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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
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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
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Predicting Macroeconomic and Macrofinancial Stress in Low-Income Countries
Weisfeld, Hans; de Carvalho Filho, Irineu; Comelli, Fabio; … - 2021
In recent years, Fund staff has prepared cross-country analyses of macroeconomic vulnerabilities in low-income countries, focusing on the risk of sharp declines in economic growth and of debt distress. We discuss routes to broadening this focus by adding several macroeconomic and macrofinancial...
Persistent link: https://www.econbiz.de/10013250073
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Can Financial Soundness Indicators Help Predict Financial Sector Distress?
Pietrzak, Marcin - 2022
This paper shows how the role of Financial Soundness Indicators (FSIs) in financial surveillance can be usefully enhanced. Drawing from different statistical techniques, the paper illustrates that FSIs generate signals that can accurately detect, with 4 to 12 quarters lead, emerging financial...
Persistent link: https://www.econbiz.de/10013306766
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Surrogate Data Models : Interpreting Large-Scale Machine Learning Crisis Prediction Models
Chan-Lau, Jorge A.; Hu, Ruofei; Ivanyna, Maksym; Qu, Ritong - 2023
Machine learning models are becoming increasingly important in the prediction of economic crises. The models, however, use datasets comprising a large number of predictors (features) which impairs model interpretability and their ability to provide adequate guidance in the design of crisis...
Persistent link: https://www.econbiz.de/10014256873
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How Green are Green Debt Issuers?
Schmittmann, Jochen; Chua, Han Teng - 2022
Green debt markets are rapidly growing while product design and standards are evolving. Many policymakers and investors view green debt as an important component in the policy mix to achieve the transition to a low carbon economy and ensure the pricing of climate risks. Our analysis contributes...
Persistent link: https://www.econbiz.de/10013306769
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Green Bond Pricing and Greenwashing Under Asymmetric Information
Schmittmann, Jochen; Gao, Yun - 2023
We analyze the corporate green bond market under a rational framework without an innate green preference, using a simple adverse selection model. Firms can use green bonds to signal their green credentials to investors. Transition risk stems from uncertainty over the introduction of carbon...
Persistent link: https://www.econbiz.de/10014258404
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Financial Decisions and Investment Outcomes in Developing Countries : The Role of Institutions
Turk-Ariss, Rima - 2015
This paper analyzes how differences in legal origin, judicial efficiency, and investor protection affect firm leverage and earnings volatility across developing countries. Using a large number of developing countries, four main findings are highlighted. First, firms in civil legal origin...
Persistent link: https://www.econbiz.de/10013025428
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Corporate Vulnerabilities in Vietnam and Implications of COVID-19
Kroeger, Thilo; Nguyen, Anh Thi Ngoc; Zhang, Y. Sophia; … - 2021
The paper uses firm-level data to assess the financial health of the Vietnamese non-financial corporate sector on the eve of pandemic. Our analysis finds that smaller domestic firms were particularly vulnerable even by regional comparison. A sensitivity analysis suggests that the COVID-19 shock...
Persistent link: https://www.econbiz.de/10013249409
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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