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The Economic Consequences of Hospital Admissions
Published 2018“…Relative to the insured non-elderly, the uninsured non-elderly experience much larger increases in unpaid medical bills and bankruptcy rates following a hospital admission. Hospital admissions trigger fewer than 5 percent of all bankruptcies in our sample.…”
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Forced Sales and House Prices
Published 2011“…This paper uses data on house transactions in the state of Massachusetts over the last 20 years to show that houses sold after foreclosure, or close in time to the death or bankruptcy of at least one seller, are sold at lower prices than other houses. …”
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Fire Sales in a Model of Complexity
Published 2015“…As conditions deteriorate, cross exposures generate the possibility of a domino effect of bankruptcies. As this happens, banks face an increasingly complex environment since they need to understand a greater fraction of the financial network to assess their own financial health. …”
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Tracing the Woes: An Empirical Analysis of the Airline Industry
Published 2012“…The US airline industry went through tremendous turmoil in the early 2000s, with four major bankruptcies, two major mergers, and various changes in network structure. …”
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Persistent Appreciations and Overshooting: A Normative Analysis
Published 2015“…However, the criterion for intervention is not whether there are bankruptcies or not, but whether these can cause a large exchange rate overshooting once the factors behind the appreciation subside. …”
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