Results 61 to 70 of about 1,613,471 (241)
Debt contracts with ex-ante and ex-post asymmetric information: an example. [PDF]
We consider a simple model of lending and borrowing combining two informational problems: adverse selection and costly state verification. Our analysis highlights the interaction between these two informational problems.
G. Carlier, L. Renou
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Contractual Structures and Payoff Patterns of Sukūk Securities
The International Journal of Banking and Finance, 2013 This paper is about the six different Sukūk securities, which originated in 1990s, and are now traded in some 11 markets as the new debt-like securities classed under Islamic finance.
Meysam Safari
doaj
Optimal debt contracts and diversity of opinions: an extreme case of bunching [PDF]
This paper studies optimal menus of debt contracts such as secured debentures or bonds, in the presence of diversity of opinions between borrowers and lenders. We first characterize incentive compatible contracts, then prove the existence of optimal debt
Guillaume Carlier, Renou, Ludovic
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Sovereign Debt Contracts and Financial Stability in Emerging Market Economies [PDF]
This thesis analyzes the influence sovereign debt contracts have on the incidence and the devolution of financial crises in emerging market economies. Chapter 2 focuses on the design of majority action clauses in bond contracts.
Hühnerbein, Ossip Robert
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Journal of Financial Therapy, 2013 In the United States today, more than 56% of individuals are in debt (Foster,Meijer, Schuh, & Zabek, 2011). Debt literacy may be defined as the ability to correctly assess debt contracts andcompound interest when making financial decisions about ...
Vernon Loke, Sally Anne Hageman
doaj +1 more source
Is drought risk priced in private debt contracts?
International Review of Finance, 2021 V. Do +3 more
semanticscholar +1 more source
Mood effects in optimal debt contracts.
, 2016 The impact of strong emotions or mood on decision making and risk taking is well recognized in behavioral economics and finance. Yet, and in spite of the immense interest, no study, so far, has provided any comprehensive evidence on the impact of such ...
Apergis, Nicholas, Voliotis, Dimitrios
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On the non-exclusivity of loan contracts: An empirical investigation. [PDF]
A string of theoretical papers shows that the non-exclusivity of credit contracts generates important negative contractual externalities. Employing a unique dataset, we identify how these externalities affect the supply of credit.
Ioannidou, Vasso +2 more
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Existence and monotonicity of optimal debt contracts in costly state verification models [PDF]
This note gives a simple proof of the existence and monotonicity of optimal debt contracts in simple models of borrowing and lending with ex-post asymmetric information, risk-averse agents and heterogeneous beliefs.
Guillaume Carlier, Ludovic Renou
core
Collateral and Debt Maturity Choice. A Signaling Model [PDF]
This paper derives optimal loan policies under asymmetric information where banks offer loan contracts of long and short duration, backed or unbacked with collateral. The main novelty of the paper is that it analyzes a setting in which high quality firms
Lensink, Robert, Tra, Pham Thi Thu
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