Showing 1 - 10 of 134,184
We investigate the propagation of contagion through banks' balance sheets in a two-country model. We simulate an increase in non-performing loans in one bank, and study the effects on other banks and the macro economy of each country. We show that credit crunches destabilize each economy in the...
Persistent link: https://www.econbiz.de/10013119825
This study investigates the potential relationship between bankruptcy risks, and financial and non-financial characteristics in small businesses. Given the importance of small businesses to a country's economy, identifying factors that leads to small business bankruptcy is important for...
Persistent link: https://www.econbiz.de/10013105698
This paper examines the determinants of the rate of forced insolvency in New Zealand. The study incorporates two key … variety of economic experiences over the sample period (1988-2003). Second, we explain the total rate of forced insolvency in …
Persistent link: https://www.econbiz.de/10014072290
This paper investigates how the process of going bankrupt can be recognized much earlier by enterprises than by traditional forecasting models. The presented studies focus on the assessment of credit risk classes and on determination of the differences in risk class migrations between...
Persistent link: https://www.econbiz.de/10012270447
Insolvency systems play a crucial role in protection of creditor rights, yet micro-level empirical evidence on the … functioning of insolvency regimes worldwide is sparse. We investigate whether creditors' recovery of outstanding claims, a measure … of ex-post efficiency of an insolvency regime, depends on the characteristics of the trustee delegated the administration …
Persistent link: https://www.econbiz.de/10011518156
How does bank distress impact their customers' probability of default and trade credit availability? We address this question by looking at a unique sample of German firms from 2000 to 2011. We follow their firm-bank relationships through times of distress and crisis, featuring the different...
Persistent link: https://www.econbiz.de/10012108717
Persistent link: https://www.econbiz.de/10009732956
Persistent link: https://www.econbiz.de/10012623238
This paper examines the negative externalities that may occur when a large bank fails, describes the nature of those externalities, and explores whether they may be greater in a case involving a large cross-border banking organization. The analysis suggests that the chief negative externalities...
Persistent link: https://www.econbiz.de/10003730539
judicial system. -- distressed debt ; insolvency ; financial crisis …
Persistent link: https://www.econbiz.de/10003928000