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Using elasticities to derive optimal bankruptcy exemptions

Dávila, Eduardo - 2016

This paper studies the optimal determination of bankruptcy exemptions for risk averse borrowers who use unsecured … sufficient to determine whether a bankruptcy exemption level is optimal, or should be increased or decreased. These variables are …' leverage, the borrowers' bankruptcy probability, and the change in bankrupt borrowers' consumption. An application of the …

Persistent link: https://www.econbiz.de/10011975293

A study of inefficient going concerns in bankruptcy

Franks, Julian R. (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003410853

Corporate failure, supply shocks and government bailouts : a case study of Aloha Airlines

Kawaura, Akihiko - 2011

Persistent link: https://www.econbiz.de/10009377505

The democratization of credit and the rise in consumer bankruptcies

Livshits, Igor; MacGee, James; Tertilt, Michele - 2014

Financial innovations are a common explanation for the rise in credit card debt and bankruptcies. To evaluate this story, we develop a simple model that incorporates two key frictions: asymmetric information about borrowers' risk of default and a fixed cost of developing each contract lenders...

Persistent link: https://www.econbiz.de/10011490464

A study of inefficient going concerns in bankruptcy

Franks, Julian R. (contributor); … - 2006

Persistent link: https://www.econbiz.de/10003367846

The impact of credit rating announcements on corporates' credit default swap spreads : are there intra-industry effects observable?

Burghof, Hans-Peter; Schneider, Johannes; Wengner, Andreas - 2012

This study examines the impact of credit rating announcements from the three leading credit rating agencies (Moody's, S&P, Fitch)on the Credit Default Swap Spreads of corporates and their spillover effects within industries. We find, that both downgrades and upgrades have an impact on the CDS...

Persistent link: https://www.econbiz.de/10012822376

Resolving mortgage distress after COVID-19 : some lessons from the last crisis

McCann, Fergal; O'Malley, Terry - 2021

We analyse micro data on Irish mortgages and distressed households' balance sheets in the last decade to assess the debt resolution process in the Irish mortgage market in the lead up to the COVID-19 shock. We highlight the widespread engagement of Irish borrowers with debt resolution mechanisms...

Persistent link: https://www.econbiz.de/10012550326

Macroeconomic implications of insolvency regimes

Hemingway, Benjamin - 2020

Persistent link: https://www.econbiz.de/10012250828

The cyclicality in SICR : mortgage modelling under IFRS 9

Gaffney, Edward; McCann, Fergal - 2019

Banks mustmake forward-looking provisions for loan losses undernewinternational accounting standards introduced in 2018. In Europe, banks will assign performing exposures to a new "Stage 2" category with a higher provisioning penalty, if they have experienced significant increase in credit risk...

Persistent link: https://www.econbiz.de/10012000144

Financial ratios and the prediction of bankruptcy

Abbasov, Jeyhun A. - 2017

Persistent link: https://www.econbiz.de/10012022948