Results 31 to 40 of about 82,071 (46)
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Monitor Reputation and Transparency
Social Science Research Network, 2023We study the disclosure policy of a regulator overseeing a monitor with reputation concerns. The monitor faces a manager, who chooses how much to manipulate based on the monitor’s reputation.
I. Marinovic, M. Szydlowski
semanticscholar +1 more source
Price Rigidities and Credit Risk
Social Science Research NetworkWe develop a capital structure model in which firms feature differential flexibility in adjusting output prices. Inflexible-price firms have lower profits and higher cash flow volatility, leading in equilibrium to lower financial leverage, shorter debt ...
Patrick Augustin +3 more
semanticscholar +1 more source
Consumer Credit Reporting Data
Journal of Economic LiteratureSince the 2000s, economists across fields have increasingly used consumer credit reporting data for research. We introduce readers to the economics and institutional details of these data. Using examples from the literature, we provide practical guidance
Christa Gibbs +5 more
semanticscholar +1 more source
The Role of Taxes in the Rise of ETFs
The Review of financial studiesThis paper argues that a lesser known yet economically significant tax-deferral feature of ETFs’ security design is crucial to their success. By relying on the in-kind redemption exemption, authorized participants help ETFs avoid distributing capital ...
R. Moussawi, Ke Shen, Raisa Velthuis
semanticscholar +1 more source
Journal of Political Economy
We show how early warning about an impending regime change eliminates panic. Agents anticipate a future shock and decide when to attack. Waiting is costly, especially when others attack and cause a regime change while one waits. This may create panic. We
Deepal Basak, Zhen Zhou
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We show how early warning about an impending regime change eliminates panic. Agents anticipate a future shock and decide when to attack. Waiting is costly, especially when others attack and cause a regime change while one waits. This may create panic. We
Deepal Basak, Zhen Zhou
semanticscholar +1 more source
Financial Literacy and Inclusion in India: Evidence from Household-level Data after Demonetization
Journal of Emerging Market FinanceThis article examines the link between financial literacy and financial inclusion in India between 2015 and 2018 using household-level survey data. We explore heterogeneities by gender using data from households with female respondents.
Anchal Khandelwal +2 more
semanticscholar +1 more source
The American Economic Review
Geographic dispersion of depositors, borrowers, and banks may prevent funding from flowing to high-loan-demand areas, limiting credit access. Using bank-county-year-level data, we provide evidence of geographic imbalance of deposits and loans and develop
Victor Aguirregabiria +2 more
semanticscholar +1 more source
Geographic dispersion of depositors, borrowers, and banks may prevent funding from flowing to high-loan-demand areas, limiting credit access. Using bank-county-year-level data, we provide evidence of geographic imbalance of deposits and loans and develop
Victor Aguirregabiria +2 more
semanticscholar +1 more source
Banks’ Motivations for Designating Securities as Held to Maturity
Accounting ReviewWe provide evidence that banks classify fixed-rate debt investment securities as held to maturity (HTM) rather than as available for sale (AFS) when HTM classification provides preferred financial accounting and regulatory capital treatments, not ...
Sehwa Kim, Seil Kim, Stephen G. Ryan
semanticscholar +1 more source
Bank Risk-Taking, Credit Allocation, and Monetary Policy Transmission: Evidence from China
American Economic Journal: MacroeconomicsUsing confidential loan-level data, we examine how Basel III influenced the responses of bank risk-taking to monetary policy shocks in China. We use a difference-in-differences (DID) approach, exploiting disparities in lending behavior between high- and ...
Xiaoming Li +3 more
semanticscholar +1 more source
Bank Debt, Mutual Fund Equity, and Swing Pricing in Liquidity Provision
Social Science Research NetworkLiquidity provision is often attributed to debt-issuing intermediaries like banks. We develop a unified theoretical framework and empirically show that mutual funds issuing demandable equity also provide an economically significant amount of liquidity ...
Yiming Ma, Kairong Xiao, Yao Zeng
semanticscholar +1 more source