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This paper represents a first attempt at a tractable analysis of how monetary policy influences the income distribution in an economy. It presents a monetary growth model in which inflation affects credit market efficiency, and via this link, influences capital accumulation, and the income...
Persistent link: https://www.econbiz.de/10009418926
Gründungen, Liquidationen und Insolvenzen sind wichtige Elemente der Wirt-schaftsdynamik. Das IfM Bonn beleuchtet das Gründungs- und Liquidations-geschehen in Deutschland mit verschiedenen Schwerpunkten.In Deutschland gibt es allerdings keine einheitliche Definition von Gründungen und...
Persistent link: https://www.econbiz.de/10009418964
In spring 2010 the Euro-crisis culminated with the threatening state insolvency of Greece and Ireland. By high billion …
Persistent link: https://www.econbiz.de/10009418967
-liquidation insolvency proceedings, usually referred to as reorganization. Using the ECJ case law on the Directive, I conclude that although … capital do not present an insurmountable hurdle to the adoption of rational corporate insolvency law. As a side note, I also …
Persistent link: https://www.econbiz.de/10010322155
This study is aimed at developing new empirical models for evaluating the efficiency of bankruptcy legislations. The paper is divided in three parts. In the first part, we analyze from a conceptual point of view the effects on debtor firms of the lack of creditors' powers in bankruptcy. In the...
Persistent link: https://www.econbiz.de/10011689917
Sanierungswege, z. B. das eigenverwaltete Schutzschirmverfahren vor der Insolvenz und die Eigenverwaltung während des …With the introduction of the ESUG law, German insolvency legislation was reformed in 2012. It offers new proceedings … for enterprise re-organisation, both before insolvency and between the application for insolvency and the start of the …
Persistent link: https://www.econbiz.de/10011818046
The paper analyses options in case of insolvency. Although insolvency plans empirically are very successful, they are …
Persistent link: https://www.econbiz.de/10008479035
In the era of Basel II a powerful tool for bankruptcy prognosis isvital for banks. The tool must be precise but also easily adaptable tothe bank's objections regarding the relation of false acceptances (TypeI error) and false rejections (Type II error). We explore the suitabil-ity of Smooth...
Persistent link: https://www.econbiz.de/10005860752
Jahresabschlüssen von Kapitalgesellschaften abgeleitet werden können. In der aktuellen Praxis der empirischen Insolvenz- und …
Persistent link: https://www.econbiz.de/10005860996
This paper proposes a rating methodology that is based on a non-linear classification method, the support vector machine, and a non-parametric technique for mapping rating scores into probabilities of default. We give an introduction to underlying statistical models and represent the results of...
Persistent link: https://www.econbiz.de/10005861009