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Creditor Rights and Aggregate Factors in Loan Terms

Knyazeva, Anzhela - 2018

. We examine the effects of creditor rights on the sensitivity of bank lending terms to aggregate relative to firm …-specific information. We formulate two competing hypotheses. On the one hand, weaker creditor rights can amplify the bank's screening and … reduce the ability of borrowers with strong fundamentals to raise bank debt, lead to more correlated bank lending decisions …

Persistent link: https://www.econbiz.de/10012908921

Business flutucations and bankruptcy avalanches in an evolving network economy

Delli Gatti, Domenico; Gallegati, Mauro; Greenwald, … - In: Journal of economic interaction and coordination : JEIC 4 (2009) 2, pp. 195-212

Persistent link: https://www.econbiz.de/10003891822

Land and credit

Stiglitz, Joseph E. - 2015

Persistent link: https://www.econbiz.de/10011283138

Default Cascades : When Does Risk Diversification Increase Stability?

Battiston, Stefano - 2012

We explore the dynamics of default cascades in a network of credit interlinkages in which each agent is at the same time a borrower and a lender. When some counterparties of an agent default, the loss she experiences amounts to her total exposure to those counterparties. A possible conjecture in...

Persistent link: https://www.econbiz.de/10013096265