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The Macroeconomics of U.S. Consumer Bankruptcy Choice : Chapter 7 or Chapter 13?
Li, Wenli - 2012
Because of the recent surge in U.S. personal defaults, Congress is currently debating bankruptcy reform legislation requiring a means test for Chapter 7 filers. This paper explores the effects of such a reform in a model where, in contrast to previous work, bankruptcy options and production are...
Persistent link: https://www.econbiz.de/10013097246
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Furnishing an 'Elastic Currency' : The Founding of the Fed and the Liquidity of the U.S. Banking System
Carlson, Mark A. - 2019
liquidity and operate the payments system. Reform advocates noted that banking panics tended to occur at times of the year when … national banks were much less dependent on correspondent banks for seasonal liquidity and that peaks in lending by individual … Reserve Banks aligned with the liquidity needs of banks in their districts. Further, the article shows that after the Fedâ …
Persistent link: https://www.econbiz.de/10012900197
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Monetary policy in deflation : the liquidity trap in history and practice
Orphanides, Athanasios - 2004
Persistent link: https://www.econbiz.de/10001904094
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The anatomy of US personal bankruptcy under Chapter 13
Eraslan, Hülya (contributor); Li, Wenli (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003727443
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Did bankruptcy reform cause mortgage default rates to rise?
Li, Wenli; White, Michelle J.; Zhu, Ning N. - 2010
Persistent link: https://www.econbiz.de/10003969753
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The anatomy of US personal bankruptcy under Chapter 13
Eraslan, Hülya; Li, Wenli; Sarte, Pierre-Daniel - 2007
Persistent link: https://www.econbiz.de/10003587297
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The anatomy of US personal bankruptcy under Chapter 13
Eraslan, Hülya - 2007
"By compiling a novel dataset from bankruptcy court dockets recorded in Delaware between 2001 and 2002, we build and estimate a structural model of Chapter 13 bankruptcy. This allows us to quantify how key debtor characteristics, including whether they are experiencing bankruptcy for the first...
Persistent link: https://www.econbiz.de/10003550122
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An anatomy of U.S. personal bankruptcy under Chapter 13
Eraslan, Hülya; Koşar, Gizem; Li, Wenli; Sarte, … - 2016
We build a structural model of Chapter 13 bankruptcy that captures salient features of personal bankruptcy under Chapter 13. We estimate our model using a novel data set that we construct from bankruptcy court dockets recorded in Delaware in 2001 and 2002. Our estimation results highlight the...
Persistent link: https://www.econbiz.de/10011419852
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Using bankruptcy to reduce foreclosures : does strip-down of mortgages affect the supply of mortgage credit?
Li, Wenli; Ishani, Tewari; White, Michelle J. - 2014 - Current version: February 2014
We assess the credit market impact of allowing mortgage "strip-down" as a foreclosure-prevention measure, where strip-down reduces the principal of underwater residential mortgages to the current market value of the property for homeowners in Chapter 13 bankruptcy. Our identification is provided...
Persistent link: https://www.econbiz.de/10010337629
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Did the founding of the Federal Reserve affect the vulnerability of the interbank system to systemic risk?
Carlson, Mark; Wheelock, David C. - 2016 - Draft: July 18, 2016
Persistent link: https://www.econbiz.de/10011539785