Resource title

Gesamtwirtschaftliche Bestimmungsgründe der Insolvenzentwicklung in Deutschland

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image for OpenScout resource :: Gesamtwirtschaftliche Bestimmungsgründe der Insolvenzentwicklung in Deutschland

Resource description

In this paper we empirically analyze the macroeconomic detenninants of insolvencies in Germany since 1970. It is shown that the growth rate of insolvencies can be explained by changes in the rate of return to capital and by preceding changes in the money market interest rate and the inflation rate, as well as by lagged effects of preceding changes in bankruptcies. We also find that Gennan unification contributed to a rise of bankruptcy rates both in West Gennany and in East Germany.

Resource author

Harmen Lehment, Christopher Blevins, Espen Sjøvoll

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Resource publish date

Resource language

deu

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/1276

Resource license

Adapt according to the presented license agreement and reference the original author.