Similar Search Results

Risk and return in international corporate bond markets

Bekaert, Geert; De Santis, Roberto A. - 2020

Corporate bond returns in the major developed economies increase with risk, as measured by maturity and ratings. From a …

Persistent link: https://www.econbiz.de/10012422114

Liquidity (risk) concepts: definitions and interactions

Nikolaou, Kleopatra - 2009

We discuss the notion of liquidity and liquidity risk within the financial system. We distinguish between three … the root of liquidity risk lies in information asymmetries and the existence of incomplete markets. The role of central … risk. …

Persistent link: https://www.econbiz.de/10011605054

How Does Risk Flow in the Credit Default Swap Market?

D'Errico, Marco - 2017

We develop a framework to analyse the Credit Default Swaps (CDS) market as a network of risk transfers among counter …-parties. From a theoretical perspective, we introduce the notion of flow-of-risk and provide sufficient conditions for a bow … counter-parties: i) Ultimate Risk Sellers (URS), ii) Dealers (indirectly connected to each other),iii) Ultimate Risk Buyers …

Persistent link: https://www.econbiz.de/10012955748

Risk and Return in International Corporate Bond Markets

De Santis, Roberto A. - 2020

Corporate bond returns in the major developed economies increase with risk, as measured by maturity and ratings. From a …

Persistent link: https://www.econbiz.de/10012825946

Flexible asset purchases and repo market functioning

Grasso, Adriana; Poinelli, Andrea - 2025

Flexibility has progressively become a distinctive feature of the implementation of the Eurosystem's asset purchases. In its many manifestations, flexibility has also been used by asset managers in the daily selection of sovereign bonds to limit the impact of asset purchases on repo market...

Persistent link: https://www.econbiz.de/10015199443

Climate capitalists

Gormsen, Niels; Huber, Kilian; Oh, Sangmin - 2024

Firms' perceived cost of green capital has decreased since the rise of sustainable investing. Green and brown firms perceived their cost of capital to be the same before 2016, but after the post-2016 surge in sustainable investing, green firms perceived their cost of capital to be on average 1...

Persistent link: https://www.econbiz.de/10015199550

The rise in the cross sectoral dispersion of earnings expectations during COVID-19

Bats, Joost; Greif, William; Kapp, Daniel - 2022

This paper documents a durable increase in the cross-sectoral dispersion of earnings expectations during the COVID-19 crisis. The rise in dispersion of earnings forecasts can be explained by the introduction of lockdown measures, which had a particularly adverse impact on the travel sector....

Persistent link: https://www.econbiz.de/10013367994

Fund fragility: The role of investor base

Allaire, Nolwenn; Breckenfelder, Johannes; Hoerova, Marie - 2023

Using security-by-security data on investor holdings in the euro area, we study run dynamics across different fund-shares of the same fund during the unprecedented liquidity crisis in March 2020. For an average bond or equity mutual fund-share, households, other euro area funds, and the foreign...

Persistent link: https://www.econbiz.de/10014543612

Financial stability considerations in the conduct of monetary policy

Bochmann, Paul; Dieckelmann, Daniel; Fahr, Stephan; … - 2023

-term horizon, harming economic growth. Tighter conventional monetary policy reduces inflationary pressures but increases the risk …

Persistent link: https://www.econbiz.de/10014543621

How does risk flow in the credit default swap market?

D'Errico, Marco; Battiston, Stefano; Peltonen, Tuomas; … - 2017

We develop a framework to analyse the Credit Default Swaps (CDS) market as a network of risk transfers among … counterparties. From a theoretical perspective, we introduce the notion of flow-of-risk and provide sufficient conditions for a bow … counterparties: i) Ultimate Risk Sellers (URS), ii) Dealers (indirectly connected to each other), iii) Ultimate Risk Buyers (URB). We …

Persistent link: https://www.econbiz.de/10011667197