Debt maturity structure with pre-emptive creditors
Critics of international solvency regimes argue that such regimes heighten financial fragility because creditors pre-empt each other by lending at ever shorter maturities in a 'rush for the exits'. We model such behaviour explicitly in order to examine the effects of workouts on the maturity profile of debt.
|Collections||ANU Research Publications|
|01_Gai_Debt_maturity_structure_with_2004.pdf||82.58 kB||Adobe PDF||Request a copy|
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.