Showing 1 - 10 of 19
I examine the effect of credit default swaps (CDSs) on the restructuring of distressed firms. Theoretically, I show that if bondholders are insured with CDSs, the participation rate in a restructuring decreases. Using a sample of distressed exchange offers, I estimate that the participation rate...
Persistent link: https://www.econbiz.de/10010494555
I examine the effect of credit default swaps (CDSs) on the restructuring of distressed firms. Theoretically, I show that if bondholders are insured with CDSs, the participation rate in a restructuring decreases. Using a sample of distressed exchange offers, I estimate that the participation rate...
Persistent link: https://www.econbiz.de/10010705548
crisis. We interpret investment dynamics in a comparative party-state model concept framework. We point out that …
Persistent link: https://www.econbiz.de/10011944915
demand shocks. Evidence suggests that firms in crisis drop or downsize additional products not related to their core product …
Persistent link: https://www.econbiz.de/10012290270
of the present economic crisis. To do so, we use an econometrically calibrated simulation and a case study of Ireland. We … find that, in the short run, the crisis is likely to lead to a somewhat lower stock of migrants from the new member states … in the EU15 than would have been the case without the crisis on account of diminished job opportunities for migrants. By …
Persistent link: https://www.econbiz.de/10010494399
The euro area is facing crisis, while the US is not, though the overall fiscal situation and outlook is better in the …
Persistent link: https://www.econbiz.de/10010494443
This paper assesses the impact of the 2008-09 global financial and economic crisis on the medium-term growth prospects … two decades ago. We use cross-country growth regressions, putting special emphasis on a proper consideration of the crisis … and robustness. We find that the crisis has had a major impact on the within-sample fit of the models used and that the …
Persistent link: https://www.econbiz.de/10010494452
/loss impact. Moreover, we make an attempt at analysing the changes in relocations during the crisis years. …
Persistent link: https://www.econbiz.de/10010494518
This paper describes the impact of the global crisis on China, the central and local level government responses and … state interventions to compensate the impact of the crisis activate the general and specific Chinese characteristics of …
Persistent link: https://www.econbiz.de/10010494536
external shock caused by the global crisis and the subsequent internal reaction in the form of intensified stimulating state …
Persistent link: https://www.econbiz.de/10010494568