Narrow search
Showing 1 - 10 of 1,893
Cover Image
Modelling Persistence and Non-Linearities in the US Treasury 10-Year Bond Yields
Caporale, Guglielmo Maria; Gil-Alana, Luis A.; Yaya, … - 2022
This paper analyses persistence and non-linearities in quarterly and monthly US Treasury 10-year bond yields over the …
Persistent link: https://www.econbiz.de/10013306037
Cover Image
Uncertainty and the Cost of Bank vs. Bond Finance
Grimme, Christian - 2019
How does uncertainty affect the costs of raising finance in the bond market and via bank loans? Empirically, this paper … finds that heightened uncertainty is accompanied by an increase in corporate bond yields and a decrease in bank lending … the value of the lending relationship and lowers the lending rate. Bond investors demand compensation for the increased …
Persistent link: https://www.econbiz.de/10012892132
Cover Image
Debt as Safe Asset
Brunnermeier, Markus K.; Merkel, Sebastian; Sannikov, Yuliy - 2022
The price of a safe asset reflects not only the expected discounted future cash flows but also future service flows, since retrading allows partial insurance of idiosyncratic risk in an incomplete markets setting. This lowers the issuers’ interest burden and allows the government to run a...
Persistent link: https://www.econbiz.de/10013308246
Cover Image
57 Channels (and Nothin on) - Does TV-News on the Eurozone Affect Government Bond Yield Spreads?
Wolfinger, Julia - 2019
This paper empirically investigates the relationship between TV news coverage and the GIIPS countries’ bond yield …
Persistent link: https://www.econbiz.de/10012892159
Cover Image
Yield Curve and Financial Uncertainty : Evidence Based on Us Data
Castelnuovo, Efrem - 2019
How do short and long term interest rates respond to a jump in financial uncertainty? We address this question by conducting a local projections analysis with US monthly data, period: 1962-2018. The state-of-the-art financial uncertainty measure proposed by Ludvigson, Ma, and Ng (2019) is found...
Persistent link: https://www.econbiz.de/10012867014
Cover Image
Climate Finance Intermediation : Interest Spread Effects in a Climate Policy Model
Lessmann, Kai - 2020
Interest rates are central determinants of saving and investment decisions. Costly financial intermediation distort these price signals by creating a spread between the interest rates on deposits and loans with substantial effects on the supply of funds and the demand for credit. This study...
Persistent link: https://www.econbiz.de/10012830109
Cover Image
The Term Structure of Interest Rates in a Heterogeneous Monetary Union
Costain, James S.; Nuno, Galo; Thomas, Carlos - 2022
default probability, showing that it decreases with central bank bond-holdings. Calibrating the model to Germany and Italy, we …
Persistent link: https://www.econbiz.de/10014080055
Cover Image
Political Support, Cognitive Dissonance and Political Preferences
Artiga González, Tanja; Capozza, Francesco; Granic, … - 2022
conceptualize our arguments in a theoretical model of policy preference changes rooted in cognitive dissonance theory. A pre …-registered, online experiment with 1,200 U.S. participants confirms our main hypotheses. As predicted by cognitive dissonance theory …
Persistent link: https://www.econbiz.de/10013306851
Cover Image
Tenant Riskiness, Contract Length, and the Term Structure of Commercial Leases
Brueckner, Jan K.; Rosenthal, Stuart S. - 2023
contracts. Theory shows that the possibility of default on a long-term lease generates a risk/lease-length connection. The …
Persistent link: https://www.econbiz.de/10014263217
Cover Image
An extended macro-finance model with financial factors
Dewachter, Hans; Iania, Leonardo - 2010
This paper extends the benchmark Macro-Finance model by introducing, next to the standard macroeconomic factors, additional liquidity-related and return forecasting factors. Liquidity factors are obtained from a decomposition of the TED spread while the return-forecasting (risk premium) factor...
Persistent link: https://www.econbiz.de/10010266074