Agency problem between shareholders and creditors can be reduced by two mechanisms namely reputation-building and debt …

, eds.), provides an introduction to the law and economic theory relating to creditors and debt governance.The chapter …, the effect of an illiquid credit market on creditors’ reliance on covenants and monitoring. It then turns to changes in …

wage workers and creditors. When inflation rears its head, both groups try to bolster their income. But they rarely have … benefit workers at the expense of creditors. Since the 1970s, however, the reverse has been true; inflation has systematically … benefited creditors at the expense of workers. So what changed? Two things. First, the US labor movement was crushed. Second …

This paper is part of a dialogue with Blair Fix on how inflation redistributes income between creditors and workers and … the way in which monetary policy affects this process. In his 2023 paper, ‘Inflation! The Battle Between Creditors and … (favouring workers during some periods and creditors in others); and second, that since the 1970s, Fed policy to combat inflation …