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Do stock price bubbles influence corporate investment?
Gilchrist, Simon (contributor);  … - 2004 - [Elektronische Ressource]
Building on recent developments in behavioral asset pricing, we develop a model in which an increase in the dispersion of investor beliefs under short-selling constraints predicts a "bubble," or a rise in a stock's price above its fundamental value. Our model predicts that managers respond to...
Persistent link: https://www.econbiz.de/10001936312
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How does risk management influence production decisions? evidence from a field experiment
Cole, Shawn; Gine, Xavier; Vickery, James - Federal Reserve Bank of New York - 2014
Weather is a key source of income risk, particularly in emerging market economies. This paper uses a randomized …-return but higher-risk cash crops. Our results support the view that financial innovation can mitigate the real effects of … uninsured production risk. Addressing the puzzle of low adoption, we show that payouts improve trust in the product and that …
Persistent link: https://www.econbiz.de/10011027207
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How valuable is exchange rate flexibility? : Optimal monetary policy under sectoral shocks
Tille, Cédric (contributor) - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001656406
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Terms of trade and exchange rate regimes in developing countries
Broda, Christian M. (contributor) - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001656410
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Is the integration of world asset markets necessarily beneficial in the presence of monetary shocks?
Tille, Cédric (contributor) - 2000 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001527601
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Modeling uncertainty : predictive accuracy as a proxy for predictive confidence
Rich, Robert W. (contributor); Tracy, Joseph S. (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001751995
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Idiosyncratic risk and volatility bounds, or can models with idiosyncratic risk solve the equity premium puzzle?
Lettau, Martin (contributor) - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001590071
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Are bank holding companies a source of strength to their banking subsidiaries?
Ashcraft, Adam B. (contributor) - 2004 - [Elektronische Ressource]
I present evidence that the cross-guarantee authority granted to the FDIC by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 has unexpectedly strengthened the Federal Reserve's source-of-strength doctrine. In particular, I find that a bank affiliated with a multi-bank...
Persistent link: https://www.econbiz.de/10002128532
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CDS and equity market reactions to stock issuances in the U.S. financial industry: evidence from the 2002-13 period
Mehran, Hamid; Wei, Chenyang; Cornette, Marcia Millon; … - Federal Reserve Bank of New York - 2014
. To assess the risk and valuation implications of these seasoned equity issuances, we conduct an event analysis using …
Persistent link: https://www.econbiz.de/10010942922
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Studies on corporate leverage
Frydl, Edward J. (contributor) - 1990
Persistent link: https://www.econbiz.de/10000849909