The Impact of Legislation on Credit Risk-Comparative Evidence From the United States, the United Kingdom and Germany /

This study investigates the link between bankruptcy and security legislation and potential credit losses faced by banks based on a cross-country study for the United States (US), the United Kingdom (UK) and Germany. Focusing on corporate credit, we find that legislation produces the highest credit r...

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Bibliographic Details
Main Author: Schmieder, Philipp
Other Authors: Schmieder, Christian
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Working Papers; Working Paper ; No. 2011/055
Online Access:Full text available on IMF