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Priority Rule Violations and Perverse Banking Behaviors: Theoretical Analysis and Implications of the 1990s Japanese Loan Markets
Paperback
ISBN13: 9789811058516
Publisher: Springer
Published: Sep 15 2017
Pages: 80
Weight: 0.32
Height: 0.19 Width: 6.14 Depth: 9.21
Language: English
Differs from the typical explanations of the credit crunch that are based mainly on the debt overhang theory or BIS regulation of capital adequacy ratios
Explores the optimal legal rule or scheme for insolvent firms to make efficient investment decisions
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