Takeda, Fumiko; Takeda, Koichi - In: Global Business and Economics Review 7 (2005) 2/3, pp. 234-246
This paper investigates the conditions under which a large creditor offers refinancing to a debtor firm and examines how that refinancing affects the decisions of the debtor firm and other creditors. We develop a model of a coordination game in which the actions of multiple creditors and the...
