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A Constructive Proof of the Existence of Collateral Equilibrium for a Two-Period Exchange Economy Based on a Smooth Interior-Point Path
Ma, Wei - In: Computational Economics 45 (2015) 1, pp. 1-30
evidence. The long established idea for inhibiting the default behavior is to resort to collateral, and this idea has profound …
Persistent link: https://www.econbiz.de/10011155114
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Modellkonsistente Bestimmung des LGD im IRB-Ansatz von Basel II
Gürtler, Marc; Heithecker, Dirk - Department Wirtschaftswissenschaften, Technische … - 2004
Gemäß den im Juni 2004 durch den Baseler Ausschuss endgültig verabschiedeten Kapitalstandards (Basel II) sind Kredite in Höhe des so genannten unerwarteten Verlusts mit Eigenkapital zu unterlegen. Für erwartete Verluste hat das jeweilige Kreditinstitut Rückstellungen zu bilden, wobei hier...
Persistent link: https://www.econbiz.de/10009646400
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The Welfare Implications of Services Liberalization in a Developing Country; Evidence from Tunisia
Jouini, Nizar; Rebei, Nooman - International Monetary Fund (IMF) - 2013
We propose an integrated method based on a two-sector small open economy dynamic and stochastic general equilibrium model to estimate non-tariff barriers and quantify the impact of services liberalization. The major component of trade barriers is explicitly modeled through the introduction of...
Persistent link: https://www.econbiz.de/10011242426
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Modeling with Macro-Financial Linkages; Credit and Policy Shocks in Emerging Markets
Benes, Jaromir; Ötker, Inci; Vávra, David - International Monetary Fund (IMF) - 2009
This paper develops a stylized, small, open economy macro model that incorporates an explicit and non-trivial role for financial intermediation. It illustrates how such a model could be used for policy analysis in an emerging market economy where policymakers are concerned about risks associated...
Persistent link: https://www.econbiz.de/10008528675
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The value of insolvency safe harbours
Paech, Philipp - London School of Economics (LSE) - 2015
‘Safe harbour’ is shorthand for a bundle of privileges in insolvency which are typically afforded to financial … protection against the fallout of the counterparty’s insolvency contributes to systemic stability, as the feared ‘domino effect …
Persistent link: https://www.econbiz.de/10011264787
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International Similarities of Bank Lending Practices and Varieties of Insolvency Laws: a Comparative Analysis of France and Germany
Groessl, Ingrid; Levratto, Nadine - Fachbereich Sozialökonomie, Universität Hamburg - 2012
Economic theory conjectures complementarities between the ranking of creditors in formal insolvency proceedings and the … use of collateral in bank loan contracts as well as the existence of relational compared to arm’s length lending. In this … neither confirm that a high priority for se-cured lenders explains an excessive use of collateral in bank loans nor that a …
Persistent link: https://www.econbiz.de/10010554866
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Insolvency and Economic Development:Regional Variation and Adjustment
Fabling, Richard; Grimes, Arthur - EconWPA - 2004
This paper examines the determinants of the rate of forced insolvency in New Zealand. The study incorporates two key … variety of economic experiences over the sample period (1988–2003). Second, we explain the total rate of forced insolvency in … economic activity and regional property values (the latter representing collateral effects) reduce regional insolvencies. An …
Persistent link: https://www.econbiz.de/10005407642
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Insolvency and Economic Development: Regional Variation and Adjustment
Fabling, Richard; Grimes, Arthur - Motu: Economic & Public Policy Research - 2004
This paper examines the determinants of the rate of forced insolvency in New Zealand. The study incorporates two key … variety of economic experiences over the sample period (1988-2003). Second, we explain the total rate of forced insolvency in … economic activity and regional property values (the latter representing collateral effects) reduce regional insolvencies. An …
Persistent link: https://www.econbiz.de/10005413357
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"Arresting Financial Crises: The Fed versus the Classicals"
Humphrey, Thomas M. - Levy Economics Institute - 2013
illiquid but solvent borrowers only) against the security of sound collateral and at above-market, penalty interest rates. Deny … tarnished collateral and/or purchasing assets of questionable value, in bailing out insolvent borrowers, in extending its …
Persistent link: https://www.econbiz.de/10011141195
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Liquidity, Default and Crashes: Endogenous Contracts in General Equilibrium
Geanakoplos, John - Cowles Foundation for Research in Economics, Yale University - 2001
Introducing default and limited collateral into general equilibrium theory (GE) allows for a theory of endogenous …
Persistent link: https://www.econbiz.de/10004990661