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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

Corporate Leverage, Bankruptcy, and Output Adjustment in Post-Crisis East Asia

Kim, Se-jik - 1999

threatened by bankruptcy. These firms respond by eliminating investment and selling their capital goods-at a discount-to try to …

Persistent link: https://www.econbiz.de/10014400639

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

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

Debt is not free

Moreno Badía, Marialuz; Medas, Paulo; Gupta, Pranav; … - 2020

With public debt soaring across the world, a growing concern is whether current debt levels are a harbinger of fiscal crises, thereby restricting the policy space in a downturn. The empirical evidence to date is however inconclusive, and the true cost of debt may be overstated if interest rates...

Persistent link: https://www.econbiz.de/10012170046

The COVID-19 impact on corporate leverage and financial fragility

Haque, Sharjil Muktafi; Varghese, Richard - 2021

We study the impact of the COVID-19 recession on capital structure of publicly listed U.S. firms. Our estimates suggest leverage (Net Debt/Asset) decreased by 5.3 percentage points from the pre-shock mean of 19.6 percent, while debt maturity increased moderately. This de-leveraging effect is...

Persistent link: https://www.econbiz.de/10012796218

Bankruptcy Procedures for Sovereigns : A History of Ideas, 1976-2001

Zettelmeyer, Jeromin - 2002

This paper describes the evolution of ideas to apply bankruptcy reorganization principles to sovereign debt crises. Our …

Persistent link: https://www.econbiz.de/10014403667

Managing fiscal risks from national airlines in Pacific Island countries

Balasundharam, Vybhavi; Hunter, Leni; Lavea, Iulai; … - 2021

Pacific island countries (PICs) rely on national airlines for connectivity, trade, and tourism. These airlines are … backdrop of tight fiscal space and increasing government debt, losses in airlines are adding to fiscal risks in some PICs. This … paper discusses tools to evaluate and manage the fiscal risks from national airlines in the Pacific. We present a snapshot …

Persistent link: https://www.econbiz.de/10012605642

The role for deposit insurance funds in dealing with failing banks in the European Union

Arda, Atilla; Dobler, Marc - 2022

This paper argues that in the European Union (EU) deposit insurance funds are too difficult to use in bank resolution and too easy to use outside resolution. The paper proposes reforms in three areas for the effective management of bank failures of small and medium-sized banks in the European...

Persistent link: https://www.econbiz.de/10013170606

International Corporate Governance Spillovers : Evidence from Cross-Border Mergers and Acquisitions

Albuquerque, Rui - 2013

We develop and test the hypothesis that foreign direct investment promotes corporate governance spillovers in the host country. Using firm-level data on cross-border mergers and acquisitions (M&A) and corporate governance in 22 countries, we find that cross-border M&As are associated with...

Persistent link: https://www.econbiz.de/10014394542