Results 191 to 200 of about 35,866 (300)

What Drives Banks' and FinTechs' Systemic Risk: An Analysis on Crypto Assets Contagion and Firm‐Specific Characteristics

open access: yesFinancial Markets, Institutions &Instruments, EarlyView.
ABSTRACT This paper studies the determinants of banks' and fintech companies' systemic risk. We adopt both a systemic and firm‐level perspective and consider not only factors traditionally used to explain systemic riskiness, which have never been applied to the fintech sector, but also the new potential source of instability, for both banks and fintech
Domenico Curcio   +3 more
wiley   +1 more source

Firm Size and Momentum Returns: The Roles of Analyst Coverage and Herding Behavior

open access: yesFinancial Markets, Institutions &Instruments, EarlyView.
ABSTRACT Momentum strategies have historically generated excess returns, but their effectiveness noticeably deteriorated in the post‐pandemic period, especially in 2022–23. In this paper, we explore how changes in investor attention during and after the COVID‐19 pandemic may have altered the performance of momentum strategies.
Yiyi Zhang, He He, Qian Guo, Jing Chen
wiley   +1 more source

How Does Progressivity Affect the Tax Cut Multiplier?

open access: yesInternational Economic Review, EarlyView.
ABSTRACT How does the targeting of personal income tax cuts affect the output multiplier? This paper provides quantitative evidence using a heterogeneous‐agent New‐Keynesian model calibrated to match US distributions of income, wealth, marginal tax rates, and marginal propensities to consume.
Christian Gillitzer
wiley   +1 more source

Rational Expectations Fools' Bubbles

open access: yesInternational Economic Review, EarlyView.
ABSTRACT We develop a rational, Walrasian model of speculative bubbles inspired by the Kindleberger–Minsky view, which describes bubbles as wave‐like market processes. Touched off by an initial shock, price booms are initially self‐reinforcing but become self‐destructive later when prices surpass fundamental value.
Luis Araujo, Antonio Doblas‐Madrid
wiley   +1 more source

The Causal Effect of Parents' Education on Children's Earnings

open access: yesInternational Economic Review, EarlyView.
ABSTRACT We develop and estimate a model of endogenous schooling and earnings to isolate the causal effect of parents' education on children's outcomes. Identification uses earnings differences among children with equal schooling whose parents have different schooling.
Sang Yoon (Tim) Lee   +2 more
wiley   +1 more source

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