particularly timely because policymakers are considering structural measures of banks’ systemic importance as a benchmark for …

acuerdos preconcursales para grandes empresas ; Traditionally, bankruptcy procedures in Spain have been lengthy and costly … processes that have nearly always (95%) resulted in the liquidation of the insolvent firm. These dysfunctions became apparent … with the large increase in bankruptcy filings during the crisis that started in 2008 and the ensuing congestion of the …

moral hazard and decreases with the effi ciency of fi rm liquidation following bankruptcy. … funds from competitive banks in an economy subject to fi nancial frictions. These frictions are due to non verifi ability of …

circumstances, especially for firms with fewer positive NPV projects and higher liquidation values. When renegotiation is costless …

out commercial banks and dealing with recession but also for providing better public services. This paper analyses the … affected by the impact of the credit crunch on Private Finance Initiatives (PFIs). Commercial banks are now generally only …

traditional margin income and fee-based income for banks operating in Australia. Design/methodology/approach – Considering several … Australian banks. The results suggest that shareholders of banks will benefit from increased bank exposure to non-interest income … must be offered with respect to banks pursuing absolute returns rather than monitoring risk-return trade-offs, and so …

This paper aims to make an empirical contribution to the discussion of the role of banks and to find out if banking is … a declining industry. It takes into account that the role of banks is declining in the United States and the fact that …