Results 11 to 20 of about 1,985,541 (297)
Financial Market Frictions [PDF]
, 2007 Defined simply as anything that interferes with trade, financial market frictions can exist even in efficient markets. Understanding financial market frictions is important, this article argues, because they generate real costs to investors, because they generate business opportunities, and because they change over time.
Robotti, C, DeGennaro, R
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A Comparative Evaluation of the Effect of Financial Frictions on the Transmission Mechanism of Monetary Policy with an Emphasis on the Endogeneity of Money on Iran’s Economy [PDF]
فصلنامه پژوهشهای اقتصادی ایران, 2023 One of the factors that change the results of the expansionary monetary policy through the credit channel on the economy is the financial frictions that affected Iran's economy especially in the 2002’s and 2022’s.
Hossein Samsami +2 more
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Financial Frictions, Investment and Tobin's q [PDF]
SSRN Electronic Journal, 2007 We develop a model of investment with financial constraints and use it to investigate the relation between investment and Tobin's q. A firm is financed partly by insiders, who control its assets, and partly by outside investors. When their wealth is scarce, insiders earn a rate of return higher than the market rate of return, i.e., they receive a quasi-
Lorenzoni, Guido, Walentin, Karl
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Financial Frictions and Fluctuations in Volatility [PDF]
Journal of Political Economy, 2018 During the recent U.S. financial crisis, the large decline in economic activity and credit was accompanied by a large increase in the dispersion of growth rates across firms. However, even though aggregate labor and output fell sharply during this period, labor productivity did not.
Cristina Arellano +2 more
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Financial frictions and uncertainty shocks
Macroeconomic Dynamics, 2023 Abstract This paper examines how credit constraints shape the transmission of uncertainty shocks in business cycles. Standard models struggle to capture the simultaneous declines in output, consumption, investment, and labor hours during uncertainty spikes.
Shih-Yang Lin +2 more
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Financial Frictions and Occupational Mobility [PDF]
SSRN Electronic Journal, 2012 We study the eects of nancial market incompleteness on occupational mobility. Incomplete insurance reduces occupational mobility and, as a result, the correlation of labor supply with occupational productivity is lower than under complete markets. Low-asset workers remain in low-productivity occupations even when the expected value of switching is ...
William B. Hawkins, Jose Mustre-del-Rio
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Financial Frictions and Global Spillovers [PDF]
SSRN Electronic Journal, 2015 We investigate whether frictions in US financial markets amplify the international propagation of US financial shocks. The dynamics of the US economy is modeled jointly with global macroeconomic and financial variables using a threshold vector autoregression that allows us to capture regime-dependent dynamics conditional on the tightness of US credit ...
Metiu, Norbert +2 more
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Financial Frictions and the Wealth Distribution [PDF]
SSRN Electronic Journal, 2019 We postulate a continuous‐time heterogeneous agent model with a financial sector and households to study the nonlinear linkages between aggregate and financial variables. In our model, the interaction between the supply of bonds by the financial sector and the precautionary demand for bonds by households produces significantendogenous aggregate risk ...
Fernández-Villaverde, Jesús +2 more
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News Shocks under Financial Frictions [PDF]
American Economic Journal: Macroeconomics, 2020 We examine the dynamic effects of TFP news shocks in the context of frictions in financial markets. We document two new facts. First, a shock to future TFP generates a significant decline in credit spread indicators along with a robust improvement in credit supply indicators.
Görtz, Christoph +2 more
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Financial market frictions and diversification [PDF]
Journal of Financial Economics, 2016 We find new facts that relate the evolution of firm scope to the changing frictions in external capital markets over the last three decades. We find that large, diversified publicly traded firms increase their scope during times of high external capital market frictions, such as in the recent Great Recession.
Matvos, G, Seru, A, Silva, R
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