Auflistung LIF-SAFE Working Papers nach Schlagwort "recapitalization"

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    • Recapitalization, Bailout, and Long-run Welfare in a Dynamic Model of Banking 

      Modena, Andrea (2021-03-01)
      This paper studies the dynamic trade-off between the short-run costs and the long-run benefits of bank bailouts. In the model, banks leverage thanks to their cost advantage at monitoring firms, but hold precautionary capital ...

    • The COVID-19 Shock and Equity Shortfall: Firm-Level Evidence from Ital 

      Carletti, Elena; Oliviero, Tommaso; Pagano, Marco; Pelizzon, Loriana; Subrahmanyam, Marti G. (2020-10-29)
      We employ a representative sample of 80,972 Italian firms to forecast the drop in profits and the equity shortfall triggered by the COVID-19 lockdown. A 3-month lockdown generates an aggregate yearly drop in profits of ...