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Does banks’ size distort market prices?Evidence for too-big-to-fail in the CDS market
Völz, Manja; Wedow, Michael - Volkswirtschaftliches Forschungszentrum <Frankfurt, Main> - 2009
This paper examines the potential distortion of prices in the CDS marketcaused by too-big-to-fail. Overall, we find evidence for market discipline inthe CDS market. However, CDS prices are distorted due to a size effect whicharises when investors expect a public bail-out as a result of...
Persistent link: https://www.econbiz.de/10005866274
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Informational Efficiency of Loans versus Bonds: Evidence from Secondary Market Prices
Altman, Edward; Gande, Amar; Saunders, Anthony - 2003
This paper examines the informational efficiency of loans relative to bonds surrounding loan default dates and bond … default dates. We examine this issue using a unique dataset of daily secondary market prices of loans over the11 …
Persistent link: https://www.econbiz.de/10005846906
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THE CURRENCY DENOMINATION OF SOVEREIGNDEBT
Bleaney, Michael F. - University <Nottingham> / Department of Economics - 2006
This paper considers the currency composition of sovereign debt in the context of risksharingthrough excusable defaults. It is shown that monetary credibility is not asufficient condition for borrowing in domestic currency. With real exchange rate risk,debt denominated in a borrowing country’s...
Persistent link: https://www.econbiz.de/10005868758
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Gaining scale in microcredit : can banks make it happen? ; a report on two workshops organised by the Directorate-General for Enterprise and Industry
Europäische Kommission / Generaldirektion Unternehmen … - 2010
Persistent link: https://www.econbiz.de/10009635863
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Zahlungsunfähige Unternehmen mit irreversiblen Kosten, ihre Fortführungs- und Liquidationswerte
Kallfass, Hermann H. - Institut für Volkswirtschaftslehre <Ilmenau> - 2001
Persistent link: https://www.econbiz.de/10005840519
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The limited liability effect in experimental duopoly markets
Oechssler, Jörg; Schuhmacher, Frank - RWTH <Aachen> / Lehrstuhl für … - 2003
This article tests the modell of Brander and lewis under ertrand and Cournot competition.
Persistent link: https://www.econbiz.de/10005840866
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Die Bedeutung einer Ausfallbedrohtheit vonVersicherungskontrakten - Ein Beitrag zur Behavioral Insurance
Albrecht, Peter; Maurer, Raimond - 2000
eingeführt. Hiermit werden Versicherungsverträge bezeichnet, deren Erfüllung imLeistungsfalle aufgrund einer möglichen Insolvenz … policies involving a small probability that the consumer is not reimbursed because of a possible default of the insurance …
Persistent link: https://www.econbiz.de/10005842162
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MONETARY POLICY AND THEDISTRIBUTION OF INCOME
Bhattacharya, Joydeep - Iowa State University of Science and Technology <Ames, … - 2003
in an economy. It presents a monetary growth model in which inflation affects credit market efficiency, and via this link … workers' savings, and is subject to a costly state verification (CSV) problem. Successful capitalists leave bequests to their … offspring which serve as internal finance, more of which promotes credit market efficiency and capital formation. Inflation acts …
Persistent link: https://www.econbiz.de/10009418926
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Gründungen, Liquidationen,Insolvenzen2010 in Deutschland
Günterberg, Brigitte - Institut für Mittelstandsforschung <Bonn> - 2011
Gründungen, Liquidationen und Insolvenzen sind wichtige Elemente der Wirt-schaftsdynamik. Das IfM Bonn beleuchtet das Gründungs- und Liquidations-geschehen in Deutschland mit verschiedenen Schwerpunkten.In Deutschland gibt es allerdings keine einheitliche Definition von Gründungen und...
Persistent link: https://www.econbiz.de/10009418964
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Measurement and Evaluation of Real Social Burdenof Donor States Providing Euro Emergency Fund
Maier, Helmut - Leontief-Institut für Wirtschaftsanalyse Berlin - 2011
In spring 2010 the Euro-crisis culminated with the threatening state insolvency of Greece and Ireland. By high billion …
Persistent link: https://www.econbiz.de/10009418967