credit during the financial crisis in the United States. We focus on mortgage lending to minimize the impact of confounding … credit. The disaggregated data on mortgage applications that we use allows us to study the time variations in banksâ …€™ decisions to grant mortgage loans, while controlling for bank, borrower, and regional characteristics. The wealth of data also …

firms and their creditors. Due to this, the capital structure of micro firms is biased towards mortgage loans, as it allows … them to avoid bankruptcy by carrying out debt enforcement via mortgage foreclosures, which are cheaper procedures than … (choice of capital structure, choice between bankruptcy and mortgage) of Spanish firms with those of firms from countries …

This Technical Note discusses key findings of the insolvency and creditor rights assessment for Lithuania. Lithuania … area of corporate insolvency, the Enterprise Bankruptcy Law and the Law on Restructuring of Enterprises are generally …

1999 to 2007. It looks at mortgage indebtedness, various characteristics of loans for house purchase, the funding of such …

the Spanish bankruptcy system relative to that of an alternative insolvency institution, the mortgage system, and the …

, namely the mortgage system, mean that firms and their creditors mainly deal with credit provision and eventual insolvency … low creditor protection of the Spanish bankruptcy system relative to those of an alternative insolvency institution … through the latter. However, in order to use the mortgage system, some firms must overinvest in capital assets (real estate …

main alternative procedure, the mortgage foreclosure; (ii) personal bankruptcy law is unattractive to the individual debtor … note that these results are based on data that do not yet capture the impact of recent reforms of the Spanish insolvency …

stability. The rise in household debt and the banking system’s increased exposure to mortgage debt resulted with the changes …