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to smooth consumption over time and because they provide collateral and liquidity services. We characterize a recursive … and contemporaneous costs due to lost collateral and liquidity are essential to generate these empirically plausible …
Persistent link: https://www.econbiz.de/10010491142
Persistent link: https://www.econbiz.de/10011868546
and How to Escape from it / Ernst-Moritz Lipp -- Legal Analysis of the Eurozone Crisis / Christian Hofmann -- Reflections … from Insolvency Proceedings / Jay L. Westbrook -- A Skeptic's Case for Sovereign Bankruptcy / Anna Gelpern …
Persistent link: https://www.econbiz.de/10010367041
discussion of the actual implications for liquidity. In this paper, we provide an approximation of the liquidity development in … information about liquidity risk. …
Persistent link: https://www.econbiz.de/10010339318
This book investigates the taxation of companies under economic and financial distress. A company in economic distress has no or low profitability and a low going-concern value. On the other hand, a company in financial distress is a viable entity with current, but not necessarily long-term,...
Persistent link: https://www.econbiz.de/10014362846
Bank liability guarantee schemes have traditionally been viewed as costless measures to shore up investor confidence and stave off bank runs. However, as the experience of some European countries, most notably Ireland, has demonstrated, the credibility and effectiveness of these guarantees is...
Persistent link: https://www.econbiz.de/10010344594
Die Frage der Staateninsolvenz ist durch die gegenwärtige Finanzkrise besonders aktuell. Gleichwohl handelt es sich …, ökonomischer und juristischer Sicht. Dabei werden Modelle für die Insolvenz von Gebietskörperschaften als mögliche Vorbilder für …
Persistent link: https://www.econbiz.de/10009733794
Persistent link: https://www.econbiz.de/10009152002
On 5-6 September 2012 SUERF held its 30th Colloquium "States, Banks, and the Financing of the Economy" at the University of Zürich, Switzerland. The papers included in this SUERF Study are based on contributions to the Colloquium. All the chapters in this publication discuss from different...
Persistent link: https://www.econbiz.de/10011711721