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Debt renegotiation and the design of financial contracts
, 2016 Debt renegotiation and the design of financial ...
Christophe Godlewski (554464)
core +1 more source
Beyond the Debt Trap Narrative: Structural Risks and Strategic Choices in Africa–China Infrastructure Partnerships [PDF]
Contemporary Chinese Political Economy and Strategic Relations: An International JournalThe Belt and Road Initiative (BRI) – one of China’s key foreign strategy of expansion and integration continues to be applauded as well as criticized for a number of reasons including debt-trap diplomacy.
James Blessing Ini +2 more
doaj
Going long, going short, issue or liquidate? Corporate debt maturity of Mexican public firms [PDF]
Journal of Economics Finance and Administrative SciencePurpose – This paper studies the determinants of the debt maturity of Mexican-listed companies by analysing the effects on the extensive (issuing or liquidating debt) and the intensive (debt maturity renegotiation) margins.
Lianet Farfán-Pérez +2 more
doaj +1 more source
, 2011 The study's objective is to evaluate the role of the public sector in regulating accounting standards in Bahrain Stock Exchange (BSE) through examining its ability to oblige those companies listed on the (BSE) to present a reasonable level of accounting ...
A. Hamdan
semanticscholar +1 more source
How Laws Affect Contracts: Evidence from Yankee Bond Covenants [PDF]
We examine how country-level legal and institutional differences in creditor and shareholder rights shape the use of bond covenants. Using comprehensive debt covenant information for a sample of Yankee bonds issued by firms from more than 50 countries ...
John Wald, Lukas Roth, Yaxuan Qi
core
Most loan repayment agreements are largely noncontingent, and yet standard economic theory predicts that they should be highly contingent. An explanation is offered that relies on imperfect information and collateral. The theory suggests that perhaps all
Jeffrey M. Lacker
core
Sovereign debt restructuring : the judge, the vultures and creditor rights [PDF]
, 2006 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 –
Miller, Marcus +5 more
core +1 more source
Debt renegotiation with incomplete contract [PDF]
Estudos Econômicos (São Paulo), 2005 A debt contract usually does not include a provision about renegotiation. The right to seize the borrower’s asset and the rules of this process are usually stipulated in the contract. Such a promise not to renegotiate is not credible since renegotiation can mitigate the dead-weight loss of liquidating insolvent borrowers.
openaire +3 more sources
Eurozone sovereign debt restructuring : promising legal prospects? [PDF]
The Eurozone debt crisis has stimulated lively debate on mechanisms for sovereign debt restructuring. The immediate threat of exit and the breakup of the currency union may have abated; but the problem of dealing with significant debt overhang remains.
Miller, Marcus, Thomas, Dania
core
Are adverse selection models of debt robust to changes in market structure? [PDF]
Many adverse selection models of standard one-period debt contracts are based on the following seemingly innocuous assumptions. First, entrepreneurs have private information about the quality of their return distributions.
Vauhkonen, Jukka
core