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From turmoil to crisis: dislocations in the FX swap market before and after the failure of Lehman Brothers

Baba, Naohiko; Packer, Frank - Bank für Internationalen Zahlungsausgleich <Basel> - 2009

This paper investigates dislocations in the foreign exchange (FX) swap market between the US dollar and three major European currencies. After the failure of Lehman Brothers in September 2008, deviations from covered interest parity (CIP) were negatively associated with the creditworthiness of...

Persistent link: https://www.econbiz.de/10009138481

Death or Survival. Post Communist Bankruptcy Law in Action. A Survey

Schönfelder, Bruno - Technische Universität <Freiberg> - 2003

The paper discusses some major lessons to be learnt from the application of bankruptcy law in a post …-communist environment. Its focus is on East Central Europe because elsewhere bankruptcy law is of rather limited practical relevance. The … incentives and the selection of trustees turn out to be key issues if the loss of value typically occuring during bankruptcy …

Persistent link: https://www.econbiz.de/10005864352

Defaults and Returns on High Yield Bonds: The Year 2002 in Review and the Market Outlook

Altman, Edward I.; Bana, Gaurav - Salomon Center for the Study of Financial Institutions … - 2003

The year 2002 was remarkably difficult on many fronts for most financial markets. For the high yield bond market, it was again a year of record amounts of defaults which contributed to low recovery rates and slightly negative absolute returns. (...)

Persistent link: https://www.econbiz.de/10005846815

Corporate distress prediction models in a turbulent economic and BASEL II environment

Altman, Edward I. - 2002

This paper discusses two of the primary motivating influences on the recent development/revisions of credit scoring models, - the important implications of Basel IIs proposed capital requirements on credit assets and the enormous amounts and rates of defaults and bankruptcies in the United...

Persistent link: https://www.econbiz.de/10005846821

The limited liability effect in experimental duopoly markets

Oechssler, Jörg; Schuhmacher, Frank - RWTH <Aachen> / Lehrstuhl für … - 2003

This article tests the modell of Brander and lewis under ertrand and Cournot competition.

Persistent link: https://www.econbiz.de/10005840866