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Legal Institutions, Credit Markets, and Economic Activity

Brown, James R.; Cookson, J. Anthony; Heimer, Rawley Z. - Federal Reserve Bank of Cleveland - 2014

-experimental variation in legal contract enforcement wherein the US Congress externally assigned state courts to adjudicate contracts on a … subset of reservations. According to area-specific data on small business credit, reservations assigned to state courts …, which enforce contracts more predictably than tribal courts, have stronger credit markets. Moreover, the law …

Persistent link: https://www.econbiz.de/10011114916

Financial system structure and economic development : structure matters

Ergungor, O. Emre (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002542628

Market- vs. bank-based financial systems : do investor rights really matter?

Ergungor, Ozgur Emre (contributor) - 2001 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001566293

What accounts for the decline in crime?

İmrohoroğlu, Ayşe (contributor); … - 2000 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001536994

A note on absolute priority rule violations, credit rationing, and efficiency

Longhofer, Stanley D. - Federal Reserve Bank of Cleveland - 1995

An argument that APR violations exacerbate credit rationing problems by reducing the payment lenders receive in default states.

Persistent link: https://www.econbiz.de/10005729064

Nearsighted justice

Bernhardt, Dan; Nosal, Ed - Federal Reserve Bank of Cleveland - 2003

Chapter 11 structures complex negotiations between creditors and debtors that are overseen by a bankruptcy court. This …

Persistent link: https://www.econbiz.de/10005729076

Bankruptcy in the life-cycle consumption model

Kowalewski, K.J. - Federal Reserve Bank of Cleveland - 1988

incorporates the possibility of bankruptcy. …

Persistent link: https://www.econbiz.de/10005729082

Absolute priority rule violations, credit rationing, and efficiency

Longhofer, Stanley D. - Federal Reserve Bank of Cleveland - 1997

A demonstration that violations of the absolute priority rule exacerbate credit rationing problems by reducing the payment lenders receive in default states.

Persistent link: https://www.econbiz.de/10005526659

Bankruptcy rules and debt contracting: on the relative efficiency of absolute priority, proportionate priority, and first-come, first-served rules

Longhofer, Stanley D. - Federal Reserve Bank of Cleveland - 1994

An analysis showing that allowing creditors to "run" on a firm in financial distress is socially valuable, since it compensates them for monitoring the firm's condition; in contrast, strict adherence to absolute and proportionate priority rules allows lenders to free ride on the monitoring...

Persistent link: https://www.econbiz.de/10005428231

The role of warrants in corporate reorganizations

Longhofer, Stanley D. - Federal Reserve Bank of Cleveland - 1995

bankruptcy proceedings with stock in the reorganized company, while others receive warrants. By proposing a reorganization plan …

Persistent link: https://www.econbiz.de/10005428266