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Debt Maturity Structure and Liquidity Risk
, 1991This paper analyzes debt maturity structure for borrowers with private information about their future credit rating. Borrowers' projects provide them with rents that they cannot assign to lenders.
Douglas W. Diamond
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The Aggregate Demand for Treasury Debt
Journal of Political Economy, 2012Investors value the liquidity and safety of US Treasuries. We document this by showing that changes in Treasury supply have large effects on a variety of yield spreads. As a result, Treasury yields are reduced by 73 basis points, on average, from 1926 to
A. Krishnamurthy+1 more
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Debt, liquidity constraints, and corporate investment: evidence from panel data
, 1992This paper presents evidence supporting the theory that problems of asymmetric information in debt markets affect financially unhealthy firms' ability to obtain outside finance and, consequently, their allocation of real investment expenditure over time.
Toni M. Whited
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The Annual review of sociology, 2018
Increasing access to diverse types of credit and spreading indebtedness across many social groups were significant economic developments of the twentieth century and into the twenty-first, with implications for social inequality and insecurity.
Rachel E. Dwyer
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Increasing access to diverse types of credit and spreading indebtedness across many social groups were significant economic developments of the twentieth century and into the twenty-first, with implications for social inequality and insecurity.
Rachel E. Dwyer
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How Big are the Tax Benefits of Debt
, 2000I integrate under firm-specific benefit functions to estimate that the capitalized tax benefit of debt equals 9.7 percent of firm value (or as low as 4.3 percent, net of personal taxes).
J. Graham
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The Debt-Deflation Theory of Great Depressions
, 1933IN Booms and Depressions, I have developed, theoretically and statistically, what may be called a debt-deflation theory of great depressions.
I. Fisher
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Faculty Opinions recommendation of Land clearing and the biofuel carbon debt.
, 2008A. Hector
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Impact of sleep debt on metabolic and endocrine function
The Lancet, 1999K. Spiegel, R. Leproult, E. Cauter
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