Showing 1 - 10 of 25,824
Persistent link: https://www.econbiz.de/10000829938
Persistent link: https://www.econbiz.de/10010370375
Persistent link: https://www.econbiz.de/10001183925
Persistent link: https://www.econbiz.de/10014560609
We develop a sovereign default model with debt renegotiation in which interest-rate shocks affect default incentives through two mechanisms. The first is the standard mechanism through which higher rates tighten the budget constraint. The second rests on how risk-free rates affect lenders'...
Persistent link: https://www.econbiz.de/10014451360
"Financial systems are inherently fragile because of the very function which makes them valuable: liquidity … transformation. Regulatory reforms can strengthen the financial system and decrease the risk of liquidity crises, but they cannot … between monetary policy and liquidity transformation 'optimal' monetary policy would consist of a modified Taylor rule in …
Persistent link: https://www.econbiz.de/10003995041
Persistent link: https://www.econbiz.de/10008656276
Persistent link: https://www.econbiz.de/10001487802
It is well established in a number of Commonwealth jurisdictions that company directors are subject to a duty to consider the interests of creditors as the company nears insolvency. The precise contours of this duty are, however, indeterminate. Particular questions surround when the duty arises...
Persistent link: https://www.econbiz.de/10013243083
Persistent link: https://www.econbiz.de/10012237999