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Persistent link: https://www.econbiz.de/10009706789
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/10012612340
Corporate sector vulnerabilities have been a central policy topic since the outset of the COVID-19 pandemic. In this paper, we analyze some 17,000 publicly listed firms in a sample of 24 countries, and assess their ability to withstand shocks induced by the pandemic to their liquidity, viability...
Persistent link: https://www.econbiz.de/10012605125
We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...
Persistent link: https://www.econbiz.de/10012391969
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
. Instead it shows, first, that the use of ill-suited collateral in the secured funding operations of U.S.-based investment …
Persistent link: https://www.econbiz.de/10009618519
Persistent link: https://www.econbiz.de/10009620996
Widespread implicit guarantees and interest ceilings were major distortions in China's financial system, contributing to a misallocation of resources. We analyze the impact of removing such frictions in a general equilibrium setting. The results show that comprehensive reforms generate better...
Persistent link: https://www.econbiz.de/10011445597
This paper highlights the changing collateral landscape and how it may shape the global demand/supply for collateral …. We first identify the key collateral pools (relative to the “old” collateral space) and associated collateral velocities … banks are significantly altering the collateral space. Moreover, regulatory demands stemming from Basel III, Dodd Frank …
Persistent link: https://www.econbiz.de/10012671040
discuss the economics of collateral re-use and the present institutional structure in Asian and Latin American countries. Our … Eurozone collateral pool to incentivize EMs, and why many securities (e.g., BTPs, Italy) are acceptable in London but not EM … sheet capacity to intermediate cross-border collateral will be crucial for this market to develop …
Persistent link: https://www.econbiz.de/10012604765