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Debt, Taxes, and Liquidity
https://www.cerf.cam.ac.uk/system/files/documents/debttaxes.pdfDebt, Taxes, and Liquidity. Patrick Bolton† Hui Chen‡ Neng Wang. March 12, 2014. Abstract. We analyze a model of optimal capital structure and liquidity choice based on adynamic tradeoff theory for financially constrained firms. In addition to -
TYING YOURSELF TO THE MAST: PAINFUL DEBT AS A ...
https://www.cerf.cam.ac.uk/sites/www.cerf.cam.ac.uk/files/media/niermann_tying_yourself_to_the_mast.pdf19 Jun 2024: Most closely related to my work is Conesa &Kehoe (2017) who propose that rising debt levels throughout the Euro-crisis were driven by’gambling for redemption’, where governments in deep recession ... In their model, a country’s decision to -
The Effects of Universal Health Insurance on Household Financial ...
https://www.cerf.cam.ac.uk/sites/www.cerf.cam.ac.uk/files/effect1.pdf15 Sep 2021: The Effects of Universal Health Insurance on Household Financial. Well-being and Investments: Evidence from Rural Thailand. Kai Liu† Benjapon Prommawin‡ Fred Schroyen. May 15, 2021. Abstract. This paper investigates how public insurance
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