Tobias Schüle
Biographic Data
| ID | 11122909 |
|---|---|
| NAME | Tobias Schüle |
| GIVEN NAMES | Tobias |
| FAMILY NAME | Schüle |
| SIGNATURE | SCHÜLE T |
| VERIFIED | No |
| TOTAL WORKS | 1 |
| TOTAL CITATIONS | 0 |
| WORKS AS AUTHOR | 1 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2007 |
| LATEST PUBLICATION YEAR | 2007 |
| H-INDEX | 0 |
Forbearance Lending and Soft Budget Constraints in Multiple Bank Financing
Empirical evidence suggests that banks often engage in refinancing of intrinsically insolvent debtors instead of writing off their nonperforming loans. Such forbearance lending may induce soft budget constraints for the debtors, diminishing their incentives to thwart default. This paper introduces a model of coordination failure to analyze how the incidence of forbearance lending and soft budget constraints is affected by a relationship bank that…
No prominent works on this page.
Forbearance Lending and Soft Budget Constraints in Multiple Bank Financing
Empirical evidence suggests that banks often engage in refinancing of intrinsically insolvent debtors instead of writing off their nonperforming loans. Such forbearance lending may induce soft budget constraints for the debtors, diminishing their incentives to thwart default. This paper introduces a model of coordination failure to analyze how the incidence of forbearance lending and soft budget constraints is affected by a relationship bank that…
Banking stability, regulation, efficiency (1 work) · Budget constraint (1 work) · Business (1 work) · Corporate Finance and Governance (1 work) · Economic theories and models (1 work) · Economics (1 work) · Finance (1 work) · Financial system (1 work) · Forbearance (1 work)