Showing 1 - 10 of 78
"Powell, Mylenko, Miller, and Majnoni analyze how data in public credit registries can be used both to strengthen bank supervision and to improve the quality of credit analysis by financial institutions. Empirical tests using public credit registry (PCR) data were performed in collaboration with...
Persistent link: https://www.econbiz.de/10010522892
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"This paper investigates the leading causes of nonperforming loans during the economic and banking crises that affected a large number of countries in Sub-Saharan Africa in the 1990s. Empirical analysis shows a dramatic increase in these loans and extremely high credit risk, with significant...
Persistent link: https://www.econbiz.de/10010522431
"Greece and Italy initiated efforts to improve public debt management and develop their domestic debt markets respectively in the late 1970s and mid-1980s. At that time, both countries suffered from large and rapidly growing public debt, excessive reliance on short-term bills held by commercial...
Persistent link: https://www.econbiz.de/10010522920
The objective of this Non-Performing Loan (NPL) Market assessment diagnostic report is to examine and assess the NPL market in Pakistan, and identify bottlenecks and practical areas that could be addressed in the short and medium term to make the NPL market in Pakistan more investor friendly....
Persistent link: https://www.econbiz.de/10013545240
"Broner, Lorenzoni, and Schmukler argue that emerging economies borrow short term due to the high risk premium charged by international capital markets on long-term debt. They first present a model where the debt maturity structure is the outcome of a risk-sharing problem between the government...
Persistent link: https://www.econbiz.de/10010522945
"The authors study the effect of reorganization costs on the efficiency of bankruptcy laws. They develop a simple model that predicts that in a regime with high costs, the law fails to achieve the efficient outcome of liquidating unviable businesses and reorganizing viable ones. The authors test...
Persistent link: https://www.econbiz.de/10010522092
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The legal and institutional framework governing creditor rights and insolvency proceedings in Chile reasonably complies … enjoying such instruments use ordinary proceedings whose duration is even longer (3 to 5 years). Insolvency legislation is …, however, is 2 to 3 years. The Insolvency Law also governs judicial reorganization proceedings but classification of creditors …
Persistent link: https://www.econbiz.de/10012559372