Default costs
The Heterogeneity of Default Costs: Evidence from Recent Sovereign Debt Crises
... of default costs. In three of the five cases the bulk of the costs was incurred in the year prior to the ...the default year than in the period of looming debt ...
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Default Costs, Willingness to Pay and Sovereign Debt Buybacks
... important costs associated with ...to costs such as difficulty in achieving future finance, trade sanctions, conditionality for aid packages, and more generally the costs associated with no longer ...
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Mortgage Default Rates and Borrower Race
... expected loan profitability. If lenders judge the average credit index to be lower for minority borrowers (c , 0), both discriminating and nondiscriminating lenders (d 5 0) require minority borrowers have higher ...
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Optimal costs of sovereign default
... leaves default as an option in the case of the bad shock, increasing the expected ...expected default costs dominates the gains from front-loading consumption, decreasing expected ...for ...
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Efficiency of Credit Allocation and Effectiveness of Government Credit Guarantees: Evidence from Japanese Small Businesses
... On the other hand, a series of media reports have exposed the blatant misuse of funds by some borrowers, suggesting the negative aspect of the program. Some borrowers made stock investments with loans guaranteed for ...
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GordonQE2015
... Aware that bankruptcy laws vary substantially and affect many households, the lit- erature has examined the trade-off of debt forgiveness and credit. Without expenditure shocks, virtually all the papers have found the ...
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Optimal Sovereign Debt Default
... government default policies for a small open economy in which a domestic government can borrow internationally by issuing non- contingent debt ...optimal default policies under full government commitment ...
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Debt Seniority and Sovereign Debt Crises
... model, default is costly and a discretionary government trades o¤ distortionary taxation against an optimal haircut to ...higher default costs on senior bonds, is highly non- linear in the size of ...
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Optimal insurance with counterparty default risk
... bankruptcy costs, the insurance buyer needs to adjust the demand for coverage to internalize expected default ...bankruptcy costs may explain deductibles without requiring the introduction of ...
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Fiscal policy and the output costs of sovereign default
... endogenous default costs and examines the implications for the determination of the output costs of ...output costs of default, and their dependence on primitives such as the elasticity ...
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Mortgage Discrimination and FHA Loan Performance
... This article seeks to evaluate discrimination in home mortgage originations by exam- ining the performance of mortgage loan portfolios. This approach follows from the theoretical foundations of the economics of ...
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Provision of banks loans to enterprises in Russia
... Extension of loans is being considered as one of the most important and useful functions of the universal commercial banks in the economy. Russian banking has been gradually restoring after the financial crises, when the ...
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A Shot at Regulating Securitization
... screening costs for the retention decision and thereby shows that an unanimous imposition of equity tranche retention might run the risk of shutting down securitization ...
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Delayed Default Dependency and Default Contagion
... the default dependency of a portfolio of underlying assets are correlation ...the default intensities as in Joshi and Stacey [2005], Chapovsky, Rennie and Tavares [2006], Errais, Giesecke and Goldberg ...
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The Municipal Cost of Foreclosure: A Chicago Case Study
... municipal costs associated with ...the costs of nonprime credit and harm future credit impaired ...city costs for implementing promising new foreclosure avoidance activities targeted at lower- income ...
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Ya-Huh: There Are and Should Be Penalty Defaults
... of default- setting also counsels for a broad definition of what constitutes the Ayres-Gertner ...the default pushes contracting parties to reveal information to each other about their ...penalty ...
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Can a Default Option Reduce Default Rates?
... and default reduction ...loan default rates, research from the nonprofits working with high risk populations in homeownership indicates that counseling helps in guiding borrowers to smarter repayment ...
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Are Credit Default Swaps Credit Default Insurances?
... In order to remove any ambiguity for CDS positions that are legally close to be an insurance, it is clear that a legal clarification is needed that explicitly states that credit default swaps are not insurance ...
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Gordon Guerron Capital Default RED 2018
... The column “Long” in Table 3 shows that our baseline model matches the targeted moments and that it does so with a more realistic discount factor and a labor elasticity closer to the values commonly used in the ...
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Distance to default and probability of default: an experimental study
... The distance to default (DD) and the probability of default (PD) are the essential credit risks in the finance world. It provides an estimate of the likelihood that a borrower will be unable to meet its ...
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