Results 1 to 10 of about 137,889 (326)
Creditor Protection and Financial Cycles [PDF]
SSRN Electronic Journal, 2001 We develop a model in which the elasticity of credit to exogenous shocks depends on creditor rights regulations. We show that an increase in creditor protection reduces the elasticity of credit supply to exogenous shocks, and hence the amplitude of the credit cycle.
Arturo Galindo, Alejandro Micco
+10 more sources
Testing Creditor Moral Hazard in Sovereign Bond Markets: A Unified Theoretical Approach and Empirical Evidence [PDF]
, 2004 This paper critically evaluates the existing empirical literature on creditor moral hazard in sovereign bond markets, proposes a unified theoretical approach to test for IMF-induced creditor moral hazard, and provides empirical evidence, using daily ...
Ayşe Y. Evrensel, Ali M. Kutan
core +6 more sources
Creditor Protection and Credit Volatility [PDF]
SSRN Electronic Journal, 2005 This paper studies the relationship between creditor protection and credit volatility. During the negative phase of the business cycle, credit contracts more in countries with poor creditor protection. For similar shocks to business conditions, credit is more volatile in countries where creditors are weakly protected.
Arturo Galindo, Alejandro Micco
openalex +12 more sources
Creditor Concentration: An Empirical Investigation [PDF]
European Economic Review, 2007 Most of the literature on multiple banking assumes equal financing shares. However, unequal, asymmetric or concentrated bank borrowing is widespread, and creditor concentration is only weakly correlated with the number of bank relationships. This paper therefore investigates the determinants of creditor concentration for German firms using a ...
Steven Ongena +2 more
openalex +6 more sources
Creditor protection in cross-border mergers; unfinished business [PDF]
Utrecht Law Review, 2008 In cross-border mergers, creditor protection is important to facilitate a smooth, efficient and transparent process necessary to facilitate the single market. As all assets and liabilities are being transferred and there is a risk that the liabilities of
Geert T.M.J. Raaijmakers +1 more
doaj +2 more sources
The Influence of Large Creditors on Creditor Coordination [PDF]
Economics Bulletin, 2003 This paper examines the influence of large creditors in determining the likelihood of debt defaults due to creditor coordination failure. We develop a model in which a large creditor and a group of small creditors independently decide, based on private ...
Koichi Takeda
core +1 more source
Creditor panics: Causes and remedies [PDF]
Cato Journal, 1998 --
Sachs, Jeffrey D.
core +7 more sources
Creditor Rights and Corporate Risk-Taking [PDF]
, 2008 We propose that stronger creditor rights in bankruptcy reduce corporate risk-taking. Employing country-level data, we find that strong creditor rights are associated with a greater propensity of firms to engage in diversifying mergers, and this ...
Viral V. Acharya +2 more
openalex +6 more sources
Sovereign Debt Restructuring: The Judge, the Vultures and Creditor Rights [PDF]
, 2007 What role did the US courts play in the Argentine debt swap of 2005? What implications does this have for the future of creditor rights in sovereign bond markets? The judge in the Argentine case has, it appears, deftly exploited creditor heterogeneity –
Marcus Miller, Dania Thomas
openalex +5 more sources
The right to offset the claims in accordance with the law on bankruptcy of the Republic of Serbia and in the region [PDF]
Strani pravni život, 2021 This article discusses a concept of legally permitted and limited offsetting in bankruptcy according to the law of the Republic of Serbia, with comparison to earlier regulations where the offsetting occurred by the force of law, as the legal consequence ...
Vrhovšek Vladimir M., Kozar Vladimir V.
doaj +1 more source