the bankruptcy code in Germany, that effectively removes their potential impact on CDS firms. Using a unique dataset on …

access to unsecured credit (because of bankruptcy costs) and aggregate shocks, we show that the cyclical behavior of … credit match the sizes of credit and bankruptcy volatilities. We also find that when the right to file for bankruptcy does …

clearing house (bank) which monitors agents and enforces contracts. Our model develops a concept of bankruptcy equilibrium that … a version of the Capital Asset Pricing Model with bankruptcy. In this case we can characterize equilibrium prices and …

likelihood of future bankruptcy. …

Regression in predicting the bankruptcy of firms and that the same predictive power of ascertaining bankruptcy improves when a … had caused ambiguity. A significant factor that has increased the probability of bankruptcy in recent times has been the … Regression in predicting the bankruptcy of firms and that the same predictive power of ascertaining bankruptcy improves when a …

the bankruptcy code in Germany that effectively removes their potential impact on CDS firms. Using a unique dataset on …