forgiving personal bankruptcy law are less relevant for wealthy potential entrepreneurs who still risk losing their wealth, but … tend not to face higher interest rates because they provide collateral. This paper illustrates these effects in a model and … tests the hypotheses derived by exploiting the introduction of a “fresh start” policy in Germany in 1999 as a natural …

forgiving personal bankruptcy law are less relevant for wealthy potential. - entrepreneurs who still risk losing their wealth …, but tend not to face higher interest rates because they provide collateral. This paper illustrates these effects in a … model and tests the hypotheses derived by exploiting the introduction of a "fresh start" policy in Germany in 1999 as a …

forgiving personal bankruptcy law are less relevant for wealthy potential entrepreneurs who still risk losing their wealth, but … tend not to face higher interest rates because they provide collateral. This paper illustrates these effects in a model and … tests the hypotheses derived by exploiting the introduction of a "fresh start" policy in Germany in 1999 as a natural …

forgiving personal bankruptcy law are less relevant for wealthy potential entrepreneurs who still risk losing their wealth, but … tend not to face higher interest rates because they provide collateral. This paper illustrates these effects in a model and … tests the hypotheses derived by exploiting the introduction of a "fresh start" policy in Germany in 1999 as a natural …

forgiving personal bankruptcy law are less relevant for wealthy potential entrepreneurs who still risk losing their wealth, but … tend not to face higher interest rates because they provide collateral. This paper illustrates these effects in a model and … tests the hypotheses derived by exploiting the introduction of a "fresh start" policy in Germany in 1999 as a natural …

forgiving personal bankruptcy law are less relevant for wealthy potential. - entrepreneurs who still risk losing their wealth …, but tend not to face higher interest rates because they provide collateral. This paper illustrates these effects in a … model and tests the hypotheses derived by exploiting the introduction of a "fresh start" policy in Germany in 1999 as a …

forgiving personal bankruptcy law are less relevant for wealthy potential entrepreneurs who still risk losing their wealth, but … tend not to face higher interest rates because they provide collateral. This paper illustrates these effects in a model and … tests the hypotheses derived by exploiting the introduction of a fresh start policy in Germany in 1999 as a natural …

forgiving personal bankruptcy law are less relevant for wealthy potential entrepreneurs who still risk losing their wealth, but … tend not to face higher interest rates because they provide collateral. This paper illustrates these effects in a model and … tests the hypotheses derived by exploiting the introduction of a 'fresh start' policy in Germany in 1999 as a natural …

wealth insurance and collateral channels, respectively, and where local banks are better able to determine borrower type …