Max Bruche

Senior Lecturer in Finance, Cass Business School
Research Associate, Financial Markets Group - London School of Economics

This is my personal homepage. See also my official Cass homepage.

Contact Info
Cass Business School
106 Bunhill Row
London EC1Y 8TZ, UK
Email: max.bruche.1@city.ac.uk
tel: +44 (20) 7040 5106

CV (pdf)

Research interests
Corporate finance, banking, credit risk

Working papers

• "Debt Maturity and Liquidity of Secondary Debt Markets," February 2013, with Anatoli Segura.
  [Paper] [Paper on SSRN]
• "Preventing Zombie Lending," October 2012, with Gerard Llobet.
  (This is a revised version of "Walking Wounded or Living Dead? Making Banks Foreclose Bad Loans," first circulated in June 2010.)
  Accepted at the Review of Financial Studies.
  [Paper] [Paper on SSRN] [Non-technical description on VoxEU] [Mark Fiore on zombie banks]

• "Creditor Coordination, Liquidation Timing, and Debt Valuation."
  Journal of Financial and Quantitative Analysis, October 2011, 46(5), 1407-1436. [Paper] [Paper on SSRN] [Paper at Cambridge Journals Online]
• "A Structural Model of Debt Pricing with Creditor-Determined Liquidation," with Hassan Naqvi.
  Journal of Economic Dynamics and Control, May 2010, 34(5), 951-967. [Paper] [Paper on SSRN]
  
• "Recovery Rates, Default Probabilities, and the Credit Cycle," with Carlos González-Aguado.
  Journal of Banking and Finance, April 2010, 34(4), 713-723. [Paper] [Paper on SSRN] [Presentation] [Sample Matlab Code] [Web appendix]
• "Deposit Insurance and Money Market Freezes," with Javier Suárez.
  Journal of Monetary Economics, January 2010, 57(1), 45-61. [Paper] [Paper on SSRN] [Presentation] [Non-technical description on VoxEU ]

• "Estimating Structural Models of Corporate Bond Prices," July 2007.
  [Paper]

Other stuff
Check out my page about useful software for economists. I also have a page on which I put up some code that I wrote.