Zobrazeno 1 - 10
of 966
pro vyhledávání: '"jel:G0"'
Autor:
Andrea Frazzini, Lasse Heje Pedersen
Publikováno v:
The Review of Asset Pricing Studies. 12:1-52
Many financial instruments are designed with embedded leverage, such as options and leveraged exchange-traded funds (ETFs). Embedded leverage alleviates investors’ leverage constraints, and, therefore, we hypothesize that embedded leverage lowers r
Publikováno v:
Journal of Political Economy. 127:689-729
Heightened counterparty risk during the recent financial crisis has raised questions about the role clearinghouses play in global financial stability. Empirical identification of the effect of centralized clearing on counterparty risk is challenging
Publikováno v:
American Economic Review. 108:454-488
We present a novel empirical benchmark for analyzing credit risk using “pseudo firms” that purchase traded assets financed with equity and zero-coupon bonds. By no-arbitrage, pseudo bonds are equivalent to Treasuries minus put options on pseudo f
Publikováno v:
Critical Finance Review. 6:263-301
The covariance between US Treasury bond returns and stock returns has moved considerably over time. While it was slightly positive on average in the period 1953--2009, it was unusually high in the early 1980''s and negative in the 2000''s, particular
Autor:
Maik Heinemann, Christiane Clemens
This paper examines the consequences of international financial integration in a two–sector heterogeneous–agent dynamic general equilibrium model of occupational choice with financial constraints and idiosyncratic risks. We discuss the
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::33d5a5281336b1f1331d0d0b32c93a54
https://doi.org/10.1017/s1365100517000979
https://doi.org/10.1017/s1365100517000979
Publikováno v:
Review of Finance. 21:153-200
Stock prices are more informative when the information has less social value. Speculators with limited resources making costly (private) information production decisions must decide to produce information about some firms and not others. We show that
Autor:
Pierre Collin-Dufresne, Vyacheslav Fos
Publikováno v:
Econometrica. 84:1441-1475
We extend Kyle's (1985) model of insider trading to the case where liquidity provided by noise traders follows a general stochastic process. Even though the level of noise trading volatility is observable, in equilibrium, measured price impact is sto
Publikováno v:
Econometrica. 84:195-242
We provide a theoretical and empirical analysis of the link between financial and real health care markets. This link is important as financial returns drive investment in medical research and development (R&D), which, in turn, affects real spending
Autor:
Jaime Marques-Pereira, Bruno Théret, Ludovic Desmedt, Pepita Ould Ahmed, Jérôme Blanc, Laurent Le Maux
Publikováno v:
Monetary Plurality in Local, Regional and Global Economies
Monetary Plurality in Local, Regional and Global Economies, pp.18-47, 2018
Monetary plurality in local, regional and global economies
Gómez, Georgina M. Monetary plurality in local, regional and global economies, Routledge, pp.18-47, 2018, 978-1-138-28028-1
HAL
Monetary Plurality in Local, Regional and Global Economies, pp.18-47, 2018
Monetary plurality in local, regional and global economies
Gómez, Georgina M. Monetary plurality in local, regional and global economies, Routledge, pp.18-47, 2018, 978-1-138-28028-1
HAL
The objective of this article is to identify the monetary plurality in economic theory. We will try to throw light on the way in which theories are attracted towards both unicity and plurality, and more specifically by unification and diversification
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::88c32f77e35743bfa6791bc96bb692b9
https://hal.archives-ouvertes.fr/hal-02165188
https://hal.archives-ouvertes.fr/hal-02165188
Publikováno v:
Review of Financial Studies. 28:3153-3187
We examine information spillover as a source of stock return synchronicity, where information about highly-followed "prominent" stocks is used to price other "neglected" stocks sharing a common fundamental component. We find that stocks followed by f