Similar Search Results

Is there a Distress Risk Anomaly? Pricing of Systematic Default Risk in the Cross Section of Equity Returns

Anginer, Deniz; Yildizhan, Celim - Volkswirtschaftliche Fakultät, … - 2009

The standard measures of distress risk ignore the fact that firm defaults are correlated and that some defaults are more likely to occur in bad times. We use risk premium computed from corporate credit spreads to measure a firm’s exposure to systematic variation in default risk. Unlike...

Persistent link: https://www.econbiz.de/10011259646

Do casinos export bankruptcy?

Garrett, Thomas A.; Nichols, Mark W. - Federal Reserve Bank of St. Louis - 2005

This paper measures the extent to which destination resort casinos export bankruptcy back to visitors' home states … local bankruptcy. Using various survey data, we calculate the number of visits from each state to casino resort destinations …-of-state casino resorts have higher bankruptcy filings. This effect is dominant in the south, suggesting that casinos located in …

Persistent link: https://www.econbiz.de/10005352817

Equilibrium in the Insurance Industry: Price and Probability of Insolvency

Strauss, Jason - Volkswirtschaftliche Fakultät, … - 2007

The goal of this essay is to show an insurance market equilibrium defined by an insurance product price and a probability of insolvency for the insurer(s).

Persistent link: https://www.econbiz.de/10005260096

The need for revised resolution regimes and supervisory arrangements

Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2011

In October 2010, having drawn crucial lessons fom the Financial Crisis which was triggered in 2007, and whose impact was still evident at the time, the Financial Stability Board Recommendations on systemically important financial institutions „called for an assessment, on the basis of the BCBS...

Persistent link: https://www.econbiz.de/10009323446

Central bank’s role and involvement in bank regulation: Lender of last resort arrangements and the Special Resolution Regime (SRR)

Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2009

This paper considers developments which have necessitated greater involvement and a greater role for the central bank in financial regulation and supervision. The aftermath of the 2007/08 financial crisis has witnessed the enactment of legislation such as the Banking Act of 2009 which has not...

Persistent link: https://www.econbiz.de/10009323454

Mexico's retrogression: implications of a bankruptcy reorganization gone wrong

Porzecanski, Arturo C. - Volkswirtschaftliche Fakultät, … - 2011

Mexico is retrogressing, becoming an unpredictable and risky jurisdiction for the adjudication of legitimate claims involving domestic and international lenders and investors. This conclusion follows from an analysis of the precedent-setting corporate workout involving a major Mexican...

Persistent link: https://www.econbiz.de/10009372574

Küresel Kriz ve Finansal Aracılarda Risk Yönetimi: Beyaz Sayfa Mı?

Coskun, Yener; Kayacan, Murad - Volkswirtschaftliche Fakultät, … - 2011

Abstract One of the impacts of financial liberalisation/deregulation to the risk management and regulation mechanisms is self regulation. In the context of self regulation, it is expected that financial intermediaries may internally develop risk management rules, define capital level based on...

Persistent link: https://www.econbiz.de/10009372609

The river sharing problem: A review of the technical literature for policy economists

Beard, Rodney - Volkswirtschaftliche Fakultät, … - 2011

over-allocated. Demand for water exceeds the available supply. Essentially, the water economy is bankrupt. Bankruptcy … of the paper is that the connection between the bankruptcy literature, which has recently also realized the importance of …

Persistent link: https://www.econbiz.de/10009353530

Coordinated failure? a cross-country bank failure prediction model

Santoso, Wimboh; Montgomery, Heather; Besar, Dwityapoetra; … - Volkswirtschaftliche Fakultät, … - 2005

This paper empirically investigates the causes of bank failures in Japan and Indonesia. Using logistic regression analysis of financial ratios, we explore the usefulness of domestic bank failure prediction models with a cross-country model that allows for cross-correlation of the error terms....

Persistent link: https://www.econbiz.de/10009278271

The English cotton spinning industry, 1780–1840, as revealed in the columns of the London Gazette

Solar, Peter M; Lyons, John S - Volkswirtschaftliche Fakultät, … - 2009

We investigate the early development of English cotton spinning by analyzing about 700 bankruptcies and 1300 dissolutions of partnership reported in the London Gazette, 1770–1840. The data show two temporal cycles, peaking in the early to mid-1800s and in the later 1820s, near the ends of...

Persistent link: https://www.econbiz.de/10004992046