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Liquidity, Systemic Risk, and the Bankruptcy Treatment of Financial Contracts

Mokal, Riz - 2016

Persistent link: https://www.econbiz.de/10013002918

Georgakopoulos, Nicholas L. - 2013

This essay, after highlighting the unique aspects of financial markets, offers a mostly rational account for financial crises, centering on the 2008 crisis as an example. Market participants may overestimate the duration of high productivity growth due to new technologies and produce occasional...

Persistent link: https://www.econbiz.de/10013077939

Is the Bankruptcy Code an Adequate Mechanism for Resolving the Distress of Systemically Important Institutions?

Morrison, Edward R. - 2010

Lehman's bankruptcy has triggered calls for new approaches to rescuing systemically important institutions. This essay assesses and confirms the need for a new approach. It identifies the inadequacies of the Bankruptcy Code and advocates an approach modeled on the current regime governing...

Persistent link: https://www.econbiz.de/10013149570

The Lehman Brothers Bankruptcy B : Risk Limits and Stress Tests

Wiggins, Rosalind - 2015

Investment banks are in the business of taking calculated risks. Risk management infrastructure facilitates the safe … pursuit of profits and the balancing of associated risks. By 2006, Lehman Brothers was thought to have a very respectable risk … management system, and even its regulator, the Securities and Exchange Commission, viewed its risk framework as being fully …

Persistent link: https://www.econbiz.de/10013025064

Bailout uncertainty in a microfounded general equilibrium model of the financial system

Cukierman, Alex; Izhakian, Yehuda - In: Journal of banking & finance 52 (2015), pp. 160-179

Persistent link: https://www.econbiz.de/10011377355

Derivatives Markets in Bankruptcy

Roe, Mark J. - 2013

By treating derivatives and financial repurchase agreements much more favorably than it treats other financial vehicles, American bankruptcy law subsidizes these arrangements relative to other financing channels. By subsidizing them, the rules weaken market discipline during ordinary financial...

Persistent link: https://www.econbiz.de/10013091160

Dealer financial conditions and lender-of-last-resort facilities

Acharya, Viral V.; Fleming, Michael J.; Hrung, Warren B.; … - 2014

provided liquidity against a range of assets during 2008-09. Dealers with lower equity returns and greater leverage prior to … liquidity in explaining dealer behavior. The results suggest that both financial performance and balance sheet liquidity play a …

Persistent link: https://www.econbiz.de/10010404154

Collateral-Enhanced Default Risk

Kenyon, Chris - 2013

, whilst removing credit risk transmission, systematically increase default risk …

Persistent link: https://www.econbiz.de/10013087656

How firms survive in European emerging markets : a survey

Baumöhl, Eduard; Kočenda, Evžen - 2022

We survey the empirical evidence on corporate survival and its determinants in European emerging markets. We demonstrate that (i) institutional quality is a significant preventive factor for firm survival in all sectors of the economy, which holds for small, medium and large firms alike. On the...

Persistent link: https://www.econbiz.de/10013271002

Twin default crises

Mendicino, Caterina; Nikolov, Kalin; Rubio-Ramírez, … - 2020

lending generates bank asset returns with limited upside but significant downside risk. The asymmetric distribution of these …

Persistent link: https://www.econbiz.de/10012224086

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