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This paper argues that a special bank bankruptcy regime is desirable for the efficient restructuring and/or liquidation of distressed banks. We first explore the principal features of corporate bankruptcy law. Next, we examine the specific characteristics that distinguish banks from other...
Persistent link: https://www.econbiz.de/10013118965
This paper argues that a special bank bankruptcy regime is desirable for the efficient restructuring and/or liquidation of distressed banks. We first explore the principal features of corporate bankruptcy law. Next, we examine the specific characteristics that distinguish banks from other...
Persistent link: https://www.econbiz.de/10013126054
macroeconomic indicators. -- Liquidity and leverage ; financial crises, asset pricing ; information and market efficiency …
Persistent link: https://www.econbiz.de/10009419529
Persistent link: https://www.econbiz.de/10009268929
The present study is centered primarily on determining whether the German banking system is to be characterized by procyclical behavior from 2000 to 2011 and to what extent specific sectors of the German banking system showed significant balance sheet operations to increase their leverage within...
Persistent link: https://www.econbiz.de/10010286583
establish a strong regulatory framework to prevent liquidity shortages of retail funds. -- Liquidity risk ; financial fragility …
Persistent link: https://www.econbiz.de/10009409400
-the-counter markets for liquidity in Germany: the interbank market for credit and for derivatives. We use end-of-quarter data from the …
Persistent link: https://www.econbiz.de/10010405454
Persistent link: https://www.econbiz.de/10003785477
Persistent link: https://www.econbiz.de/10012035112
concerns over asset liquidity or issuer solvency. To precisely identify the relative contribution of these two effects in … interest rate spreads, this paper uses a model-free measure of euro-area bond market liquidity. Liquidity accounts for 36% of … default risk. Aggregate bond liquidity also explains a substantial portion of interbank spreads …
Persistent link: https://www.econbiz.de/10012857617