Zobrazeno 1 - 10
of 31
pro vyhledávání: '"Mark J. Garmaise"'
Publikováno v:
The Review of Corporate Finance Studies. 12:366-401
The U.S. mortgage market exhibits competitive instability in which some lenders rapidly emerge from the fringe to substantial market shares. Using inferred discontinuities in application acceptance models to generate local lending shocks, we analyze
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::c51a4465f3355ba5d220339412172173
https://doi.org/10.1093/rcfs/cfad001
https://doi.org/10.1093/rcfs/cfad001
Autor:
Mark J. Garmaise, Gabriel Natividad
Publikováno v:
Journal of Financial and Quantitative Analysis. 56:249-282
Firms strategically borrow in different locations. Approximately one-quarter of Peruvian companies with operations in multiple areas source their financing from more than one province. Mining windfalls generate finance supply shocks, leading to the p
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f526ff96abda486b8a9101b8c68b44eb
https://doi.org/10.1017/s0022109020000010
https://doi.org/10.1017/s0022109020000010
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::cbbb283a816ec88c19d0ab87c5ccb584
https://doi.org/10.2139/ssrn.4132810
https://doi.org/10.2139/ssrn.4132810
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e6a24ffe10c4631a2fce11a2cd8f3b8f
https://doi.org/10.2139/ssrn.4008655
https://doi.org/10.2139/ssrn.4008655
Using high-frequency spending data, we show that household consumption displays excess sensitivity to salient macro-economic news, even when the news is not real. When the announced local unemployment rate reaches a 12-month maximum, local news cover
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::036b138753c37f76a39a545ee9655b9c
https://doi.org/10.3386/w27010
https://doi.org/10.3386/w27010
Autor:
Mark J. Garmaise, Gabriel Natividad
Publikováno v:
The Journal of Finance. 72:2331-2368
Why do negative credit events lead to long-term borrowing constraints? Exploiting banking regulations in Peru and utilizing currency movements, we show that consumers who face a credit rating downgrade due to bad luck experience a three-year reductio
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::ed5268f180701292b3af4f106968495a
https://doi.org/10.1111/jofi.12522
https://doi.org/10.1111/jofi.12522
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::1e2681d8e4db0e8836269311be22a2aa
https://doi.org/10.2139/ssrn.3471565
https://doi.org/10.2139/ssrn.3471565
Autor:
Mark J. Garmaise, Gabriel Natividad
Publikováno v:
The Review of Corporate Finance Studies. 5:139-165
How are neighboring firms affected when a bank learns more about a given firm? We analyze exchange-rate-induced movements of Peruvian firms across a threshold that governs their regulatory treatment by banks. Firms that cross the threshold supply mor
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::ec78465a0180bf79a0884221a35de319
https://doi.org/10.1093/rcfs/cfw005
https://doi.org/10.1093/rcfs/cfw005
Publikováno v:
Journal of Financial and Quantitative Analysis. 51:55-83
We show that business microloans to U.S. subprime borrowers have a very large impact on subsequent firm success. Using data on startup loan applicants from a lender that employed an automated algorithm in its application review, we implement a regres
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::2075e98ea992d50622f851c042da0e67
https://doi.org/10.1017/s0022109016000144
https://doi.org/10.1017/s0022109016000144
Autor:
Mark J. Garmaise
Publikováno v:
Regional Science and Urban Economics. 80:103386
This paper provides an overview of alternative mortgage designs and discusses their potential role in alleviating problems of housing affordability. Alternative mortgages with backloaded payments were popular in the pre-crisis years and, from a theor
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::7d95e181f8f676ad1ac05734856c414c
https://doi.org/10.1016/j.regsciurbeco.2018.07.009
https://doi.org/10.1016/j.regsciurbeco.2018.07.009