Debt overhang - Search Results - UAB Digital Repository of Documents

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Research literature, 3 records found

Research literature	3 records found

49 p, 1015.2 KB

On the optimal design of a financial stability fund / Ábrahám, Árpád ; Cárceles Poveda, Eva ; Barcelona Graduate School of Economics
A Financial Stability Fund set by a union of sovereign countries can improve countries' ability to share risks, borrow and lend, with respect to the standard instrument used to smooth fluctuations: sovereign debt financing. [...]
Barcelona Graduate School of Economics 2018 (ADEMU Working Paper Series ; 105)

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45 p, 732.7 KB

Debt dilution and debt overhang / Jungherr, Joachim ; Schot, Immo
We introduce long-term debt (and a maturity choice) into a standard model of firm financing and investment. This allows us to study two distortions of investment: (1. ) Debt dilution distorts firms' choice of debt which has an indirect effect on investment; (2. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.
2018 (ADEMU Working Paper Series ; 124)

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79 p, 744.9 KB

Sovereign debt and structural reforms / Müller, Andreas ; Storesletten, Kjetil ; Zilibotti, Fabrizio
We construct a dynamic theory of sovereign debt and structural reforms with three interacting frictions: limited enforcement, limited commitment, and incomplete markets. A sovereign country in recession issues debt to smooth consumption and makes reforms to speed up recovery. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.
2016 (ADEMU Working Paper Series ; 56)

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