Zobrazeno 1 - 10
of 55
pro vyhledávání: '"Horacio Sapriza"'
Publikováno v:
Finance and Economics Discussion Series. 2022:1-59
Our paper studies the role of the collateral channel for bank credit using confidential bank-firm-loan data. We estimate that for a 1 percent increase in collateral values, firms pledging real estate collateral experience a 12 basis point higher grow
Publikováno v:
The Review of Financial Studies. 35:438-481
We analyze the impact of monetary policy on bilateral cross-border bank flows using the BIS Locational Banking Statistics between 1995 and 2014. We find that monetary policy in the source countries is an important determinant of cross-border bank flo
Autor:
Carlo Eduardo Alcaraz Pribaz, Stijn Claessens, Gabriel Cuadra, David Marques-Ibanez, Horacio Sapriza
Publikováno v:
SSRN Electronic Journal.
Autor:
Arun Gupta, Horacio Sapriza
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
Finance and Economics Discussion Series. 2019:1-40
This paper constructs a leading macroeconomic indicator from microeconomic data using recent machine learning techniques. Using tree-based methods, we estimate probabilities of default for publicly traded non-financial firms in the United States. We
Publikováno v:
Journal of Economic Dynamics and Control. 139:104435
Publikováno v:
e-Archivo. Repositorio Institucional de la Universidad Carlos III de Madrid
instname
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Sovereign debt crises involve debt restructurings characterized by a mix of face value haircuts and maturity extensions. The prevalence of maturity extensions has been hard to reconcile with economic theory. We develop a model of endogenous debt rest
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::96764d9f813c24ee1628a282f631de75
https://hdl.handle.net/10016/34102
https://hdl.handle.net/10016/34102
Publikováno v:
Journal of Monetary Economics. 95:72-85
This study develops a novel model of endogenous sovereign debt maturity that rationalizes various stylized facts about debt maturity and the yield spread curve: first, sovereign debt duration and maturity generally exceed one year, and co-move positi
Publikováno v:
Journal of International Economics. 133:103519
Using supervisory data on the U.S. branches of foreign banks and their syndicated loans, we show that the branches of euro-area banks suffered a liquidity shock in the form of reduced access to wholesale funding from U.S. money market funds during th
Publikováno v:
Open Economies Review. 28:191-232
This paper explores the direct effects and spillovers of unconventional monetary and exchange rate policies. We find that official purchases of foreign assets have a large positive effect on a country’s current account that diminishes considerably