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What drives the time to resolution of defaulted bank loans?

Betz, Jennifer ; Kellner, Ralf ; Rösch, Daniel


Using a unique data base of Global Credit Data with individual loan information from small and medium sized entities in Germany, Great Britain and the United States, we evaluate the time to resolution of defaulted loans. A comparison across countries reveals country specific drivers for the resolution time which can be explained fairly well by differences in the regulatory and legal framework. ...


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