Similar Search Results

Dealing with Private Debt Distress in the Wake of the European Financial Crisis : A Review of the Economics and Legal Toolbox

Liu, Yan - 2013

The private non-financial sector in Europe is facing increased challenges in meeting its debt servicing obligation. In response, governments are revisiting legal tools and—in some cases—institutional arrangements to deal with over-indebtedness. For households, where the problem in some...

Persistent link: https://www.econbiz.de/10014395387

Valuation of Menu items in Debt Restructuring

International Monetary Fund - 1989

This paper outlines a procedure for calculating the cash value of “menu items” in debt restructuring proposals, including par and non-par exchanges, with enhancements consisting of either interest or principal guarantees. It is argued that under certain plausible assumptions interest and...

Persistent link: https://www.econbiz.de/10014396239

Bank Insolvency and Stabilization in Eastern Europe

International Monetary Fund - 1992

The profound structural reform underway in Eastern Europe has revealed the weakness of the banking sector there; macroeconomic stability and other reforms are thereby threatened. After an overview of recent developments in the banking sectors of these countries, a model is developed that...

Persistent link: https://www.econbiz.de/10014396262

Mortgage Defaults

Martinez, Leonardo - 2012

This paper incorporates house price risk and mortgages into a standard incomplete market (SIM) model. The model is calibrated to match U.S. data and accounts for non-targeted features of the data such as the distribution of down payments, the life-cycle profile of home ownership, and the...

Persistent link: https://www.econbiz.de/10014396941

The impact of legislation on credit risk : comparative evidence from the United States, the United Kingdom and Germany

Schmieder, Christian; Schmieder, Philipp - 2011

Persistent link: https://www.econbiz.de/10009486196

Corporate and household debt distress in Latvia : strengthening the incentives for a market-based approach to debt resolution

Erbenová, Michaela; Liu, Yan; Saxegaard, Magnus - 2011

Persistent link: https://www.econbiz.de/10009486289

Dealing with private debt distress in the wake of the European financial crisis : a review of the economics and legal toolbox

Liu, Yan; Rosenberg, Christoph B. - 2013

Persistent link: https://www.econbiz.de/10009706789

Mortgage defaults

Hatchondo, Juan Carlos; Martinez, Leonardo; Sanchez, Juan M. - 2012

Persistent link: https://www.econbiz.de/10009423925

Optimal bank recovery

Goodhart, Charles A. E.; Segoviano, Miguel - 2015

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/10011408292

The insolvency regime for large enterprises in Italy : an economic and legal assessment

Belhocine, Nazim; Garcia-Macia, Daniel; Garrido, José … - 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/10011932376