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Remarks by President Dudley at the Foreign Policy Association Corporate Dinner, New York City.
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This paper explores liquidity spillovers in market-capitalization-based portfolios of NYSE stocks. Return, volatility …-cap stocks are stronger when spreads in the large-cap sector are wider. Consistent with the notion that private informational … trading in large-cap stocks is transmitted to other stocks with a lag, order flows in the large-cap-stock decile predict both …
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This paper's regression analyses from a sample of 261 firms that adopted 486 antitakeover provisions (supermajority, classified boards, fair-price, reduction in cumulative voting, anti-greenmail and poison pills) in the 1984-1988 period indicate that the negative market reactions to antitakeover...
Persistent link: https://www.econbiz.de/10005387415
about them. For example, liquidity one year after the pick day remains higher for these stocks than for a sample matched … microstructure factors, we find that stocks with lower initial liquidity have greater improvements in liquidity on the pick day …. Further, stocks with lower initial liquidity and higher pick-day liquidity have higher pick-day excess returns. These results …
Persistent link: https://www.econbiz.de/10005726621
This paper is the first to document the presence of a private premium in public bonds. We find that spreads are 31 basis points higher for public bonds of private companies than for bonds of public companies, even after controlling for observable differences, including rating, financial...
Persistent link: https://www.econbiz.de/10010551296
We compare the inflation expectations reported by consumers in a survey with their behavior in a financially incentivized investment experiment designed such that future inflation affects payoffs. The inflation expectations survey is found to be informative in the sense that the beliefs reported...
Persistent link: https://www.econbiz.de/10009274483
Remarks hosted by the Institute of Regulation & Risk North Asia, Hong Kong
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Remarks at the Central Reserve Bank of Peru on the Foreign Sovereign Immunities Act and Central Bank Immunity in the United States.
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