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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
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
How does bank distress impact their customers' probability of default and trade credit availability? We address this question by looking at a unique sample of German firms from 2000 to 2011. We follow their firm-bank relationships through times of distress and crisis, featuring the different...
Persistent link: https://www.econbiz.de/10012860838