Similar Search Results

The need for revised resolution regimes and supervisory arrangements

Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2011

In October 2010, having drawn crucial lessons fom the Financial Crisis which was triggered in 2007, and whose impact was still evident at the time, the Financial Stability Board Recommendations on systemically important financial institutions „called for an assessment, on the basis of the BCBS...

Persistent link: https://www.econbiz.de/10009323446

Central bank’s role and involvement in bank regulation: Lender of last resort arrangements and the Special Resolution Regime (SRR)

Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2009

This paper considers developments which have necessitated greater involvement and a greater role for the central bank in financial regulation and supervision. The aftermath of the 2007/08 financial crisis has witnessed the enactment of legislation such as the Banking Act of 2009 which has not...

Persistent link: https://www.econbiz.de/10009323454

Studiu de caz privind arieratele si inlesnirile la plata obligatiilor bugetare aprobate la nivelul judetului Gorj

Ecobici, Nicolae - Volkswirtschaftliche Fakultät, … - 2005

counties in Romania which have little debtors and many companies in liquidation, this is not a very good thing because the … county is at the portal of the bankruptcy with an unfunctionally market economy. …

Persistent link: https://www.econbiz.de/10005790135

The impact of insolvency laws on venture capital

Bhatia, Jai - Volkswirtschaftliche Fakultät, … - 2009

put into the bankruptcy system for liquidation/ reorganization because the realized value from the small firms often do … contract driven bankruptcy system to the court driven system, and their implications for failed VC funded firms. This paper … not cover the cost of the bankruptcy process. Consequently, it is difficult to ascertain the impact of corporate …

Persistent link: https://www.econbiz.de/10008562618

Risks of the indebtedness of the Hungarian local government sector from a financial stability point of view

Aczél, Ákos; Homolya, Dániel - Volkswirtschaftliche Fakultät, … - 2012

Our paper explores the risks that arise due to indebtedness of Hungarian local governments. Our analysis relies on interviews conducted with the heads of the local government business branches of the credit institutions most important in terms of local government financing and on the related...

Persistent link: https://www.econbiz.de/10011258086

Heterodox production and cost theory of the business enterprise

Lee, Frederic; Jo, Tae-Hee - Volkswirtschaftliche Fakultät, … - 2010

Heterodox economists long complained about having no systematic alternative to neoclassical production and cost theory. This paper deals with this complaint. That is, it presents a theory of production and costs of the business enterprise that is a complete alternative to the neoclassical theory...

Persistent link: https://www.econbiz.de/10008777399

Strategies on initial public offering of company equity at stock exchanges in imperfect highly volatile global capital markets with induced nonlinearities

Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2014

This research considers the strategies on the initial public offering of company equity at the stock exchanges in the imperfect highly volatile global capital markets with the nonlinearities. We provide the IPO definition and compare the initial listing requirements on the various markets. We...

Persistent link: https://www.econbiz.de/10011258000

Serial default and debt renegotiation

Asonuma, Tamon - Volkswirtschaftliche Fakultät, … - 2012

Emerging countries that have defaulted on their debt repayment obligations in the past are more likely to default again in the future than are non-defaulters even with the same debt-to-GDP ratio. This paper explains this stylized fact within a dynamic stochastic general equilibrium framework by...

Persistent link: https://www.econbiz.de/10011111033

The Liquidation - based on Evaluation and Accounting Information

Goagara, Daniel; Giurca Vasilescu, Laura - Volkswirtschaftliche Fakultät, … - 2011

From a juridical point of view, an entity is considered in difficulty in the situation of payments’ ceasing that occurs when it can not face its due debts with the available funds. In the case of a financial depreciation, the short term liabilities are superior to the assets. The negative net...

Persistent link: https://www.econbiz.de/10008869272

Is there a Distress Risk Anomaly? Pricing of Systematic Default Risk in the Cross Section of Equity Returns

Anginer, Deniz; Yildizhan, Celim - Volkswirtschaftliche Fakultät, … - 2009

The standard measures of distress risk ignore the fact that firm defaults are correlated and that some defaults are more likely to occur in bad times. We use risk premium computed from corporate credit spreads to measure a firm’s exposure to systematic variation in default risk. Unlike...

Persistent link: https://www.econbiz.de/10011259646