invoked by a debtor failure imposes a substantially enhanced bankruptcy risk on the creditors. The propagation mechanism is …

defaults and bankruptcy. Building on a simple model for the joint determination of the repayments of interbank claims, this …

defaults and bankruptcy. Building on a simple model for the joint determination of the repayments of interbank claims, this …

There is disagreement about whether large and complex financial institutions should be allowed to use US bankruptcy law … to reorganise when they get into financial difficulty. We look at the events surrounding the Lehman Brothers bankruptcy … filing for lessons as to whether bankruptcy law could be used to produce an orderly windup of the affairs of a failed …

I analyze whether the higher financing costs following the idiosyncratic bankruptcy or default of one firm affect the …

This thesis consists out of three essays on systemic risk in the banking system and stock market contagion. The first … contagion dominated in the US and European banking systems at the onset of the Subprime Crisis. The second essay (Döring …? Comparative impact assessment of the Tohoku earthquake 2011 and the Lehman bankruptcy 2008") contributes to the literature on …