Creditor-on-Creditor Violence and Secured Debt Dynamics
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https://www.nber.org/papers/w32823
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Secured lenders have recently demanded a new condition in distressed debt restructurings: competing secured lenders must lose priority. We model the implications of this creditor-on-creditor violence trend. In our dynamic model, secured lenders enjoy higher priority in default. However, secured
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美国国家经济研究局创建时间：
2024-08-01
