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Impact of Financial Crisis on Lending in Romania. Analysis for the Period 2007-2012

Netoiu, Lavinia Maria; Netoiu, Titu; Meita, Nela Loredana - In: Finante - provocarile viitorului (Finance - Challenges … 1 (2013) 15, pp. 111-117

Non-performing loans are a reality of Romanian economy. The period 2006-2009 was characterized by easy crediting … conditions and a boom in terms of personal loans and mortgages, which were followed by the economic crisis that struck Romania … and triggered the emergence of bad loans and their growth in a rhythm described as alarming. Banks, under these conditions …

Persistent link: https://www.econbiz.de/10010734558

Sukuk Defaults: On Distress Resolution in Islamic Finance

van Wijnbergen, Sweder; Zaheer, Sajjad - 2013

happened recently in the aftermath of the worldwide credit crisis that has engulfed the world since 2007. These case studies …

Persistent link: https://www.econbiz.de/10010326475

Risk spillover among hedge funds: The role of redemptions and fund failures

Klaus, Benjamin; Rzepkowski, Bronka - 2009

This paper aims at analysing the mortality patterns of hedge funds over the period January 1994 to May 2008. In particular, we investigate the extent to which a spillover of risk among hedge funds through redemptions and failures of other funds has affected the probability of fund failure. We...

Persistent link: https://www.econbiz.de/10011605158

A dynamic theory of mutual fund runs and liquidity management

Zeng, Yao - 2017

I model an open-end mutual fund investing in illiquid assets and show that the fund's endogenous cash management can generate shareholder runs even with a flexible NAV. The fund optimally re-builds its cash buffers at time t + 1 after outflows at t to prevent future forced sales of illiquid...

Persistent link: https://www.econbiz.de/10011984825

The Adjustment of Credit Ratings of Defaulted Issuers

Güttler, André; Wahrenburg, Mark - 2005

We provide insights into determinants of the rating level of 371 issuers which defaulted in the years 1999 to 2003, and into the leader-follower relationship between Moody's and S&P. The evidence for the rating level suggests that Moody's assigns lower ratings than S&P for all observed periods...

Persistent link: https://www.econbiz.de/10010263316

At the End of the Waterfall – Resolvability of Central Counterparties

Gárdos, Péter - In: Credit and Capital Markets – Kredit und Kapital 54 (2021) 4, pp. 505-531

After the prudential requirements introduced by EMIR in 2012, the European Union took a further step when it adopted a regulation in 2021 on the framework for the recovery and resolution of central counterparties. The regulation is based on the bank recovery and resolution directive of 2014....

Persistent link: https://www.econbiz.de/10014523282

Risk spillover among hedge funds

Klaus, Benjamin; Rzepkowski, Bronka - 2009

Persistent link: https://www.econbiz.de/10009640467

Crypto exchanges and credit risk: Modeling and forecasting the probability of closure

Fantazzini, Dean; Calabrese, Raffaella - In: Journal of Risk and Financial Management 14 (2021) 11, pp. 1-23

While there is increasing interest in crypto assets, the credit risk of these exchanges is still relatively unexplored. To fill this gap, we considered a unique dataset of 144 exchanges, active from the first quarter of 2018 to the first quarter of 2021. We analyzed the determinants surrounding...

Persistent link: https://www.econbiz.de/10013201199

The failure of Chinese peer-to-peer lending platforms: Finance and politics

He, Qing; Li, Xiaoyang - 2020

We investigate the influence of financial and political factors on peer-to-peer (P2P) platform failures in China's online lending market. Using a competing risk model for platform survival, we show that large platforms, platforms with listed firms as large shareholders, and platforms with better...

Persistent link: https://www.econbiz.de/10012614249

Resolving financial distress where property rights are not clearly defined: The case of China

Franks, Julian R.; Miao, Meng; Sussman, Oren - 2022

We use data on financially distressed Chinese companies in order to study a debt market where property rights are crudely defined and poorly enforced. To help with identification we use an event where a business-friendly province published new guidelines regarding the administration and...

Persistent link: https://www.econbiz.de/10014000484

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