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Second liens and the holdup problem in mortgage renegotiation

Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2014

When borrowers are delinquent, senior debtholders prefer liquidation whereas junior debtholders prefer to maintain their option value by delaying resolution or modifying the loan. In the mortgage market, a conflict of interest (“holdup”) arises when servicers of securitized senior liens are...

Persistent link: https://www.econbiz.de/10010353293

Decentralized Lending : Empirical Analysis of Interest and Liquidation Mechanisms

Schaible, Matthias - 2022

This book deals with the concept of Decentralized Lending on the Blockchain. In order to familiarize with the topic, the basic principles of the underlying technology, such as blockchain, smart contracts or the general architecture of Decentralized Finance, are highlighted. More specific points...

Persistent link: https://www.econbiz.de/10013349762

Incentives for Collaboration and Competition : Experimental Evidence on Innovation, Behavior and Performance

Heite, Jonas - 2020 - 1st ed. 2020.

Subsidized R&D collaboration: The effect of innovation vouchers on innovation activity and performance -- Choking under pressure: The effect of asymmetric contests on effort, stress and performance -- Performance in contests: The role of risk and confidence.

Persistent link: https://www.econbiz.de/10012399250

Gesundheitsökonomische Bewertung von Präventionsmaßnahmen : Eine Markov-Modellierung zur Analyse der Kosten-Effektivität juveniler Bewegungsförderung

Liersch, Sebastian - 2016

Wirtschaftlichkeitsuntersuchungen und gesundheitsökonomische Evaluation -- Methodik der Entscheidungsanalyse -- Entwicklung eines Markov-Modells -- Ergebnisse der Basisfallbetrachtung, Sensitivitäts- und Szenarioanalysen des Fallbeispiels.

Persistent link: https://www.econbiz.de/10013414512

Hjalmar Schacht : Präsident der Reichsbank zwischen zwei Weltkriegen

Hek, Arie van der - 2020

-1939) -- Schachts Kommentare zur Geldpolitik der Nachkriegszeit -- Nachwort. - Anhang 1 - Statistisches Material -- Anhang 2 …

Persistent link: https://www.econbiz.de/10012402873

The rise and fall of demand for securitizations

Chernenko, Sergey; Hanson, Samuel G.; Sunderam, Adi - 2014

government-guaranteed MBS to meet their liquidity needs during the crisis …

Persistent link: https://www.econbiz.de/10010532196

Is there a US high cash holdings puzzle after the financial crisis?

Pinkowitz, Lee; Stulz, René M.; Williamson, Rohan - 2013

Defining normal cash holdings as the holdings a firm with the same characteristics would have had in the late 1990s, we find that the average abnormal cash holdings of U.S. firms after the financial crisis amount to 10% of cash holdings, which represents an 87% increase in abnormal cash holdings...

Persistent link: https://www.econbiz.de/10009782423

Corporate liquidity management : a conceptual framework and survey

Almeida, Heitor; Campello, Murillo; Cunha, Igor; … - 2013

Ensuring that a firm has sufficient liquidity to finance valuable projects that occur in the future is at the heart of … substantial literature on the ways in which firms manage liquidity has developed only recently. We argue that many of the key … issues in liquidity management can be understood through the lens of a framework in which firms face financial constraints …

Persistent link: https://www.econbiz.de/10010227725