| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 965410 | Journal of the Japanese and International Economies | 2012 | 20 Pages |
Abstract
⺠I explore the effects and optimum features of the borrowing structure. ⺠The opportunity of liquidation and verification is a device to implement repayments. ⺠The number of creditors affects the outcome in liquidation-deterrence renegotiation. ⺠The share structure affects the outcome in verification-deterrence renegotiations. ⺠Borrowing from multiple differentiated large-share creditors can be optimal.
Related Topics
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Economics and Econometrics
Authors
Shinjiro Miyazawa,