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Commercial Real Estate, Distress and Financial Resolution : Portfolio Lending versus Securitization

Downs, David H. - 2015

This paper examines the contrasting influence of portfolio lending and securitization in the resolution of distressed commercial real estate. The empirical analysis utilizes a large and unique data set of distressed commercial mortgages. The data set is constructed based on the recent financial...

Persistent link: https://www.econbiz.de/10013016408

Liquidity, Default and Crashes : Endogenous Contracts in General Equilibrium

Geanakoplos, John - 2003

The possibility of default limits available liquidity. If the potential default draws nearer, a liquidity crisis may … endogenous contracts, including endogenous margin requirements on loans. This in turn allows GE to explain liquidity and … liquidity crises in equilibrium. A formal definition of liquidity is presented. When new information raises the probability and …

Persistent link: https://www.econbiz.de/10014125051

Financial liquidity as a factor determining the economic condition of companies on the capital market in relation to bankruptcy law in Poland

Bolek, Monika; Gniadkowska-Szymańska, Agata - In: E-Finanse : finansowy kwartalnik internetowy 15 (2019) 1, pp. 1-9

The aim of this article is to present financial liquidity as a factor affecting the economic condition of the companies … impact of liquidity on the increase in earnings per share and return on assets, indicators can be used to assess the economic … liquidity results in an increase in the value of an economic entity and, therefore, its good economic condition, but the effect …

Persistent link: https://www.econbiz.de/10011993141

From fault tree to credit risk assessment : a case study

Gatfaoui, Hayette - 2004 - This draft: September 2004

Reliability has been largely applied to industrial systems in order to study the various possibilities of systems’ failure. The goal is to establish the chain of events leading to any system’s failure, namely the top event. Looking for the minimal paths leading to any system’s fault allows...

Persistent link: https://www.econbiz.de/10011513074

Leveraged Buyout Bankruptcies, the Problem of Hindsight Bias, and the Credit Default Swap Solution

Simkovic, Michael - 2011

Persistent link: https://www.econbiz.de/10013133364

Credit Card Reform and Bankruptcy Reform

Simkovic, Michael - 2012

Consumer advocates won a victory with the passage of the Credit Card Accountability Responsibility and Disclosure Act of 2009. (Credit Card Act). The Credit Card Act bans certain pricing practices that were confusing to credit card users. Ironically, the seeds of this legislative victory may...

Persistent link: https://www.econbiz.de/10013116346

Modeling the Credit Card Revolution : The Role of Debt Collection and Informal Bankruptcy

Drozd, Lukasz A. - 2013

In the data, most consumer defaults on unsecured credit are informal and the lending industry devotes significant resources to debt collection. We develop a new theory of credit card lending that takes these two features into account. The two key elements of our model are moral hazard and costly...

Persistent link: https://www.econbiz.de/10013083014

Consumer Bankruptcy and Default : The Role of Individual Social Capital

Agarwal, Sumit - 2010

In this paper, we empirically assess the role of individual social capital on personal bankruptcy and default outcomes in the consumer credit market. After controlling for a borrower's risk score, debt, income, wealth, and legal and economic environments, we find that default/bankruptcy risk...

Persistent link: https://www.econbiz.de/10013152679

The Bankruptcy Auction as a Game - Designing an Optimal Auction in Bankruptcy

Rotem, Yaad; Dekel, Omer - 2013

Bankruptcy auctions have become a preferred practice in bankruptcy, frequently used to maximize the value of the distressed assets for the claimants’ benefit. Still, what is the optimal design of a bankruptcy auction? Does the method used to execute a bankruptcy auction matter at all? Does one...

Persistent link: https://www.econbiz.de/10014157553

Default and Punishment in General Equilibrium

Dubey, Pradeep K.; Geanakoplos, John; Shubik, Martin - 2003

We extend the standard model of general equilibrium with incomplete markets to allow for default and punishment by thinking of assets as pools. The equilibrating variables include expected delivery rates, along with the usual prices of assets and commodities. By reinterpreting the variables, our...

Persistent link: https://www.econbiz.de/10014128751

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