Max Bruche

Cass Business School, City University London

Associate Professor (Reader) in Finance

106 Bunhill Row

London, EC1Y 8TZ

United Kingdom

http://www.maxbruche.net

Financial Markets Group (LSE)

Research Associate

Houghton Street

London WC2A 2AE

United Kingdom

SCHOLARLY PAPERS

7

DOWNLOADS
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Top 19,403

in Total Papers Downloads

1,877

CITATIONS
Rank 10,902

SSRN RANKINGS

Top 10,902

in Total Papers Citations

38

Scholarly Papers (7)

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
Cass Business School, City University London and Centre for Monetary and Financial Studies (CEMFI)
Downloads 770 (21,871)
Citation 28

Abstract:

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
Cass Business School, City University London
Downloads 371 (61,645)
Citation 1

Abstract:

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
Cass Business School, City University London and Centre for Monetary and Financial Studies (CEMFI)
Downloads 198 (109,337)

Abstract:

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

4.

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
Cass Business School, City University London and Centre for Monetary and Financial Studies (CEMFI)
Downloads 184 (123,434)
Citation 6

Abstract:

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

5.

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
Cass Business School, City University London and SKK Graduate School of Business
Downloads 142 (158,045)
Citation 2

Abstract:

Defaultable Debt Pricing, Creditor Induced Liquidation,Premature Liquidation

Debt Maturity and the Liquidity of Secondary Debt Markets

Number of pages: 44 Posted: 16 Feb 2013 Last Revised: 13 Jan 2017
Max Bruche and Anatoli Segura
Cass Business School, City University London and Bank of Italy
Downloads 97 (217,599)

Abstract:

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
Cass Business School, City University London and Bank of Italy
Downloads 28 (396,933)

Abstract:

debt maturity, search, liquidity

7.

The Macroeconomics of Money Market Freezes

CEPR Discussion Paper No. DP7304
Number of pages: 51 Posted: 15 Jul 2009
Max Bruche and Javier Suarez
Cass Business School, City University London and Centre for Monetary and Financial Studies (CEMFI)
Downloads 3 (508,361)
Citation 1

Abstract:

deposit insurance, financial crisis, money markets, spreads