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.Für derartige Konstellationen eignet sich das Modell der ökonomischen Abschreibung, wo sich dieperiodische Abschreibung nicht nach … Tagesgebraucht- oder Wiederbeschaffungsrestwerten.Das zentrale Merkmal der ökonomischen Abschreibung liegt darin, dass in … jederPeriode die Differenz zwischen den Tagesgebrauchtwerten abgeschrieben wird. Wie bei den Verfahrender Abschreibung von …
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According to housing investment models, house prices and replacement cost should have an equilibrating relationship. Previous empirical work - mainly based on aggregate-level data - has found only little evidence of such a relationship. By using a unique data set, covering transactions of...
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Empirical evidence suggests that banks often engage in refinancing of intrinsically insolvent debtors instead of writing of their non-performing loans. Such forbearance lending may induce soft budget constraints for the debtors, as it diminishes their incentives to thwart default. This paper...
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