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Personal bankruptcy law, debt portfolios, and entrepreneurship

Mankart, Jochen; Rodano, Giacomo - 2015

Every year 400,000 entrepreneurs fail and 60,000 file for personal bankruptcy. The option to declare bankruptcy … insurance and credit conditions. A lenient bankruptcy law always worsens credit conditions, in particular for poor entrepreneurs …, we show that the optimal bankruptcy law is very harsh because the benefits from better credit conditions dominate the …

Persistent link: https://www.econbiz.de/10011316589

Do remittances increase borrowing?

Ambrosius, Christian; Cuecuecha, Alfredo - 2014

While recent literature has pointed out that migrants ́remittances have a positive impact on savings with financial institutions, findings with respect to access to and the use of loans have been ambiguous. This paper investigates whether the reception of remittances facilitates taking up loans...

Persistent link: https://www.econbiz.de/10010403217

Financial lives and the vicious cycle of debt among Thai agricultural households

Sommarat, Chantarat; Chayanee Chawanote; Lathaporn … - 2023

Persistent link: https://www.econbiz.de/10014320201

Political consequences of (consumer) debt relief

Aidt, Toke; Asatryan, Zareh; Badalyan, Lusine - 2024 - This version: March 6, 2024

Many governments operate consumer debt relief programs, often timed to match the election cycle, but their political effects are not well understood. We ask if debt relief can influence elections in democracies. Our motivating exercise is the Biden administration’s promise to relieve student...

Persistent link: https://www.econbiz.de/10014566268

Identifying empty creditors with a shock and micro-data

Degryse, Hans; Gündüz, Yalın; O'Flynn, Kuchulain; … - 2021

the bankruptcy code in Germany that effectively removes their potential impact on CDS firms. Using a unique dataset on …

Persistent link: https://www.econbiz.de/10012697959

Dynamic screening with verifiable bankruptcy

Krähmer, Daniel; Strausz, Roland - 2022

bankruptcy as a verifiable event that occurs whenever the agent makes a per period loss. This leads to less stringent truth …

Persistent link: https://www.econbiz.de/10014476119

The optimal mix of business entities : the value of partial limited liability

Kraizberg, Elli - 1989

Persistent link: https://www.econbiz.de/10000769114

US real interest rates and default risk in emerging economies

Foley-Fisher, Nathan; Guimarães, Bernardo - 2009

We empirically analyse the appropriateness of indexing emerging market sovereign debt to US real interest rates. We find that policy-induced exogenous increases in US rates raise default risk in emerging market economies, as hypothesised in the theoretical literature. However, we also find...

Persistent link: https://www.econbiz.de/10003894416

Labour contracts with firms subject to debt default penalties

Farrow, Raymond J. - 1986 - Rev.

Persistent link: https://www.econbiz.de/10003532291

Personal bankcuptcy law, wealth and entrepreneurship : theory and evidence from the introduction of a "fresh start"

Fossen, Frank M. - 2011

entrepreneurship. -- Personal bankruptcy law ; insolvency ; entrepreneurship ; fresh start …A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in … entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy …

Persistent link: https://www.econbiz.de/10009008042