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Capital Structure and Seniority in Entrepreneurial Firms
Ippolito, Filippo - Department of Economics, Oxford University - 2005
We present a model of cash constrained entrepreneurs who need an investor to finance their project. Investors can either be uninformed, such as individual bondholders, or informed, such as venture capitalists and banks. There is an entrepreneurial moral hazard problem, which can be partially...
Persistent link: https://www.econbiz.de/10010661398
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The role of commercial real estate investments in the banking crisis of 1985-92
Cole, Rebel A.; Fenn, George W. - Volkswirtschaftliche Fakultät, … - 1996
period during which more than 1,300 banks failed. Bank failures are fundamentally important because of the unique role played … during this period. First, commercial real estate was only a factor in the bank failures of 1988-92. Second, construction … loans played a much larger role in bank failures than permanent loans, and the relationship is strongest with construction …
Persistent link: https://www.econbiz.de/10008615013
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Financement et risque de défaut des entreprises durant la crise. Synthèse d’une conférence organisée par la Banque de France et OSEO les 9 et 10 février 2012.
FOUGÈRE, D.; SEVESTRE, P. - In: Bulletin de la Banque de France (2012) 188, pp. 41-50
Quelles conséquences de la crise sur le financement et les défaillances d’entreprises ? Une conférence organisée par la Banque de France et OSEO en février dernier a réuni autour de cette question des économistes issus à la fois du monde académique, d’institutions bancaires et...
Persistent link: https://www.econbiz.de/10010816094
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18th International Panel Data Conference: a Brief Synthesis
D. Fougère.; P. Sevestre. - In: Quarterly selection of articles - Bulletin de la Banque … (2012) 26, pp. 65-78
What was the impact of the crisis on fi rms’ fi nancing and company defaults? A conference on this topic hosted by the Banque de France and OSEO in February 2012 brought together economists from academia, banking institutions and statistical institutes.
Persistent link: https://www.econbiz.de/10010635604
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Fire Sales in Finance and Macroeconomics
Shleifer, Andrei; Vishny, Robert W. - National Bureau of Economic Research (NBER) - 2010
Fire sales are forced sales of assets in which high-valuation bidders are sidelined, typically due to debt overhang problems afflicting many specialist bidders simultaneously. We overview theoretical and empirical research on asset fire sales, which shows how they can arise, how they can lead to...
Persistent link: https://www.econbiz.de/10008776830
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Neue Liquiditätsvorschriften und Cash Management im schweizerischen Bankwesen
Schuster, Leo (contributor) - 1988 - 1. Aufl.
Persistent link: https://www.econbiz.de/10004621516
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Restructuring counterparty credit risk
Albanese, Claudio; Brigo, Damiano; Oertel, Frank - Deutsche Bundesbank - 2013
total of ten different structuring styles. These include bi-partite structures between a bank and a counterparty, tri …
Persistent link: https://www.econbiz.de/10010957120
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Credit Traps
Benmelech, Efraim; Bergman, Nittai K. - National Bureau of Economic Research (NBER) - 2010
bank into the banking sector are hoarded and not lent out. We use the term 'credit traps' to describe such situations and … useful in increasing bank lending. Further, the model shows how small contractions in monetary policy or in loan supply can …
Persistent link: https://www.econbiz.de/10008622349
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An Empirical Analysis of Personal Bankruptcy and Delinquency
Gross, David B. - 2011
This paper uses a new panel data set of credit card accounts to analyze credit card delinquency, personal bankruptcy, and the stability of credit risk models. We estimate duration models for default and assess the relative importance of different variables in predicting default. We investigate...
Persistent link: https://www.econbiz.de/10012757339
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Debt-Deflation : Concepts and a Stylised Model
von Peter, Goetz - 2013
This paper proposes a model of how agents adjust their asset holdings in response to losses in general equilibrium. By emphasising the relation between deflation and financial distress, we capture some original features of the early debt-deflation literature, such as distress selling,...
Persistent link: https://www.econbiz.de/10012711958