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51–56 of 56 search results for bankruptcy

RBA Glossary definition for bankruptcy

bankruptcy – A legal status, which can be initiated by a creditor or person concerned, whereby the bankrupt's property is vested in a trustee and, with the exception of certain personal and professional property, is available for distribution to creditors.

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Financial Crises and Currency Demand

31 Dec 2013 RDP 2013-01
Tom Cusbert and Thomas Rohling
The greatest period of disruption followed the announcement of Lehman Brothers' bankruptcy on 15 September 2008 (Edey 2009).
https://www.rba.gov.au/publications/rdp/2013/2013-01/financial-crises-currency-demand.html

A Discussion on Domestic Integration

1 Sep 1995 RDP 9506
Gordon de Brouwer
affected). At the same time, risk of default increased markedly in 1992 as the economy deteriorated and the number of bankruptcies jumped, and the loan-call rate spread widened.
https://www.rba.gov.au/publications/rdp/1995/9506/discussion-on-domestic-integration.html

Issues in Formulating an Inflation Objective

1 Mar 1995 RDP 9503
Guy Debelle and Glenn Stevens
Kahneman et al. also find that nominal wage cuts are acceptable when a firm is losing money or facing bankruptcy.
https://www.rba.gov.au/publications/rdp/1995/9503/issues-in-formulating-an-inflation-objective.html

Building Country-trust and Currency-trust: Lessons from Australia

31 Dec 2004 RDP 2004-03
Ricardo J Caballero, Kevin Cowan and Jonathan Kearns
This framework and good governance have enabled the development of sound legal and bankruptcy procedures.
https://www.rba.gov.au/publications/rdp/2004/2004-03/building-country-trust-and-currency-trust-lessons-from-australia.html

Some Unresolved Issues: Foreign Debt and the Equilibrating Role of the Exchange Rate

1 Jun 1990 RDP 9003
Warren Tease
If, because of some miscalculation or altered circumstances, the projects are unprofitable, then the foreign debt is extinguished by the bankruptcy of the borrower.
https://www.rba.gov.au/publications/rdp/1990/9003/some-unresolved-issues-foreign-debt-and-the-equilibrating-role-of-the-exchange-rate.html

How Does Financial Liberalisation Affect Economic Growth? A Review of the Theoretical Literature

31 Dec 2002 RDP 2002-03
Ben McLean and Sona Shrestha
The resulting devaluation in turn causes widespread bankruptcies of institutions with unhedged foreign currency exposures.
https://www.rba.gov.au/publications/rdp/2002/2002-03/how-does-financial-liberalisation-affect-economic-growth-a-review-of-the-theoretical-literature.html