Narrow search
Showing 1 - 10 of 181
Cover Image
Restructuring and Insolvency in Europe : Policy Options in the Implementation of the EU Directive
Garrido, José; DeLong, Chanda; Ras, Ami; Rosha, Anjum - 2022
The Directive on Restructuring and Insolvency sets minimum standards for restructuring and certain insolvency matters … restructuring models in Europe. These options reveal different policy approaches to the regulation of restructuring and insolvency …
Persistent link: https://www.econbiz.de/10013306802
Cover Image
The Systemic Impact of Debt Default in a Multilayered Global Network Model
Porter, Nathan; Tovar, Camilo E.; Treviño, Juan; … - 2022
The world has become more interconnected over the past few decades. Against this backdrop, economic and financial contagion following adverse shocks can have a severe impact on the global economy. How systemic can the effects of contagion be? What specific transmission channels are involved?...
Persistent link: https://www.econbiz.de/10013491953
Cover Image
The Insolvency Regime for Large Enterprises in Italy : An Economic and Legal Assessment
Belhocine, Nazim - 2018
The modernization of Italy's insolvency framework has been the subject of much interest in recent years, related not … least to its role in potentially facilitating an efficient allocation of resources. A unique feature of Italy's insolvency … folding the special regime into the general insolvency regime, possibly with provisions to allow for state intervention in …
Persistent link: https://www.econbiz.de/10012909405
Cover Image
Insolvency and Enforcement Reforms in Italy
Garrido, José - 2016
the efficiency of insolvency and enforcement processes. Traditionally, these processes in Italy have taken very long … explores the recent insolvency and enforcement reforms and the remaining challenges. These reforms introduce important positive …
Persistent link: https://www.econbiz.de/10012977835
Cover Image
Optimal Bank Recovery
Goodhart, Charles - 2016
Banks' living wills involve both recovery and resolution. Since it may not always be clear when recovery plans or actions should be triggered, there is a role for an objective metric to trigger recovery. We outline how such a metric could be constructed meeting criteria of (i) adequate loss...
Persistent link: https://www.econbiz.de/10013002156
Cover Image
Bankruptcy Technology, Finance, and Entrepreneurship
Sobrinho, Nelson - 2017
rationale for structural reforms that simultaneously speed up the resolution of private sector insolvency, improve creditor …
Persistent link: https://www.econbiz.de/10012948517
Cover Image
UnFEAR : Unsupervised Feature Extraction Clustering with an Application to Crisis Regimes Classification
Chan-Lau, Jorge A.; Wang, Ran - 2021
We introduce unFEAR, Unsupervised Feature Extraction Clustering, to identify economic crisis regimes. Given labeled crisis and non-crisis episodes and the corresponding features values, unFEAR uses unsupervised representation learning and a novel mode contrastive autoencoder to group episodes...
Persistent link: https://www.econbiz.de/10013250097
Cover Image
Forecasting Social Unrest : A Machine Learning Approach
Redl, Chris; Hlatshwayo, Sandile - 2022
We produce a social unrest risk index for 125 countries covering a period of 1996 to 2020. The risk of social unrest is based on the probability of unrest in the following year derived from a machine learning model drawing on over 340 indicators covering a wide range of macro-financial,...
Persistent link: https://www.econbiz.de/10013306728
Cover Image
Household Wealth and Resilience to Financial Shocks in Italy
Garcia-Macia, Daniel - 2018
High household wealth is often cited as a key strength of the Italian economy. Both in absolute terms and relative to income, the Italian household sector is wealthier than most euro area peers. A sizable fraction of this wealth is held by the rich and upper middle classes. This paper documents...
Persistent link: https://www.econbiz.de/10012910351
Cover Image
Can Contingent Convertibles Help Private Asset Managers Fund Their Acquisition of Non-Performing Loans from Portuguese Banks?
Santos, Andre Oliveira - 2019
This paper analyzes the capital structure of private asset managers in which theacquisition of nonperforming loans (NPLs) is funded with Contingent Convertibles(CoCos) placed with investors. The paper develops a model based on NPL transferprices and residual recovery rates to assess capital...
Persistent link: https://www.econbiz.de/10012868458