This paper empirically investigates the relationship between the speed of buildup of private debt (household and … basis of how quickly their private debt builds up. In addition to output recessions, we look at consumption and investment … corporate debt is especially damaging for emerging markets during financial recessions. A higher ratio of debt to gross domestic …

In this paper we empirically explore the relationship between debt and output in a panel of 72 countries over the … predicted by a standard small open economy model by Aguiar and Gopinath (2007), where debt and output endogenously respond to … total factor productivity (TFP) shocks. First, developing countries' debt falls after a positive output shock, while the …

, especially in times of crisis. This paper presents the receivables/debts management system known as Debt Collection Prevention … and in shaping managerial decisions with- and without the application of the Debt Collection Prevention system, which can …

and borrowers ample reason to care whether nonperforming debts are restructured. One implication of the way in which debt … argument is moral hazard, but (unlike in much of the recent literature of emerging market debt problems) what is central here …

In this paper we build a theoretical model of a firm repurchasing its corporate debt. We find that firm creditors as a … group sell debt to the firm only at face value. However, because of the cross-creditor externalities buying back debt is … cheaper and easier when there are many creditors, e.g., when debt is traded on the open market. We further show that …