Results 261 to 270 of about 261,423 (315)
The North American Journal of Economics and Finance, 2012 Abstract This paper studies the impact of mortgages on consumer debt and on debt on durable goods. Outstanding debt, representing mortgages, affects positively consumer debt, and the debt on durable goods. This hypothesis is empirically tested for the U.S. using PSID 2005 wave. Our results are striking.
Joao Ricardo Faria, Le Wang, Zhongmin Wu
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Critical debt and debt dynamics
Journal of Economic Dynamics and Control, 2000zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Semmler, W. W., Sieveking, M.
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Brookings Papers on Economic Activity, 2003 This paper introduces the concept of debt intolerance,' which manifests itself in the extreme duress many emerging markets experience at debt levels that would seem manageable by advanced country standards. We argue that safe' external debt-to-GNP thresholds for debt intolerant countries are low, perhaps as low as 15 percent in some cases.
Reinhart, Carmen +2 more
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Journal of Health Economics, 2010 We examine the effect of household financial indebtedness on psychological well-being using a large household survey of families with children in Britain. Existing studies that find a link between debt and depression tend to utilise small and highly selective samples of people and only self-reported measures of financial stress, responses to which are ...
Richard Disney, Sarah Bridges
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Review of Finance, 2010
Abstract Existing theories advocate the exclusive use of equity-like instruments in executive compensation. However, recent empirical studies document the prevalence of debt-like instruments such as pensions. This paper justifies the use of debt as efficient compensation.
Edmans, Alex, Liu, Qi
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Abstract Existing theories advocate the exclusive use of equity-like instruments in executive compensation. However, recent empirical studies document the prevalence of debt-like instruments such as pensions. This paper justifies the use of debt as efficient compensation.
Edmans, Alex, Liu, Qi
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Italian Economic Journal
The public debt overhang spread across advanced countries, and the reform of the Stability and Growth Pact in the Euro Zone, have revived the polarization between those who think that debt is always good and those who think that debt is always bad. This paper presents a normative model of endogenous growth with debt-financed public capital. It is shown
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The public debt overhang spread across advanced countries, and the reform of the Stability and Growth Pact in the Euro Zone, have revived the polarization between those who think that debt is always good and those who think that debt is always bad. This paper presents a normative model of endogenous growth with debt-financed public capital. It is shown
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Debt Overhang and Debt Restructuring
SSRN Electronic Journal, 2012This paper analyzes how debt forgiveness and exchange offers resolve inefficiencies associated with debt overhang in a dynamic setting. In a static model debt forgiveness and exchange offers are equivalent -- in a dynamic model they are not. Debt forgiveness is feasible as a means to restructure debt when the firm expands into a competitive market ...
Pascal Frantz, Norvald Instefjord
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2002
Singer was an early advocate for addressing the debt problem of the developing countries and the high level of debt servicing that they accumulated in the 1980s. He recalled the history of the debt crisis, which was often forgotten (Singer, 1989m). The immediate cause was the large financial surpluses of the oil producing countries following the two ...
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Singer was an early advocate for addressing the debt problem of the developing countries and the high level of debt servicing that they accumulated in the 1980s. He recalled the history of the debt crisis, which was often forgotten (Singer, 1989m). The immediate cause was the large financial surpluses of the oil producing countries following the two ...
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SSRN Electronic Journal, 2015
Purpose This paper aims to examine jointly the CEO inside debt and firm debt to further investigate the compensation incentives on risky decision-making and the resulting financial policy decisions concerning the debt structure of the firm. Design/methodology/approach Using S&P 1500 data from CRSP, Compustat, Execucomp and Capital IQ between ...
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Purpose This paper aims to examine jointly the CEO inside debt and firm debt to further investigate the compensation incentives on risky decision-making and the resulting financial policy decisions concerning the debt structure of the firm. Design/methodology/approach Using S&P 1500 data from CRSP, Compustat, Execucomp and Capital IQ between ...
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