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Can asset reconstruction companies (ARCs) be part solution to the Indian debt problem?
Bhagwati, Jaimini; Khan, M. Shuheb; Bogathi, … - 2017
The Indian debt overhang issue is one of the major reasons that fresh investments are currently not being made in the scale required to promote higher growth and boost employment. Among banks the public sector banks (PSBs) are burdened with the bulk of net non-performing loans (NNPAs). These...
Persistent link: https://www.econbiz.de/10011638458
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Sovereign Debt in an Economic Union : A Model of Bailouts and Contagion
Perazzi, Elena - 2016
of 2007-2008.Two borrowing countries share a bailout guarantee by an institution with limited lending capacity. Contagion … occurs as one country needing (or being perceived as close to needing) a bailout diminishes the prospects of another country … receiving a bailout as well.We investigate how the availability of bailouts affects the probability of a debt crisis and find …
Persistent link: https://www.econbiz.de/10013005610
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China as an international lender of last resort
Horn, Sebastian; Parks, Bradley; Reinhart, Carmen M.; … - 2023 - First draft: March 2023
by the People’s Bank of China is increasingly used as a financial rescue mechanism, with more than USD 170 billion in … together, China’s overseas bailouts correspond to more than 20 percent of total IMF lending over the past decade and bailout …
Persistent link: https://www.econbiz.de/10014247738
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Debt overhang and bank bailouts
Wilson, Linus - In: International journal of monetary economics and finance 5 (2012) 4, pp. 395-414
Persistent link: https://www.econbiz.de/10009725914
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Recovery and reduction of non-performing loans : Podgorica approach
Stijepović, Ristan - In: Journal of central banking theory and practice 3 (2014) 3, pp. 101-118
Persistent link: https://www.econbiz.de/10010415940
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The European sovereign debt crisis : what have we learned?
Kräussl, Roman; Lehnert, Thorsten; Stefanova, Denitsa - 2016
Persistent link: https://www.econbiz.de/10011565485
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Sovereign credit risk co-movements in the eurozone : simple interdependence or contagion? ; conference paper
Buchholz, Manuel; Tonzer, Lena - 2014
Since the onset of the eurozone sovereign debt crisis, credit risk spreads in Europe have diverged. Despite this divergence, credit risk comoves strongly within certain country groups such as the eurozone periphery. We seek to answer what the determinants of the observed pattern of credit risk...
Persistent link: https://www.econbiz.de/10010486057
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Too unexpected to fail : bail-out policy and sudden freezes
Daripa, Arupratan - 2015
Persistent link: https://www.econbiz.de/10011293651
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Private overborrowing under sovereign risk
Arce, Fernando - 2022
This paper proposes a quantitative theory of the interaction between private and public debt in an open economy. Excessive private debt increases the frequency of financial crises. During such crises the government provides fiscal bailouts financed with risky public debt. This response may cause...
Persistent link: https://www.econbiz.de/10013194400
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Self-inflicted debt crises
Dimopoulos, Theodosios; Schürhoff, Norman - 2021
borrowers misprice the option to default with a U-shaped negative pricing error. The myopia discount changes the optimal bailout … policy. Myopia gets punished when the distortions from default mispricing outweigh the future bailout costs, resulting in … procrastinated default and protracted crises. The model shows that (i) myopia is an important determinant for bailout policy, (ii …
Persistent link: https://www.econbiz.de/10012487611