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Repeated dilution of diffusely held debt

Hege, Ulrich; Mella-Barral, Pierre - 2002

Persistent link: https://www.econbiz.de/10001674639

Corporate debt restructuring : evidence on lender coordination in financial distress

Brunner, Antje; Krahnen, Jan Pieter - 2001

Persistent link: https://www.econbiz.de/10001644453

Debt restructuring with multiple bank relationships

Baglioni, Angelo; Colombo, Luca; Rossi, Paola - 2018

Persistent link: https://www.econbiz.de/10011944440

Debt restructuring with multiple bank relationships

Baglioni, Angelo; Colombo, Luca; Rossi, Paola - 2019

When the debt of firms in distress is dispersed, a restructuring agreement is difficult to reach because of free riding. We develop a repeated game in which banks come across each other frequently, allowing them to threaten a punishment in case of free riding. As the number of lending banks...

Persistent link: https://www.econbiz.de/10011962128

Sovereign Debt Restructurings : Delays in Renegotiations and Risk Averse Creditors

Asonuma, Tamon - 2019

Foreign creditors' business cycles influence both the process and the outcome of sovereign debt restructurings. We …, and nd that when creditors experience high GDP growth, restructurings are delayed and settled with smaller haircuts. To …

Persistent link: https://www.econbiz.de/10012902446