| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4357 |
| DP4357 Part-Time Employment Traps and Childcare Policy | |
| Alison Booth; Melvyn G Coles | |
| 发表日期 | 2004-04-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | In the recent theoretical literature on lending risk, the common pool problem in multi-bank relationships has been analysed extensively. In this Paper we address this topic empirically, relying on a unique panel dataset that includes detailed credit-fie information on distressed lending relationships in Germany. In particular, it includes information on bank pools: a legal institution aimed at coordinating lender interests in borrower distress. We find that the existence of small bank pools increases the probability of workout success and that coordination costs are positively related to pool size. We identify major determinants of pool formation, in particular the distribution of lending shares among banks, the number of banks, and the severity of the distress shock to the borrower. |
| 主题 | Financial Economics |
| 关键词 | Bank lending Bank pool Distress Reorganization Coordination risk Bankruptcy |
| URL | https://cepr.org/publications/dp4357 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533310 |
| 推荐引用方式 GB/T 7714 | Alison Booth,Melvyn G Coles. DP4357 Part-Time Employment Traps and Childcare Policy. 2004. |
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