Short-Selling Attacks and Creditor Runs

International financial crises and public policy : some welfare analysis

This article describes a model of financial crisis and explores its implications for public policy. The framework nests the key features of earlier models but is better able to address international architecture questions in a welfare setting. In particular, this framework is used to assess the welfare costs of creditor coordination failure and several recent public policy proposals on reformin...

ررسی تطبیقی فروش استقراضی سهام ( Short Selling ) با عقده های اسلامی

Dynamic Debt Runs

This article analyzes the dynamic coordination problem among creditors of a firm with a time-varying fundamental and a staggered debt structure. In deciding whether to roll over his debt, each maturing creditor is concerned about the rollover decisions of other creditors whose debt matures during his next contract period. We derive a unique threshold equilibrium and characterize the roles of fu...

Legal Presumption of the Further Liability of Creditor on Breaches by Supplier in Debtor-Creditor-Supplier Agreements

Abstract In tri-lateral consumer credit agreements, Recognition legal liability of lender on breaches by supplier is based on two undeniable realities: 1- close relations of lender and supplier so that they seem to be a Joint venture. 2- Responding the requirements of distributive justice and supporting the consumers as the weaker party by imposing all losses incurred by consumers due to any b...

Integrated Competitive Pricing and Transshipment Problem for Short Life Cycle Products’ Supply Chain

This paper integrates competitive pricing and network design problems for the short life cycle products. The pricing problem determines selling prices of the products for different life cycle phases in a competitive market, as well as acquisition management of returned products. Besides, the selling and acquisition prices are related to the distance between distribution centers and customers. T...