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dc.contributor.authorDickler, Robert A.en_US
dc.contributor.authorSchalast, Christophen_US
dc.date.accessioned2009-05-15en_US
dc.date.accessioned2009-09-10T13:48:26Z-
dc.date.available2009-09-10T13:48:26Z-
dc.date.issued2006en_US
dc.identifier.piurn:nbn:de:101:1-2008082793en_US
dc.identifier.urihttp://hdl.handle.net/10419/27841-
dc.description.abstractDuring the past two years, private equity funds have acquired substantial portfolios of nonperforming loans from banks in Germany. Typically a private equity investor does not commit funds unless exit strategies are clearly defined. The usual exit strategies for distressed debt investors are fix it (restructuring and turnaround), sell it (sale of debt or equity), or shut it down (liquidation). A new alternative exit strategy for NPL investors considered here is the transfer of credit recovery risk.en_US
dc.language.isoengen_US
dc.publisherHfB - Business School of Finance & Management Frankfurt a. M.en_US
dc.relation.ispartofseriesWorking paper series // HfB - Business School of Finance & Management 73en_US
dc.subject.jelG22en_US
dc.subject.jelG28en_US
dc.subject.jelG32en_US
dc.subject.ddc330en_US
dc.subject.keywordFocusen_US
dc.subject.keyworddiversificationen_US
dc.subject.keywordspecializationen_US
dc.subject.keywordmonitoringen_US
dc.subject.keywordbank returnsen_US
dc.subject.keywordbank risken_US
dc.subject.keywordNon Performing Loansen_US
dc.subject.keywordDistressed debt investingen_US
dc.subject.keywordSynthetic securitizationen_US
dc.subject.keywordCollateralized debt obligationsen_US
dc.subject.keywordCredit risk transferen_US
dc.subject.keywordCredit derivativesen_US
dc.subject.keywordCredit default swapsen_US
dc.subject.keywordCredit recovery swapsen_US
dc.subject.keywordCredit portfolio managementen_US
dc.subject.keywordCredit portfolio risken_US
dc.subject.keywordCredit portfolio returnsen_US
dc.subject.keywordEfficiency of credit risk portfolio allocationsen_US
dc.subject.keywordLearning effectsen_US
dc.titleDistressed debt in Germany: What's next? Possible innovative exit strategiesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn577674986en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:fsfmwp:73-
Appears in Collections:Frankfurt School - Working Paper Series, Frankfurt School of Finance and Management

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