Daniel Kraus

University of Rostock - Department of Economics

Ulmenstr. 69

Rostock, 18057

Germany

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Scholarly Papers (1)

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Why the MAC Clause is so Ubiquitous in Bank Loan Commitments Although it is Hardly Ever Invoked

Number of pages: 27 Posted: 16 Aug 2013
Daniel Kraus and Philipp C. Wichardt
University of Rostock - Department of Economics and University of Rostock - Department of Economics
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Abstract:

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loan commitment, MAC clause, asymmetric information, financial intermediation