Publications

June 2012
Response

Solution to Exchanges 10.2 Puzzle: Borrowing in the Limit as Our Nerdiness Goes to Infinity

By: Ran I. Shorrer

This is a solution to the editor's puzzle from issue 10.2 of SIGecom Exchanges [Reeves 2011]. The puzzle asks to determine a point in time such that a lump sum payment of $S will be equivalent to a continuous stream of infinitesimal payments totaling $S, spread evenly... View Details

Keywords: Borrowing and Debt; Market Transactions; Mathematical Methods

29 Jul 2011
News

Debt Ceiling Battle Will Cost Homeowners Big Time

2025
Working Paper

Unwinding Loan Prospecting Pressure Through Renegotiation: The Role of Loan Officer Changes in Debt Contracting

By: Jung Koo Kang, Regina Wittenberg Moerman and Jessie Cheong

We examine the impact of loan officer changes on debt contract design. Loan officers play a critical role in initiating and maintaining lending relationships but also face pressure to originate more loans, incentivizing them to offer loan terms more favorable than... View Details

Keywords: Financing and Loans; Borrowing and Debt; Contracts; Negotiation; Motivation and Incentives

December 1989
Article

LDC Debt: Forgiveness, Indexation, and Investment Incentives

By: K. A. Froot, D. Scharfstein and J. Stein

Keywords: Debt Reduction; Chapter 7; Default; Debt Restructuring; Borrowing and Debt

10 Dec 2013
News

Wall Street feeds the ravenous debt beast again

March 2003
Article

Creditor Rights, Enforcement, and Debt Ownership Structure: Evidence from the Global Syndicated Loan Market

By: Benjamin C. Esty and William L. Megginson

Keywords: Rights; Borrowing and Debt; Ownership; Markets; Global Range; Financing and Loans

(With Kristin Mugford) Set in 2013, School Specialty was a financially troubled supplier of educational products to primary and secondary schools in the United States. The company planned to file Chapter 11 in order to address its excessive debt load, but needed to... View Details

September 1990
Article

How Risky is the Debt in Highly Leveraged Transactions?

Keywords: Risk and Uncertainty; Borrowing and Debt

May 2006 (Revised January 2007)
Teaching Note

The Barber of Buenos Aires: Argentina's Debt Renegotiation (TN)

By: Noel Maurer and Aldo Musacchio

Keywords: Borrowing and Debt; Argentina

Purchase

December 9, 2011
Comment

Solving the Debt Crisis May Be Europe's Biggest Step Forward

By: Dante Roscini

Keywords: Borrowing and Debt; Europe

March 2005
Article

Sovereign Debt As a Contingent Claim: A Quantitative Approach

By: Laura Alfaro and Fabio Kanczuk

We construct a dynamic equilibrium model with contingent service and adverse selection to quantitatively study sovereign debt. In the model, benefits of defaulting are tempered by higher future interest rates. For a wide set of parameters, the only equilibrium is one... View Details

Keywords: Sovereign Finance; Borrowing and Debt; Interest Rates; Balance and Stability; Risk and Uncertainty; Risk Management; Mathematical Methods; Management Style; Segmentation; Debt Securities; Banking Industry

28 Jul 2020
News

2020’s States with the Highest & Lowest Credit-Card Debts

13 Jul 2011
News

House Democratic Tax Writer Says Debt Fight Poisons Reform

20 Jul 2021
News

America's Medical Debt Is Much Worse Than We Think

06 Mar 2021
News

Poor countries struggling with debt fight to get help

2010
Chapter

Property Rights for Foreign Capital: Sovereign Debt and Private Direct Investment in Times of Crisis

By: Louis T. Wells

Keywords: Property; Rights; International Finance; Capital; Sovereign Finance; Foreign Direct Investment; Financial Crisis