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Predicting distress in European banks
Betz, Frank; Oprică, Silviu; Peltonen, Tuomo; Sarlin, Peter - 2013
Persistent link: https://www.econbiz.de/10010195373
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Creditor protection, judicial enforcement and credit access
Maresch, Daniela; Ferrando, Annalisa; Moro, Andrea - 2015
Persistent link: https://www.econbiz.de/10011349868
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Breaking the shackles : zombie firms, weak banks and depressed restructuring in Europe
Andrews, Dan; Petroulakis, Filippos - 2019
insolvency regimes do not unduly inhibit corporate restructuring. Thus, leveraging the important complementarities between bank … strengthening efforts and insolvency regime reform would contribute to breaking the shackles on potential growth in Europe. …
Persistent link: https://www.econbiz.de/10011975568
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Global credit risk : world, country and industry factors
Schwaab, Bernd; Koopman, Siem Jan; Lucas, André - 2016
Persistent link: https://www.econbiz.de/10011618479
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The time dimension of the links between loss given default and the macroeconomy
Koneèný, Tomáš; Seidler, Jakub; Belyaeva, Aelita; … - 2017
Most studies focusing on the determinants of loss given default (LGD) have largely ignored possible lagged effects of the macroeconomy on LGD. We fill this gap by employing a wide set of macroeconomic covariates on a retail portfolio that represents 15% of the Czech consumer credit market over...
Persistent link: https://www.econbiz.de/10011636239
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Twin default crises
Mendicino, Caterina; Nikolov, Kalin; Rubio-Ramírez, … - 2020
We study the interaction between borrowers' and banks' solvency in a quantitative macroeconomic model with financial frictions in which bank assets are a portfolio of defaultable loans. We show that ex-ante imperfect diversification of bank lending generates bank asset returns with limited...
Persistent link: https://www.econbiz.de/10012224086
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The aggregate consequences of default risk : evidence from firm-level data
Besley, Timothy; Roland, Isabelle; Van Reenen, John - 2020
This paper studies the implications of perceived default risk for aggregate output and productivity. Using a model of credit contracts with moral hazard, we show that a firm's probability of default is a sufficient statistic for capital allocation. The theoretical framework suggests an aggregate...
Persistent link: https://www.econbiz.de/10012241111
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I will survive : pricing strategies of financially distressed firms
Duca, Ioana A.; Montero, José Manuel; Riggi, Marianna; … - 2018
We consider a standard result of customer market theory: if firms have stable customer relations and face financial frictions, they may keep prices relatively high on their locked-in shoppers to maintain short-term profits at the expense of future market shares in times of low demand and vice...
Persistent link: https://www.econbiz.de/10011864188
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Insolvency frameworks and private debt : an empirical investigation
Consolo, Agostino; Malfa, Federica; Pierluigi, Beatrice - 2018
This paper presents new evidence on the importance of insolvency frameworks for private sector debt deleveraging and … for the resolution of non-performing loans (NPL). We construct an aggregate insolvency framework index (IFI), which is …, our results indicate that better insolvency frameworks lead to faster NPL reductions and to lower NPL increases during …
Persistent link: https://www.econbiz.de/10011921438
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Analysing and combining multiple credit assessments of financial institutions
Tabakis, Evangelos; Vinci, Anna - 2002
Persistent link: https://www.econbiz.de/10001670884