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Rasmouki, Fanou - 2015

Persistent link: https://www.econbiz.de/10011547068

Credit Fire Sales : Captive Lending as Liquidity in Distress

Benetton, Matteo; Mayordomo, Sergio; Paravisini, Daniel - 2021

We study the role of captive finance in the car loan market when manufacturers' liquidity demand increases. Using a new … multi-country dataset on securitized car loans, we show that captive lending enables a liquidity constrained integrated … exploit quasi-exogenous variation in manufacturers' liquidity cost and need following the Volkswagen emissions scandal to …

Persistent link: https://www.econbiz.de/10013239503

Banking reform

Jackson, Patricia; Davies, Howard; Miles, David; … - SUERF Conference on Banking Reform <2015, London>; … - 2016

On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...

Persistent link: https://www.econbiz.de/10011554963

Loss Given Default of Corporate Bank Loans : Large Scale Evidence from Europe

Deborgies-Sanches, Laurence D. M. - 2014

).We explain W-LGDs by means of: the degree of redeployability/liquidity of companies' assets, conflicts of interest between (un …

Persistent link: https://www.econbiz.de/10013067402

Breaking the shackles : zombie firms, weak banks and depressed restructuring in Europe

Andrews, Dan; Petroulakis, Filippos - 2019

This paper explores the connection between "zombie" firms (firms that would typically exit in a competitive market) and bank health and the consequences for aggregate productivity in 11 European countries. Controlling for cyclical effects, the results show that zombie firms are more likely to be...

Persistent link: https://www.econbiz.de/10011975568

Renegotiable debt, liquidity injections and financial instability

Doh, Hyun Soo; Feng, Guanhao - In: Journal of derivatives and quantitative studies 32 (2024) 3, pp. 182-199

This paper develops a debt-run model to study the effects of liquidity injections on debt markets in the presence of a … terms of debt. We show that when equityholders have a large bargaining power, liquidity injections into distressed firms can …

Persistent link: https://www.econbiz.de/10015055030

A viable insolvency procedure for sovereigns in the euro area

Fuest, Clemens; Heinemann, Friedrich; Schröder, Christoph - In: Journal of common market studies : JCMS 54 (2016) 2, pp. 301-317

Persistent link: https://www.econbiz.de/10011442013

Brexit und Grexit : Voraussetzungen eines Austritts

Stieber, Kea-Sophie (ed.) - 2015

Persistent link: https://www.econbiz.de/10011443011

Myths and self-deceptions about the Greek debt crisis

Skaperdas, Stergios - In: Revue d'économie politique 125 (2015) 6, pp. 755-785

Persistent link: https://www.econbiz.de/10011480604

A viable insolvency procedure for sovereigns (VIPS) in the euro area

Fuest, Clemens; Heinemann, Friedrich; Schröder, Christoph - 2014

A mechanism to restructure the debt of an insolvent euro country is a missing element in the emerging institutional architecture of the euro area. The introduction of an insolvency procedure for sovereigns faces a dilemma: In the foreseeable future, its introduction would risk pushing Europe...

Persistent link: https://www.econbiz.de/10010394484

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