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Investment, capital market imperfections, and uncertainty : theory and empirical results

Lensink, Robert; Bo, Hong; Sterken, Elmer - 2001

This book presents an up-to-date overview of the theory as well as the empirics of the relationship between investment …, the authors discuss both traditional investment models with uncertainty and the more modern option based models. They … present an overview of empirical results of the modelling of investment under uncertainty. In these examples, the effects of …

Persistent link: https://www.econbiz.de/10014473824

Monetary easing, leveraged payouts and lack of investment

Acharya, Viral V.; Plantin, Guillaume - 2020

Persistent link: https://www.econbiz.de/10012239040

Liquidity risk and correlation risk : a clinical study of the General Motors and Ford downgrade of May 2005

Acharya, Viral V.; Schaefer, Stephen M.; Zhang, Yili - 2007

Persistent link: https://www.econbiz.de/10003640610

Rollover risk and market freezes

Acharya, Viral V.; Gale, Douglas M.; Yorulmazer, Tanju - 2009

Persistent link: https://www.econbiz.de/10003807981

Rollover risk and market freezes

Acharya, Viral V.; Gale, Douglas; Yorulmazer, Tanju - 2010

"The crisis of 2007-09 has been characterized by a sudden freeze in the market for short-term, secured borrowing. We present a model that can explain a sudden collapse in the amount that can be borrowed against finitely-lived assets with little credit risk. The borrowing in this model takes the...

Persistent link: https://www.econbiz.de/10003931359

Securitization without risk transfer

Acharya, Viral V.; Schnabl, Philipp; Suárez, Gustavo A. - 2010

"We analyze asset-backed commercial paper conduits which played a central role in the early phase of the financial crisis of 2007-09. We document that commercial banks set up conduits to securitize assets while insuring the newly securitized assets using credit guarantees. The credit guarantees...

Persistent link: https://www.econbiz.de/10003937027

Leverage, moral hazard and liquidity

Acharya, Viral V.; Viswanathan, S. - 2010

Persistent link: https://www.econbiz.de/10003955091

Counterparty risk externality : centralized versus over-the-counter markets

Acharya, Viral V.; Bisin, Alberto - 2011

"We model the opacity of over-the-counter (OTC) markets in a setup where agents share risks, but have incentives to default and their financial positions are not mutually observable. We show that this setup results in excess "leverage" in that parties take on short OTC positions that lead to...

Persistent link: https://www.econbiz.de/10009009558

Securitization without risk transfer

Acharya, Viral V.; Schnabl, Philipp; Suárez, Gustavo A. - 2012

Persistent link: https://www.econbiz.de/10009502459

A proposal for the resolution of systemically important assets and liabilities : the case of the repo market

Acharya, Viral V.; Öncü, T. Sabri - 2012

Persistent link: https://www.econbiz.de/10009558235