Recognition of Debt Obligations as Joint Obligations of Spouses: A Case Law Analysis
نویسندگان
چکیده
منابع مشابه
Risk Analysis of Collateralized Debt Obligations
Collateralized debt obligations, which are are securities with payoffs that are tied to the cash flows in a portfolio of defaultable assets such as corporate bonds, play a significant role in the financial crisis that has spread throughout the world. Insufficient capital provisioning due to flawed and overly optimistic risk assessments is at the center of the problem. This paper develops stocha...
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While various liability rules of tort law provide efficient incentives to invest, breach remedies of contract law are claimed to be distortive. Since, at least in Germany, obligations law provides general rules for both contractual and tort relationships such discrepancy seems puzzling. The paper identifies a saddle point property as the driving force behind most efficiency results and it estab...
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We propose a model for the correlation structure of reference portfolios of collateralized debt obligations. The model is capable of exhibiting typical characteristics of the implied correlation smile (skew, respectively) observed in the market. Moreover, it features a simple economic interpretation and is computationally inexpensive as it naturally integrates into the factor model framework.
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Collateralized Debt Obligations (CDOs) are sophisticated financial products that offer a range of investments, known as tranches, at varying risk levels backed by a collateral pool typically consisting of corporate debt (bonds, loans, default swaps, etc.). The analysis of the risk-return properties of CDO tranches is complicated by the highly nonlinear and time dependent relationship between th...
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ژورنال
عنوان ژورنال: Actual Problems of Russian Law
سال: 2020
ISSN: 1994-1471
DOI: 10.17803/1994-1471.2020.121.12.082-089