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Netting, financial contracts, and banks : the economic implications
Bergman, William J.; Bliss, Robert R.; Johnson, Christian; … - 2004 - [Elektronische Ressource]
"Derivatives and certain other off-balance sheet contracts enjoy special legal protection on insolvent counterparties through a process referred to as 'close-out netting.' This paper explores the legal status and economic implications of this protection. While this protection benefits major...
Persistent link: https://www.econbiz.de/10001952220
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The double play : simultaneous speculative attacks on currency and equity markets
Chakravorti, Sujit (contributor); Lall, Subir (contributor) - 2000 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001658367
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Thoughts on financial derivatives, systematic risk, and central banking : a review of some recent developments
Hunter, William Curt (contributor);  … - 1999 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001658758
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Policy Intervention in Debt Renegotiation: Evidence from the Home Affordable Modification Program
Agarwal, Sumit; Amromin, Eugene; Ben-David, Itzhak; … - Federal Reserve Bank of Chicago - 2013
The main rationale for policy intervention in debt renegotiation is to enhance such activity when foreclosures are perceived to be inefficiently high. We examine the ability of the government to influence debt renegotiation by empirically evaluating the effects of the 2009 Home Affordable...
Persistent link: https://www.econbiz.de/10011027197
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The pitfalls in inferring risk from financial market data
Bliss, Robert R. (contributor) - 2000 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001658371
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Momentum Trading, Return Chasing and Predictable Crashes
Chabot, Benjamin; Ghysels, Eric; Jagannathan, Ravi - Federal Reserve Bank of Chicago - 2014
We combine self-collected historical data from 1867 to 1907 with CRSP data from 1926 to 2012, to examine the risk and … earned abnormally high risk-adjusted returns —a three factor alpha of 1 percent per month between 1927 and 2012 and 0 … remain invested in momentum even when the crash risk is known to be high when (1) he competes for funds from return and (2 …
Persistent link: https://www.econbiz.de/10011119888
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Mandatory Disclosure and Financial Contagion
Alvarez, Fernando; Barlevy, Gadi - Federal Reserve Bank of Chicago - 2014
This paper analyzes the welfare implications of mandatory disclosure of losses at financial institutions when it is common knowledge that some banks have incurred losses but not which ones. We develop a model that features contagion, meaning that banks not hit by shocks may still suffer losses...
Persistent link: https://www.econbiz.de/10010765415
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The declining? role of banking : proceedings
1994
Persistent link: https://www.econbiz.de/10000900196