the bankruptcy code in Germany, that effectively removes their potential impact on CDS firms. Using a unique dataset on …

The phenomenon of enterprises bankruptcy is an extremely complex process of economic, legal, social and even … psychological nature. In the developed countries, the first studies on forecasting bankruptcy date to the early 20th century. In … incline the Authors to make an attempt to identify the scale of the bankruptcy processes in the states of the Visegrad Group …

access to unsecured credit (because of bankruptcy costs) and aggregate shocks, we show that the cyclical behavior of … credit match the sizes of credit and bankruptcy volatilities. We also find that when the right to file for bankruptcy does …