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Republic of Lithuania: Technical Assistance Report on Proposals for Reforming the Insolvency Regime
International Monetary Fund (IMF); International … - 2011
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10010878424
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United States; Selected Issues
International Monetary Fund (IMF); International … - 2012
This Selected Issues paper for the United States discusses the microeconomics of the country—household wealth and savings. Households’ consumption-saving decisions have an important bearing on the U.S. economic outlook. This paper demonstrates how households with consistently lower...
Persistent link: https://www.econbiz.de/10011244682
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Republic of Lithuania; Financial Sector Assessment Program Update-Technical Note-Insolvency and Creditor Rights Assessment
International Monetary Fund (IMF); International … - 2008
area of corporate insolvency, the Enterprise Bankruptcy Law and the Law on Restructuring of Enterprises are generally …
Persistent link: https://www.econbiz.de/10011245697
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Tackling Small and Medium Enterprise Problem Loans in Europe
Bergthaler, Wolfgang; Kang, Kenneth; Liu, Yan; … - International Monetary Fund (IMF) - 2015
The global financial crisis has left a large private sector debt overhang and high levels of non- performing loans (NPLs) in several European countries. Small and medium-size enterprises (SMEs) represent a significant and weak segment of the nonfinancial corporate sector. SMEs face a number of...
Persistent link: https://www.econbiz.de/10011245900
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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
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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
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Balance-Sheet Shocks and Recapitalizations
Sandri, Damiano; Valencia, Fabian - International Monetary Fund (IMF) - 2012
We develop a dynamic stochastic general equilibrium model with financial frictions on both financial intermediaries and goods-producing firms. In this context, due to high leverage of financial intermediaries, balance sheet disruptions in the financial sector are particularly detrimental for...
Persistent link: https://www.econbiz.de/10009654148
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Loan guarantees for consumer credit markets
Athreya, Kartik B.; Tam, Xuan S.; Young, Eric R. - Federal Reserve Bank of Richmond - 2011
Loan guarantees are arguably the most widely used policy intervention in credit markets, especially for consumers. This may be natural, as they have several features that, a priori, suggest that they might be particularly effective in improving allocations. However, despite this, little is...
Persistent link: https://www.econbiz.de/10009320869
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The anatomy of U.S. personal bankruptcy under Chapter 13
Eraslan, Hülya; Li, Wenli; Sarte, Pierre-Daniel G. - Federal Reserve Bank of Richmond - 2007
By compiling a novel dataset from bankruptcy court dockets recorded in Delaware between 2001 and 2002, we build and … estimate a structural model of Chapter 13 bankruptcy. This allows us to quantify how key debtor characteristics, including … whether they are experiencing bankruptcy for the first time, their past due secured debt at the time of filing, and income in …
Persistent link: https://www.econbiz.de/10004993867
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Fresh start or head start? Uniform bankruptcy exemptions and welfare
Athreya, Kartik - Federal Reserve Bank of Richmond - 2004
The 1990's witnessed a historically unprecedented number of personal bankruptcy filings. In response, congressional … debate over bankruptcy law has recently led to several proposals aimed at making it more difficult to exempt wealth in … bankruptcy. In this paper, I evaluate uniform exemption policy primarily within the context of the recent congressional proposal …
Persistent link: https://www.econbiz.de/10004993884