The "Centre of Main Interests" ("COMI") is one of the most relevant concepts in the international insolvency scene. It … is used as the main criterion to assign jurisdiction in cross border insolvency cases in the vast majority of the … European countries, the United States and every state that has incorporated UNCITRAL's Model Law on Cross Border Insolvency …

We investigate the importance of the housing-based collateral lending channel on firm borrowing, investment and … opacity, and therefore the degree of their reliance on collateral to overcome borrowing constraints. We find that changing … collateral more important …

estate collateral. This is most pronounced for opaque (for example, very young) firms. Through an extension to our model and … our choice of specification, we show that our findings are most consistent with a collateral-value-based credit supply …