Concepedia

Default Costs

Default Costs is a theoretical construct in financial economics that denotes the aggregate economic and financial losses incurred by a borrower and its stakeholders as a result of failing to meet contractual debt obligations, distinguishing it from other cost categories by its direct linkage to credit default events and associated penalties, litigation, reputational damage, and loss of market access.

223

Publications

17.3K

Citations

373

Authors

247

Institutions

Publications per year

2017–2026

49

Parents

Publications

223

Default and Renegotiation: A Dynamic Model of Debt

Oliver Hart, J. F. Moore · The Quarterly Journal of Economics · 1998 · 1.1K citations · Full text

, , +15

Efficiency, Equilibrium, and Asset Pricing with Risk of Default

Fernando Álvarez, Urban J. Jermann · Econometrica · 2000 · 772 citations

, , +17

Does industry-wide distress affect defaulted firms? Evidence from creditor recoveries

Viral V. Acharya, Sreedhar T. Bharath, Anand Srinivasan · Journal of Financial Economics · 2007 · 745 citations

, , +12

Counterparty Risk and the Pricing of Defaultable Securities

Robert A. Jarrow, Fan Yu · The Journal of Finance · 2001 · 671 citations

, , +17

The Economics and Law of Sovereign Debt and Default

Ugo Panizza, Federico Sturzenegger, Jeromin Zettelmeyer · Journal of Economic Literature · 2009 · 559 citations

, , +17

1–5 of 223

Authors

373

  1. UP
    Ugo Panizza

    Graduate Institute of International and Development Studies, Switzerland

    6 publications · 1.3K citations

    6

    h-index

  2. MO
    Martin Oehmke

    London School of Economics and Political Science, United Kingdom

    5 publications · 520 citations

    5

    h-index

  3. PB
    Patrick Bolton

    Columbia University, United States

    5 publications · 417 citations

    5

    h-index

  4. JG
    John Geanakoplos

    Yale University, United States

    5 publications · 309 citations

    5

    h-index

  5. KA
    Kartik Athreya

    Federal Reserve Bank of Richmond, United States

    4 publications · 92 citations

    4

    h-index

1–5 of 373

Institutions

247

  1. National Bureau of Economic Research

    Cambridge, United States

    13 h-index

    27 publications

    838 citations

  2. London School of Economics and Political Science

    London, United Kingdom

    11 h-index

    14 publications

    2K citations

  3. University of California, Berkeley

    Berkeley, United States

    11 h-index

    14 publications

    1.1K citations

  4. Centre for Economic Policy Research

    London, United Kingdom

    10 h-index

    13 publications

    688 citations

  5. Stanford University

    Stanford, United States

    10 h-index

    11 publications

    838 citations

  6. University of Chicago

    Chicago, United States

    8 h-index

    16 publications

    1.3K citations

  7. Columbia University

    New York, United States

    7 h-index

    10 publications

    941 citations

  8. Federal Reserve Board of Governors

    Washington D.C., United States

    7 h-index

    10 publications

    790 citations

1–8 of 247

Venues

  1. SSRN Electronic Journal

    Repository · 43 publications · 1.6K citations

    21

    h-index

  2. Review of Financial Studies

    8 publications · 1K citations

    8

    h-index

  3. The Journal of Finance

    7 publications · 1.7K citations

    7

    h-index

  4. Real Estate Economics

    7 publications · 539 citations

    7

    h-index

  5. National Bureau of Economic Research

    Repository · 7 publications · 130 citations

    7

    h-index

1–5