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Theoretical determinants of the bankruptcy of the entrepreneur and the efficiency of the allowance of the legal risk : A review of literature

Tarbalouti, Essaid - Volkswirtschaftliche Fakultät, … - 2010

In this article, we develop the various theories which explain the determinants of the bankruptcy of the entrepreneur …, the bad luck and the capacity to evaluate the risk of bankruptcy of the entrepreneur. We wonder on the economic bases of …

Persistent link: https://www.econbiz.de/10011108784

A two-year revision: cross comparison and modeling of Goldman Sachs, Morgan Stanley, JPMorgan Chase, Bank of America, and Franklin Resources

Kitov, Ivan - Volkswirtschaftliche Fakultät, … - 2014

Approximately two years ago we presented results of price modeling and extensive statistical analysis for share prices of five banks: Bank of America (BAC), Franklin Resources (BEN), Goldman Sachs (GS), JPMorgan Chase (JPM), and Morgan Stanley (MS). Using monthly closing prices (adjusted for...

Persistent link: https://www.econbiz.de/10011110482

Bankruptcy prediction models: How to choose the most relevant variables?

du Jardin, Philippe - Volkswirtschaftliche Fakultät, … - 2009

This paper is a critical review of the variable selection methods used to build empirical bankruptcy prediction models … thus the accuracy of the predictions. We first analyze those variables that are considered the best bankruptcy predictors …

Persistent link: https://www.econbiz.de/10011110970

Défaut de paiement,Achat de consentement et efficience économique

Tarbalouti, Mr - Volkswirtschaftliche Fakultät, … - 2010

The theoretical literature on the modes of the default and its implications on the rate of the default distinguishes two rules: the rule of the discharge allowing to exempt the debtor in case of failure and the rule of obligation of repayment of the debts by the debtor. Several theoretical...

Persistent link: https://www.econbiz.de/10011111494

Health insurance reform and bankruptcy

Kuklik, Michal - Volkswirtschaftliche Fakultät, … - 2010

Abstract Medical bankruptcy was at the heart of the health care reform debate. According to Himmelstein et al. (2009 … bankruptcy rate. We find that (i) the reform fails to address the bankruptcy problem as it cuts the bankruptcy rate by only 0 ….06 percentage point to 0.94 percent and the medical bankruptcy rate by 0.07 percentage point to 0.70 percent; (ii) the reform …

Persistent link: https://www.econbiz.de/10011112090

A Theory of Bank Illiquidity and Default with Hidden Trades

Panetti, Ettore - Volkswirtschaftliche Fakultät, … - 2011

shocks either in the interbank market or by using a costly bankruptcy procedure, and depositors trade in the asset market …

Persistent link: https://www.econbiz.de/10011112128

Procurement Auctions with Renegotiation and Wealth Constraints

Chang, Wei-Shiun; Salmon, Timothy C.; Saral, Krista Jabs - Volkswirtschaftliche Fakultät, … - 2013

Renegotiation is a common practice in procurement auctions which allows for post-auction price adjustments and is nominally intended to deal with the problem that sellers might underestimate the eventual costs of a project during the auction. Using a combination of theory and experiments, we...

Persistent link: https://www.econbiz.de/10011113750

Cross comparison and modelling of Goldman Sachs, Morgan Stanley, JPMorgan Chase, Bank of America, and Franklin Resources

Kitov, Ivan - Volkswirtschaftliche Fakultät, … - 2012

We have studied statistical characteristics of five share price time series. For each stock price, we estimated a best fit quantitative model for the monthly closing price as based on the decomposition into two defining consumer price indices selected from a large set of CPIs. It was found that...

Persistent link: https://www.econbiz.de/10011113939

Bank Funding Structures and Risk; Evidence From the Global Financial Crisis

Federico, Pablo; Vázquez, Francisco F. - International Monetary Fund (IMF) - 2012

This paper analyzes the evolution of bank funding structures in the run up to the global financial crisis and studies the implications for financial stability, exploiting a bank-level dataset that covers about 11,000 banks in the U.S. and Europe during 2001?09. The results show that banks with...

Persistent link: https://www.econbiz.de/10009650626

Mortgage Defaults

Martinez, Leonardo; Hatchondo, Juan Carlos; Sanchez, Juan M. - International Monetary Fund (IMF) - 2012

This paper incorporates house price risk and mortgages into a standard incomplete market (SIM) model. The model is calibrated to match U.S. data and accounts for non-targeted features of the data such as the distribution of down payments, the life-cycle profile of home ownership, and the...

Persistent link: https://www.econbiz.de/10009650640