may lead to the bankruptcy of its repo counterparties triggering contagion across asset classes. To buttress the …

obtain precise time-specific estimates of the bankruptcy cost parameter and consistently reject the null hypothesis of …

bankruptcy procedures should address the role for capital contributions by owner managers as well. …This paper examines the implications of bankruptcy law for owner managed firms. These firms are typically (i) smaller … source of capital contributions if the firm is in financial distress. The terms of such capital infusions, codified as the …

The CLASS model is a top-down capital stress testing framework that projects the effect of different macroeconomic … industry capital gap relative to a target ratio at different points in time under a common stressful macroeconomic scenario …. This estimated capital gap began rising four years before the financial crisis and peaked at the end of 2008. The gap has …