This paper examines the relationship between corporate governance level and the bankruptcy law for such debt variables as firms' cost of debt and amount (and variation) of debt. Our empirical results are consistent with ...

The main arguments in favor and against nominal and indexed debts are the incentive to default through inflation versus hedging against unforeseen shocks. We model and calibrate these arguments to assess their quantitative ...

Technical Debt (TD) is a metaphor that describes the cost–benefit relationship between postponing technical development activities and the consequences of this long-term postponement. The lack of TD Management compromises ...

We model and calibrate the arguments in favor and against short-term and long-term debt. These arguments broadly include: maturity premium, sustainability, and service smoothing. We use a dynamic-equilibrium model with tax ...

In the last few decades, there was a marked increase in consumer debt in the United States, Latin America and other emerging countries, spurring a debate about the real costs and benefits of household credit. Using a unique ...

Nesta dissertação eu demonstro que em modelos de dívida soberana de longo-prazo , as expecta- tivas dos credores acerca dos preços dos títulos e do nível de endividamento do país no futuro podem ser auto-realizáveis, ...

This paper reviews debt management strategies in Latin America from a positive and a normative perspective. It discusses the definition of the debt perimeter (what items should be considered to optimize the cost-risk ...