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insolvency resolutions have changed substantially under FDICIA. The average interval between bank examinations has dropped for … insolvency-resolution process. Consistent with an hypothesis that FDICIA has improved incentives, our data show that a markedly …
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a special regime of bank insolvency that places their failure outside the jurisdiction of bankruptcy courts. In 1976 …, Robert Clark observed that "[t]he theory behind special insolvency proceedings for financial intermediaries appears not to … entirely failed even to notice the existence of a special bank insolvency regime....Few would think that the neglect is still …
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objectives that are fundamentally different from the objectives of normal insolvency law. Because of the dramatic paradigm shift … normal insolvency law dichotomy of liquidation vs. preservation or reorganisation. Nonetheless, normal insolvency law will … the BRRD's bank resolution rules and remain applicable to bank insolvency situations where specific bank resolution rules …
Persistent link: https://www.econbiz.de/10013054004
Exploiting the timing of the 2005-06 Italian bankruptcy law reforms, we disentangle the effects of reorganization and liquidation in bankruptcy on bank financing and firms' investment. A 2005 reform introduces procedures facilitating loan renegotiation. The 2006 reform subsequently strengthens...
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The paper investigates the effect of legal change on the lending behavior of banks in twelve transition economies. First, we find that banks increase the supply of credit subsequent to legal change. Second, changes in collateral law matter more for increases in bank lending than do changes in...
Persistent link: https://www.econbiz.de/10013148425
of government in the insolvency-resolution process. Consistent with an hypothesis that FDICIA has improved incentives … transitions and the character of insolvency resolutions have changed substantially under FDICIA. The average interval between bank …
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