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Why do banks remain passive? In a model of bank-firm relationship we study the trade-off a bank faces when having defaulting firms declared bankrupt. First, the bank receives a payoff if a firm is liquidated. Second, it provides information about a firm's type to its competitors. Thereby,...
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A book review of a history of bankruptcy in the United States told through an interdisciplinary lens of law, history … and economics. The main contribution of this book is to evaluate changes in federal bankruptcy rates and bankruptcy law in … relation to state collections law. Bankruptcy in America is is the first book to consistently construct and evaluate state …
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Why do banks remain passive? In a model of bank-firm relationship we study the trade-off a bank faces when having defaulting firms declared bankrupt. First, the bank receives a payoff if a firm is liquidated. Second, it provides information about a firm's type to its competitors. Thereby,...
Persistent link: https://www.econbiz.de/10013316824
"In Bankrupt in America, Mary and Brad Hansen show that examination of how Americans have used bankruptcy law and the … history of the law itself offers important perspective on the history of bankruptcy in America. Using new statistical and … documentary evidence, they illustrate the cycles of interaction between bankruptcy law's use and its own evolution. The authors …
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