remarkably resilient during the recent crises. We use the full transaction level dataset on all repo trades on Eurex Repo, including identifiers for market participants, to provide a detailed description of the...

Persistent link: https://www.econbiz.de/10011483061

System-wide and banks' internal stress tests : regulatory requirements and literature review

Pliszka, Kamil - 2021

This paper deals with both system-wide and banks' internal stress tests. For system-wide stress tests it describes the evolution over time, compares the stress test design in major jurisdictions, and discusses academic research. System-wide stress tests have gained in importance and nowadays...

Persistent link: https://www.econbiz.de/10012534563

Trustworthiness of firm valuations : bias and market perception in compliance with capital market regulations

El-Al, Eli; Galil, Koresh; Gavious, Ilanit - 2023

Persistent link: https://www.econbiz.de/10014486176