Creditor recovery: the macroeconomic dependence of industry equilibrium

This paper reconciles industry conditions with the state of the economy in driving asset liquidation values and, therefore, recovery rates on defaulted debt securities. Macroeconomic effects matter but they operate differentially at the industry level.

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Year of publication:	2013
Authors:	Mora, Nada
Institutions:	Federal Reserve Bank of Kansas City
Subject:	Credit \| Risk \| Business cycles

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Extent:	application/pdf
Series:	Research Working Paper.
Type of publication:	Book / Working Paper
Notes:	Number RWP 13-06
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010681637