Creditor recovery: the macroeconomic dependence of industry equilibrium

Nada Mora

No RWP 13-06, Research Working Paper from Federal Reserve Bank of Kansas City

Abstract: This paper reconciles industry conditions with the state of the economy in driving asset liquidation values and, therefore, recovery rates on defaulted debt securities. Macroeconomic effects matter but they operate differentially at the industry level.

Keywords: Credit; Risk; Business cycles (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.kansascityfed.org/documents/7709/rwp13-06.pdf (application/pdf)

Related works:
Journal Article: Creditor recovery: The macroeconomic dependence of industry equilibrium (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedkrw:rwp13-06

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Research Working Paper from Federal Reserve Bank of Kansas City Contact information at EDIRC.
Bibliographic data for series maintained by Zach Kastens ().