constraints in 15 Euro Area countries. The empirical analysis is based on the Household Finance and Consumption Survey, a new … harmonized data set collecting detailed information on wealth holdings, consumption and income at the household level. Since the …

the bankruptcy code in Germany that effectively removes their potential impact on CDS firms. Using a unique dataset on … financially safer firms are less affected by empty creditors. Banks that are not capital constrained and that are liquidity … do banks that monitor their creditors less and that earn a smaller portion of their income from interest activities. …

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