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Credit risk and credit access in Asia

2006

Persistent link: https://www.econbiz.de/10003300410

Insolvency systems in Asia : an efficiency perspective

2001

Persistent link: https://www.econbiz.de/10001564646

The Japanese Banking Crisis : Where Did It Come From and How Will It End?

Hoshi, Takeo - 1999

We argue that the deregulation leading up to the Big Bang has played a major role in the current banking problems. This deregulation allowed large corporations to quickly switch from depending on banks to relying on capital market financing. We present evidence showing that large Japanese...

Persistent link: https://www.econbiz.de/10012471540

The Effect of Principal Reduction on Household Distress : Evidence from Mortgage Cramdown

Cespedes, Jacelly C.; Parra, Carlos R.; Sialm, Clemens - National Bureau of Economic Research - 2021

Mortgage cramdown enabled bankruptcy judges to discharge the underwater portion of a mortgage during Chapter 13 … bankruptcy before the Supreme Court disallowed this practice in 1993. We exploit the random assignment of cases to judges to … quantify the ex-post effects of Chapter 13 bankruptcy over the period from 1989 to 1993. We find that a successful Chapter 13 …

Persistent link: https://www.econbiz.de/10012585384

Economic Consequences of Hospital Closures

Alexander, Diane E.; Richards, Michael R. - National Bureau of Economic Research - 2021

Hospitals anchor much of US health care and receive a third of all medical spending, including various subsidies. Nevertheless, some become insolvent and exit the market. Research has documented subsequent access problems; however, less is understood about broader implications. We examine over...

Persistent link: https://www.econbiz.de/10012599400

Zombie Lending : Theoretical, International and Historical Perspectives

Acharya, Viral V.; Crosignani, Matteo; Eisert, Tim; … - National Bureau of Economic Research - 2022

This paper surveys the theory on zombie lending incentives and the consequences of zombie lending for the real economy. It also offers a historical perspective by reviewing the growing empirical evidence on zombie lending along three dimensions: (i) the role of under-capitalized banks, (ii)...

Persistent link: https://www.econbiz.de/10013190998

COVID-19 and SME Failures

Gourinchas, Pierre-Olivier - 2020

We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...

Persistent link: https://www.econbiz.de/10012481180

Are Consumers Affected by Durable Goods Makers' Financial Distress? The Case of Auto Manufacturers

Hortaçsu, Ali - 2010

maintenance). Manufacturer bankruptcy, or even the possibility thereof, threatens this service provision and can substantially …

Persistent link: https://www.econbiz.de/10012462460

The Degree of Judicial Enforcement and Credit Markets : Evidence from Japanese Household Panel Data

Horioka, Charles Yuji - 2010

being credit rationed, loan size, and the probability of bankruptcy using household-level data from the Japanese Panel … bankruptcy, a result that is consistent with lax screening effects …

Persistent link: https://www.econbiz.de/10012463019

Adjusting to Trade Policy : Evidence from U.S. Antidumping Duties on Vietnamese Catfish

Brambilla, Irene - 2008

In 2003, after claims of dumping, the U.S. imposed heavy tariffs on imports of catfish from Vietnam. As a result, Vietnamese exports of catfish to the U.S. market sharply declined. Using a panel data of Vietnamese households, we explore the responses of catfish producers in the Mekong delta...

Persistent link: https://www.econbiz.de/10012464152