Narrow search
Showing 1 - 10 of 26,846
Cover Image
Conceptualizing the Failure of Financial Institutions and the Role of Risk Management in Averting Failure : The CLS Model
Bezis, Justin N. - 2013
The failure of financial institutions is often depicted as an externally-driven event in which certain triggers almost inevitably lead to the collapse of the firm. In contrast, this paper views institutional failure as a multistage process in which precautionary measures taken by the firm can...
Persistent link: https://www.econbiz.de/10013089043
Cover Image
Chapter 6. Law and Finance After a Decade of Research
La Porta, Rafael; Lopez-de-Silanes, Florencio; … - 2013
In the last dozen years, economists have produced a considerable body of research suggesting that the historical origin of a country’s laws is highly correlated with a broad range of its legal rules and regulations, as well as with economic outcomes. Much of this research has dealt with rules...
Persistent link: https://www.econbiz.de/10014025558
Cover Image
Climate Change, Strict Pareto Improvements in Welfare and Multilateral Income Transfers
Kotsogiannis, Christos - 2018
This paper explores the role of multilateral transfers in achieving strict Pareto improvements in welfare, focusing on identifying conditions under which their use is warranted when carbon prices differ internationally and there are impediments to international trade. Using a general equilibrium...
Persistent link: https://www.econbiz.de/10012923514
Cover Image
Redistribution between Rich and Poor Countries
Stewart, Miranda - 2018
The topic of redistribution between rich and poor countries opens a can of worms. This paper first inquires into what … we mean by some of these words and second, considers the role of taxation in redistribution. It briefly considers the … various modes of redistribution to address poverty and inequality, including the role of taxation, within a country before …
Persistent link: https://www.econbiz.de/10012925020
Cover Image
The inequality-growth relationship : an empirical reassessment
Kolev, Galina V.; Niehues, Judith - 2016 - Working paper version
Recently, some influential empirical studies found evidence in favour of a negative relationship between income inequality and economic growth, implying the conclusion that inequality reducing policies will foster economic growth. The studies have in common that they all rely on the System GMM...
Persistent link: https://www.econbiz.de/10011627022
Cover Image
Specialized Insolvency Regimes for Islamic Banks : Regulatory Prerogative and Process Design
Abdelhady, Hdeel - 2016
Persistent link: https://www.econbiz.de/10013002875
Cover Image
Cooperation in International Bankruptcy : A Post-Universalist Approach
LoPucki, Lynn M. - 2006
This article examines the several competing systems proposed for international cooperation in the bankruptcy cases of multinational companies and concludes that a cooperative form of territoriality would work best. Universalism, the system that currently dominates the scholarship, diplomacy, and...
Persistent link: https://www.econbiz.de/10014211605
Cover Image
Strategic Default and Equity Risk Across Countries
Favara, Giovanni - 2013
more shareholder bargaining power relative to debt holders. These relations weaken as the country's insolvency procedure …
Persistent link: https://www.econbiz.de/10013094469
Cover Image
Protection of Creditors
Hazarika, Daizi - 2013
Creditors, though, are not regarded as the members of a company, yet the role they play in maintaining a company cannot be denied. They are the sole functionaries of the company, in one word. They provide credit to the company for running its business, as without finance a company holds no...
Persistent link: https://www.econbiz.de/10013073091
Cover Image
Towards a Transnational Model of Bankruptcy Law?
Cavallini, Cesare; Gaboardi, Marcello - 2023
For a long time, the European insolvency laws have been considered as country-specific regulations, entirely focused on … supranational legal sources. But the European Union (E.U.) law has gradually modified the approach to insolvency proceedings. The E ….U. approach to the harmonization of national laws on insolvency proceedings has been twofold. Initially, the E.U. legislature has …
Persistent link: https://www.econbiz.de/10014260794