that arises in case of resolution or bankruptcy. This net benefit, which may be capitalized into the value of the bank …

alleviated by a suitably designed bankruptcy regime that facilitates debt restructuring. …

. Notwithstanding the bankruptcy of numerous mortgage companies, historically high delinquencies and foreclosures, and a significant …

This paper provides an overview of key elements of Corporate Bankruptcy Codes and Practice around the world that are … relevant to the debate on Sovereign Debt Restructuring. It highlights four components common to most bankruptcy reorganization …

relationship between banks' risk of failure, market structure, bank ownership, and banks' screening and bankruptcy costs. These … model rationalizes this evidence if both state-owned and foreign banks have either larger screening and/or lower bankruptcy … costs than private domestic banks, banks' differences in market shares, screening or bankruptcy costs are not too large, and …

Financial frictions have been documented as an important determinant of firm dynamics. In this paper I model bankruptcy … a model of firm dynamics that generate endogenous borrowing limits and I find that a) inefficient bankruptcy procedures …