Max Bruche

Humboldt University of Berlin

Spandauer Str. 1

Berlin, D-10099

Germany

http://www.maxbruche.net

  • Humboldt University of Berlin

SCHOLARLY PAPERS

10

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3,243

SSRN CITATIONS
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Top 5,002

in Total Papers Citations

273

CROSSREF CITATIONS

103

Scholarly Papers (10)

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1.

Recovery Rates, Default Probabilities and the Credit Cycle

Journal of Banking and Finance, Vol. 34, No. 4, 2010
Number of pages: 37 Posted: 30 Nov 2006 Last Revised: 06 Jan 2011
Max Bruche and Carlos González-Aguado
Humboldt University of Berlin and Centre for Monetary and Financial Studies (CEMFI)
Downloads 963 (47,017)
Citation 9

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credit, recovery rate, default probability, business cycle, capital requirements, Markov chain

2.

Creditor Coordination, Liquidation Timing, and Debt Valuation

Journal of Financial and Quantitative Analysis (JFQA), Vol. 46, No. 5, 2011, AFA 2009 San Francisco Meetings Paper
Number of pages: 37 Posted: 17 Mar 2008 Last Revised: 03 Dec 2011
Max Bruche
Humboldt University of Berlin
Downloads 436 (129,499)

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asset pricing, real options, bankruptcy, liquidation, coordination failure, global games, capital structure

3.

Preventing Zombie Lending

Review of Financial Studies, 27(3), pp 923-956.
Number of pages: 49 Posted: 21 Jun 2010 Last Revised: 12 Mar 2014
Max Bruche and Gerard Llobet
Humboldt University of Berlin and Centre for Monetary and Financial Studies (CEMFI)
Downloads 420 (135,148)
Citation 50

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bank bail-outs, forbearance lending, recapitalizations, asset buybacks, mechanism design

4.

Pipeline Risk in Leveraged Loan Syndication

Downloads 354 (163,835)
Citation 41

Pipeline Risk in Leveraged Loan Syndication

FEDS Working Paper No. 2017-048
Number of pages: 76 Posted: 26 Apr 2017
Max Bruche, Frederic Malherbe and Ralf Meisenzahl
Humboldt University of Berlin, University College London - Department of Economics and Federal Reserve Bank of Chicago
Downloads 352 (163,520)

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Debt Overhang, Lead Arranger Share, Leveraged Loans, Pipeline Risk, Syndicated Loans

Pipeline Risk in Leveraged Loan Syndication

CEPR Discussion Paper No. DP11956
Number of pages: 79 Posted: 21 Apr 2017
Max Bruche, Frederic Malherbe and Ralf Meisenzahl
Humboldt University of Berlin, University College London - Department of Economics and Federal Reserve Bank of Chicago
Downloads 2 (1,225,510)
Citation 38
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Debt overhang, lead arranger share, leveraged loans, pipeline risk, syndicated loans

5.

Dealer Funding and Market Liquidity

Downloads 311 (188,068)
Citation 1

Dealer Funding and Market Liquidity

Number of pages: 76 Posted: 08 Nov 2018 Last Revised: 10 Sep 2021
Max Bruche and John Chi-Fong Kuong
Humboldt University of Berlin and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 311 (186,751)
Citation 1

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dealers, market liquidity, immediacy, regulation, optimal contract.

Dealer Funding and Market Liquidity

CEPR Discussion Paper No. DP16548
Number of pages: 78 Posted: 22 Sep 2021
Max Bruche and John Chi-Fong Kuong
Humboldt University of Berlin and The Chinese University of Hong Kong (CUHK) - CUHK Business School
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Dealers, Immediacy, market liquidity, Optimal Contract, Regulation

6.

Deposit Insurance and Money Market Freezes

Journal of Monetary Economics, Vol. 57, No. 1, 2010
Number of pages: 40 Posted: 13 May 2009 Last Revised: 03 Mar 2010
Max Bruche and Javier Suarez
Humboldt University of Berlin and Centre for Monetary and Financial Studies (CEMFI)
Downloads 240 (244,829)
Citation 14

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deposit insurance, money markets, bank solvency, financial market freezes

7.

Debt Maturity and the Liquidity of Secondary Debt Markets

Downloads 237 (247,852)
Citation 86

Debt Maturity and the Liquidity of Secondary Debt Markets

Journal of Financial Economics (JFE), Vol. 124, No. 3, 2017
Number of pages: 45 Posted: 16 Feb 2013 Last Revised: 11 May 2017
Max Bruche and Anatoli Segura
Humboldt University of Berlin and Bank of Italy
Downloads 161 (352,061)
Citation 64

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debt maturity, search, liquidity

Debt Maturity and the Liquidity of Secondary Debt Markets

Bank of Italy Temi di Discussione (Working Paper) No. 1049
Number of pages: 58 Posted: 02 Apr 2016
Max Bruche and Anatoli Segura
Humboldt University of Berlin and Bank of Italy
Downloads 76 (608,462)
Citation 25

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debt maturity, search, liquidity

8.

A Structural Model of Debt Pricing with Creditor-Determined Liquidation

Journal of Economic Dynamics and Control, Vol. 34, pp. 951-967, 2010
Number of pages: 29 Posted: 01 Oct 2009 Last Revised: 02 Dec 2011
Max Bruche and Hassan Naqvi
Humboldt University of Berlin and Monash University
Downloads 222 (263,758)
Citation 1

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Defaultable Debt Pricing, Creditor Induced Liquidation,Premature Liquidation

9.

What Do Lead Banks Learn from Leveraged Loan Investors?

FRB of Chicago Working Paper No. 2023-44
Number of pages: 57 Posted: 19 Dec 2023 Last Revised: 04 Mar 2024
Max Bruche, Ralf Meisenzahl and David Xiaoyu Xu
Humboldt University of Berlin, Federal Reserve Bank of Chicago and Southern Methodist University (SMU) - SMU Cox School of Businessaffiliation not provided to SSRN
Downloads 57 (695,017)

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syndicated loans, leveraged loans, underwriting

10.

The Macroeconomics of Money Market Freezes

CEPR Discussion Paper No. DP7304
Number of pages: 51 Posted: 15 Jul 2009
Max Bruche and Javier Suarez
Humboldt University of Berlin and Centre for Monetary and Financial Studies (CEMFI)
Downloads 3 (1,165,820)
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deposit insurance, financial crisis, money markets, spreads

Other Papers (1)

Total Downloads: 19
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1.

Agency Frictions, Dealer Funding, and Market Liquidity

Number of pages: 50 Posted: 01 Oct 2018 Last Revised: 09 Nov 2018
Max Bruche and John Chi-Fong Kuong
Humboldt University of Berlin and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 19

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dealers, market-making, asset liquidity, moral hazard, regulation