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On the informed principal model with common values
Dosis, Anastasios - In: The Rand journal of economics 53 (2022) 4, pp. 792-825
Persistent link: https://www.econbiz.de/10013464991
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The lemon market of insolvency proceedings in Spain in the new normal : information, asymmetry, and adverse selection problems
Olabarrieta, Unai; San-Jose, Leire; Araujo, Andrés - In: Cogent business & management 10 (2023) 3, pp. 1-16
Insolvency proceedings are strategic for the competitiveness of a national economy. The new law, but also new financial … situation of organizations affect the new normal of insolvency framework. In Europe, standards aimed at creating an efficient … framework for corporate insolvency resolution are constantly changing to enhance the efficiency of such mechanisms. This pursuit …
Persistent link: https://www.econbiz.de/10014505998
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Mechanism design with interdependent valuation : surplus extraction
Mezzetti, Claudio (contributor) - 2005
Persistent link: https://www.econbiz.de/10002588080
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Contagious mortgage default
Børsum, Øystein - 2010
This paper analyses the default option typical to American mortgages. Households borrow to buy durable housing, but future house prices are uncertain, and households find it dvantageous to default on their debt if house prices fall sufficiently. A key assumption of the model is that households...
Persistent link: https://www.econbiz.de/10003991972
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Group-Decisions, Economic Policy and the Resolution of Non-Performing Loans
Nwogugu, Michael C. I. - 2017
Non-performing Loans (NPLs) have international ramifications because many banks operate in several countries and NPL-resolution related laws enacted in their home countries affect their foreign operations. While the management of Non-performing Loans (NPLs) remains a major problem around the...
Persistent link: https://www.econbiz.de/10012953389
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Non-Performing Loans : Logit Model Applications
Orlando, Giuseppe - 2020
Within bank activities, which is normally defined as the joint exercise of savings collection and credit supply risk-taking is physiological, as for a lot of human activities. Among risks related to credit inter-mediation, credit risk assumes particular importance. It is most simply defined as...
Persistent link: https://www.econbiz.de/10012825265
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Forbearance vs foreclosure in a general equilibrium model
Barbaro, Bianca; Tirelli, Patrizio - 2021
We build a business cycle model characterized by endogenous firms dynamics, where banks may prefer debt renegotiation, i.e. non-performing exposures, to outright borrowers default. We find that debt renegotiations only do not have adverse effects in the event of financial crisis episodes, but a...
Persistent link: https://www.econbiz.de/10012488660
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Forbearance vs Foreclosure in a General Equilibrium Model
Barbaro, Bianca; Tirelli, Patrizio - 2023
We build a business cycle model characterized by endogenous firm dynamics, where banks may prefer debt renegotiation, i.e. non-performing exposures, to outright borrowers' default. Debt renegotiations per se do not have adverse effects in the event of financial crisis episodes, but a large share...
Persistent link: https://www.econbiz.de/10014355265
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Contracting sequentially with multiple lenders : the role of menus
Attar, Andrea; Casamatta, Catherine; Chassagnon, Arnold; … - 2017
Persistent link: https://www.econbiz.de/10012266261
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Folk theorem under bankruptcy
Beviá, Carmen; Corchón, Luis C.; Yasuda, Yosuke - In: Journal of mathematical economics 112 (2024), pp. 1-11
Persistent link: https://www.econbiz.de/10015071904