Results 31 to 40 of about 15,112 (311)
Strategic Information Suppression in Borrowing and Pre-Lending Cognition: Theory and Evidence
Games, 2023 This paper theoretically studies the interaction between an informed borrower and an uninformed lender facing possible default of a loan application. The lender is motivated to invest cognitive resources before making a lending decision.
Zhongwen Chen, Xiaojian Zhao
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Cogent Economics & Finance, 2020 While a decline in the market value of sovereign assets (below a benchmark level of liabilities) can trigger sovereign distress/default risk, volatility in sovereign assets can increase the risk premium on domestic debt and credit spread on external debt.
Devendra Kumar Jain +2 more
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Consumer Debt and Default: A Macro Perspective [PDF]
SSRN Electronic Journal, 2020 Consumer debt is an important means for consumption smoothing. In the United States, 70% of households own a credit card, and 40% borrow on it. When borrowers cannot (or do not want to) repay their debts, they can declare bankruptcy, which provides additional insurance in tough times.
Exler, Florian, Tertilt, Michèle
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Modelling Monetary and Fiscal Governance in the Wake of the Sovereign Debt Crisis in Europe
Economies, 2016 This paper analyzes different government debt relief programs in the European Monetary Union. I build a model and study different options ranging from debt relief to the European Stability Mechanism (ESM).
Bodo Herzog
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Debt Dilution and Sovereign Default Risk [PDF]
IMF Working Papers, 2011 In this study, we measure the effects of debt dilution on sovereign default risk and consider debt covenants that could mitigate these effects. First, we calibrate a baseline model of defaultable debt (in which debt can be diluted) with endogenous debt duration, using data from Spain.
Juan Carlos Hatchondo +2 more
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Internal debt crises and sovereign defaults [PDF]
Journal of Monetary Economics, 2014 Internal and sovereign debt crises occur together and happen more frequently in economies with weak bankruptcy institutions. This paper provides a novel explanation. Internal crises arise because of the inability to liquidate private debtors when many default. In an optimal contract, a successful entrepreneur repays yet an unsuccessful one defaults and
Cristina Arellano +1 more
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The Contagion of Debt Default Risk in Energy Enterprises Considering Carbon Price Fluctuations
MathematicsUnder the constraints of low-carbon transformation goals, energy enterprises have significantly increased their debt default risk levels due to carbon price fluctuations.
Lei Wang +3 more
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Economies, 2019 We research the response of the proportion of student borrowers with ninety or more days of delinquency or in default to variables such as unemployment and the average debt per borrower after the financial crisis of 2007−2008, in the United States,
José Alberto Fuinhas +2 more
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Empirical Research on Sovereign Debt and Default [PDF]
SSRN Electronic Journal, 2012 In this article, we review the empirical literature about sovereign debt and default. As we survey the work of economists, historians, and political scientists, we also emphasize parallel developments by theorists and recommend steps to improve the correspondence between theory and data.
Michael Tomz, Mark L. J. Wright
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Equilibrium default cycles [PDF]
, 2007 This paper analyzes Markov equilibria in a model of strategic lending in which (i) agents cannot commit to long‐term contracts, (ii) contracts are incomplete, and (iii) incumbent lenders can coordinate their actions.
Kovrijnykh, Natalia +6 more
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