Results 221 to 230 of about 197,862 (341)

Testing for Contagion in International Financial Markets: To See More, Go Higher

open access: yesFinancial Review, EarlyView.
ABSTRACT Traditional measures of financial contagion rely on correlation shifts, overlooking higher moments such as skewness and kurtosis. We examine contagion during two major financial crises, incorporating lower‐ and higher‐moment measures. We analyze stock market returns from 22 major markets at different frequencies, offering a global perspective ...
Simeon Coleman, Vitor Leone
wiley   +1 more source

Political Partisanship and State‐Level Bank Efficiency

open access: yesFinancial Review, EarlyView.
ABSTRACT We examine the relationship between political partisanship and commercial bank efficiency in the United States from 1972 to 2020, assessing the persistent influence of political affiliations at the state and District of Columbia levels. Bank efficiency scores are estimated using a double‐bootstrap approach, and the analysis is conducted within
Jeremy Eng‐Tuck Cheah   +3 more
wiley   +1 more source

Flexible Contract, Flexible Morale? Microcredit Design and Repayment Discipline

open access: yesInternational Economic Review, EarlyView.
ABSTRACT Flexible repayment benefits borrowers, but practitioners fear increased moral hazard. Investigating their concerns requires disentangling repayment choices from repayment capacity, which is typically infeasible in field studies. We use a lab‐in‐the‐field experiment with 645 microcredit borrowers to cleanly identify the effect of repayment ...
Kristina Czura, Anett John, Lisa Spantig
wiley   +1 more source

The Short and the Long of It: Stock‐Flow Matching in the US Housing Market

open access: yesInternational Economic Review, EarlyView.
ABSTRACT From 2006 until 2020, the probability of selling a house in the U.S. declined sharply after listing for 2 weeks. Moreover, sales within the first 2 weeks of listing (“quick sales”) and sales happening afterward (“slow sales”) behaved differently over the housing cycle.
Eric Smith, Zoe Xie, Lei Fang
wiley   +1 more source

Mitigating financial fragility with Continuous Workout Mortgages

open access: yes, 2013
R. Shiller   +16 more
semanticscholar   +1 more source

When the Fed Sneezes, What Stock Market Catches the Cold?

open access: yesInternational Finance, EarlyView.
ABSTRACT This paper identifies three indicators of monetary policy surprises—unexpected changes in the federal funds rate, forward guidance and large‐scale asset purchases—and examines their effects on international stock prices using an intraday event study approach.
Carlo Rosa
wiley   +1 more source

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