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Risk spillover among hedge funds: The role of redemptions and fund failures
Klaus, Benjamin; Rzepkowski, Bronka - 2009
This paper aims at analysing the mortality patterns of hedge funds over the period January 1994 to May 2008. In particular, we investigate the extent to which a spillover of risk among hedge funds through redemptions and failures of other funds has affected the probability of fund failure. We...
Persistent link: https://www.econbiz.de/10011605158
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How do firms in Argentina get financing to export?
Castagnino, Tomás; D’Amato, Laura; Sangiácomo, Máximo - 2013
’ characteristics and export performance with information on their domestic and external financing, we provide a rich insight into their …
Persistent link: https://www.econbiz.de/10011605646
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Check in the mail or more in the paycheck: does the effectiveness of fiscal stimulus depend on how it is delivered?
Sahm, Claudia R.; Shapiro, Matthew D.; Slemrod, Joel - 2011
Recent fiscal policies have aimed to stimulate household spending. In 2008, most households received one-time economic stimulus payments. In 2009, most working households received the Making Work Pay tax credit in the form of reduced withholding; other households, mainly retirees, received...
Persistent link: https://www.econbiz.de/10011605344
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Wage setting in Hungary: evidence from a firm survey
Kézdi, Gábor; Kónya, István - 2011
This paper presents new evidence on the flexibility of the Hungarian labor market, with special emphasis on wages. The results are based on a new survey on wage setting among Hungarian firms. The survey is part of the Eurosystem Wage Dynamics Network (WDN), and it is a harmonized questionnaire...
Persistent link: https://www.econbiz.de/10011605424
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How do you pay? The role of incentives at the point-of-sale
Arango, Carlos; Huynh, Kim P.; Sabetti, Leonard - 2011
This paper uses discrete-choice models to quantify the role of consumer socioeconomic characteristics, payment instrument attributes, and transaction features on the probability of using cash, debit card, or credit card at the point-of-sale. We use the Bank of Canada 2009 Method of Payment...
Persistent link: https://www.econbiz.de/10011605432
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Firms' expectations on the availability of credit since the financial crisis
Ferrando, Annalisa; Ganoulis, Ioannis; Preuss, Carsten - 2019
Using a large set of firm-level survey data from the euro area since 2009, we analyse how firms use their information … adaptive expectations on the basis of the latest information in their information set. As in the previous literature, the … data. We find evidence that this is not only due to information imperfections but also to some type of misspecification of …
Persistent link: https://www.econbiz.de/10012389544
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Firms' expectations on access to finance at the early stages of the Covid-19 pandemic
Ferrando, Annalisa; Ganoulis, Ioannis - 2020
This paper provides novel information on the propagation of the pandemic-induced real shock to firms' financial …
Persistent link: https://www.econbiz.de/10012422108
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Instinctive versus reflective trust in the European Central Bank
Angino, Siria; Secola, Stefania - 2022
Political science research has established that trust in institutions, including central banks, is shaped by socio-economic and demographic factors, as well as by the assessment of institutional features and by slow-moving components such as culture. However, the role of cognitive processes has...
Persistent link: https://www.econbiz.de/10013367990
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Central bank communication and trust: An experimental study on the European Central Bank and the general public
Mochhoury, Sarah - 2023
While it has become clear that communication is a monetary policy tool for central banks, and extensive research has been conducted on central bank communication with financial markets, little is known so far on central bank communication with the general public. My research provides new...
Persistent link: https://www.econbiz.de/10014374757
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Monetary policy shocks and firms' bank loan expectations
Ferrando, Annalisa; Grazzini, Caterina Forti - 2023
and the central bank information shock) have different impacts on firms' beliefs. Fourth, we find that conventional and … bank information component of the related announcements. Finally, we document that the response to monetary policy differs …
Persistent link: https://www.econbiz.de/10014374782