Search Results

Showing results 1 to 10 of approximately 166.

(refine search)

SORT BY: PREVIOUS / NEXT

All:
Title:
Author:
Abstract:
Keywords:

+ Add Search Parameter

Working Paper
Consumption in the Great Recession: The Financial Distress Channel
Athreya, Kartik B.; Sanchez, Juan M.; Mather, Ryan; Mustre-del-Rio, Jose (2019-08-29)
During the Great Recession, the collapse of consumption across the US varied greatly but systematically with house-price declines. Our message is that household financial health matters for understanding this relationship. Two facts are essential for our finding: (1) the decline in house prices led to an increase in household financial distress (FD) prior to the decline in income during the recession, and (2) at the zip-code level, the prevalence of FD prior to the recession was positively correlated with house-price declines at the onset of the recession. We measure the power of the ...
Working Paper , Paper 19-13

Discussion Paper
Consumer bankruptcy: how unsecured lenders fare
Furletti, Mark (2003)
On September 8, 2003, the Payment Cards Center of the Federal Reserve Bank of Philadelphia hosted a workshop on consumer bankruptcy and its effect on unsecured lenders. Professor Melissa Jacoby of Temple University?s School of Law led the workshop. A leading bankruptcy scholar, Jacoby described the current bankruptcy system and the potential impact of Chapter 7 reforms on the rights of unsecured creditors. This paper summarizes Jacoby?s presentation and the ensuing discussion. It offers a brief overview of consumer bankruptcy and the rights of unsecured creditors that lend money to ...
Consumer Finance Institute discussion papers , Paper 03-17

Journal Article
Unemployment insurance and personal bankruptcy
Athreya, Kartik B. (2003-04)
Economic Quarterly , Volume 89 , Issue Spr , Pages 33-53

Journal Article
A look at household bankruptcies
Marcuss, Mamie (2004-04)
In recent years, a record number of U.S. households have declared bankruptcy. This article explores the possible causes and potential effects of the rising rate of insolvent households.
Communities and Banking , Issue Spr , Pages 15-20

Journal Article
Gift card value when issuers go bankrupt
Frederick, Cristin (2009-01)
What value does a prepaid gift card retain when the company where it can be spent files for bankruptcy? A legal intern looks at the law and recent cases and offers advice to consumers.
Communities and Banking , Issue Win , Pages 11-12

Journal Article
What do we know about Chapter 13 personal bankruptcy filings?
Li, Wenli (2007-10)
Since 1980, the number of households filing for bankruptcy has more than tripled. This drastic increase in personal bankruptcy filings led to substantial debate among economists and policymakers. That debate subsequently resulted in the enactment of extensive reforms in 2005 when Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act. Ultimately, the rationale for this legislation is the presumption that Chapter 13 leads to more appropriate outcomes compared with either Chapter 7 filings or other options outside bankruptcy. In ?What Do We Know About Chapter 13 Personal ...
Business Review , Issue Q4

Working Paper
How long do junk bonds spend in default?
Helwege, Jean (1994)
Finance and Economics Discussion Series , Paper 94-16

Working Paper
Bankruptcy in the life-cycle consumption model
Kowalewski, K. J. (1988)
An analysis assessing the sensitivity of consumption to income using a life-cycle model of consumption that incorporates the possibility of bankruptcy.
Working Papers (Old Series) , Paper 8815

Newsletter
Chicago’s Fiscal Future: Growth or Insolvency? A Conference Summary
Wetmore, Sarah; Mattoon, Richard H. (2017)
The intersection between poor fiscal conditions facing Chicago and the prospects for business development was the subject of a conference cosponsored by the Federal Reserve Bank of Chicago and the Civic Federation on April 19, 2017. Specifically, the program focused on whether municipal bankruptcy is an appropriate mechanism for addressing extreme fiscal stress and the impact such an action might have on key Chicago industries, particularly those characterized by rapid recent growth.
Chicago Fed Letter

Working Paper
Credit, bankruptcy, and aggregate fluctuations
Nakajima, Makoto; Rios-Rull, Jose-Victor (2014-10-20)
We ask two questions related to how access to credit affects the nature of business cycles. First, does the standard theory of unsecured credit account for the high volatility and procyclicality of credit and the high volatility and countercyclicality of bankruptcy filings found in U.S. data? Yes, it does, but only if we explicitly model recessions as displaying countercyclical earnings risk (i.e., rather than having all households fare slightly worse than normal during recessions, we ensure that more households than normal fare very poorly). Second, does access to credit smooth aggregate ...
Working Papers , Paper 14-31

show more (2)

show more (33)

PREVIOUS / NEXT

Fed in Print

Search Results

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

FILTER BY Keywords