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Corporate governance externalities

Acharya, Viral V.; Volpin, Paolo - In: Review of finance : journal of the European Finance … 14 (2010) 1, pp. 1-33

Persistent link: https://www.econbiz.de/10003989515

Cross-country variations in capital structures : the role of bankruptcy codes

Acharya, Viral V.; Sundaram, Rangarajan K.; John, Kose - In: Journal of financial intermediation 20 (2011) 1, pp. 25-54

Persistent link: https://www.econbiz.de/10008989445

Precautionary hoarding of liquidity and interbank markets : evidence from the subprime crisis

Acharya, Viral V.; Merrouche, Ouarda - In: Review of finance : journal of the European Finance … 17 (2013) 1, pp. 107-160

Persistent link: https://www.econbiz.de/10009715234

Bank lines of credit as contingent liquidity : covenant violations and their implications

Acharya, Viral V.; Almeida, Heitor; Ippolito, Filippo; … - In: Journal of financial intermediation 44 (2020), pp. 1-13

Persistent link: https://www.econbiz.de/10012653786

How Do Global Banks Scramble for Liquidity? Evidence from the Asset-Backed Commercial Paper Freeze of 2007

Acharya, Viral V. - 2013

In August of 2007, banks faced a freeze in funding liquidity from the asset-backed commercial paper (ABCP) market. We … investigate how banks scrambled for liquidity in response to this freeze and its implications for corporate borrowing. Commercial …

Persistent link: https://www.econbiz.de/10013077991

The dark side of liquidity creation : leverage and systemic risk

Acharya, Viral V.; Thakor, Anjan V. - In: Journal of financial intermediation 28 (2016), pp. 4-21

Persistent link: https://www.econbiz.de/10011715175

How do global banks scramble for liquidity? : evidence from the asset-backed commercial paper freeze of 2007

Acharya, Viral V.; Afonso, Gara; Kovner, Anna - In: Journal of financial intermediation 30 (2017), pp. 1-34

Persistent link: https://www.econbiz.de/10011822415

On reaching for yield and the coexistence of bubbles and negative bubbles

Acharya, Viral V.; Naqvi, Hassan - In: Journal of financial intermediation 38 (2019), pp. 1-10

Persistent link: https://www.econbiz.de/10012269631

Lender of last resort versus buyer of last resort : evidence from the European sovereign debt crisis

Acharya, Viral V.; Pierret, Diane; Steffen, Sascha - 2018

We document the mechanism through which the risk of fire sales in the sovereign bond market contributed to the effectiveness of two major central bank interventions designed to restore financial stability during the European sovereign debt crisis. As a lender of last resort via the long-term...

Persistent link: https://www.econbiz.de/10011899821

Exorbitant Privilege? Quantitative Easing and the Bond Market Subsidy of Prospective Fallen Angels

Acharya, Viral V.; Banerjee, Ryan; Crosignani, Matteo; … - 2022

We document capital misallocation in the U.S. investment-grade (IG) corporate bond market, driven by quantitative easing (QE). Prospective fallen angels—risky firms just above the IG rating cutoff—enjoyed subsidized bond financing since 2009, especially when the scale of QE purchases peaked...

Persistent link: https://www.econbiz.de/10013298377