Using data from five waves of the Vietnam Household Living Standard Survey, we find evidence of significant urban …

This paper investigates how start-up firms in Vietnam operate in the face of two significant market frictions: a poorly …

Trading relations in Vietnam's emerging private sector are shaped by two market frictions: the difficulty of locating …

Using the first two waves of the Vietnam Living Standards Survey, we investigate how a father’s temporary absence …

The paper analyses the empirical relationship between bank risk and sovereign credit risk in the euro area. Using … risk and bank risk, with the former being overall more important in explaining bank risk, than vice versa. The paper … bailout policies have reduced solvency risk in the banking sector, but partly at the expense of raising the credit risk of …

entrepreneurs' initial wealth is scarce. The endogenous link between leverage and default risk comes from the lower incentives of … leverage across all firms. These results help rationalize some of the empirical evidence regarding the so-called risk …

have important risk management implications. The results are based on a unique representative dataset of US small …

, borrowers take on less risk exposure than non-borrowers. A larger risk exposure by borrowers may occur as well, however …, borrowers' default policies render binary options useful instruments for lenders in hedging the credit-risk component of their … and volatility in contrast to the exogenously assumed constant mean and volatility in many credit risk models. We consider …