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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

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

Trader competition in fragmented markets : liquidity supply versus picking-off risk

Bernales, Alejandro; Garrido, Nicolás; Sagade, Satchit; … - 2020 - This version: June 2020

competition among liquidity suppliers and lower picking-o↵ risk of limit orders. Due to these countervailing channels, the impact … of fragmentation on liquidity and welfare di↵ers with asset volatility: when volatility is high (low), liquidity and …'s predictions about liquidity. Our model reconciles the mixed results in the empirical literature. …

Persistent link: https://www.econbiz.de/10012303325

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

A tale of two cities : inter-market latency and fast-trader competition

Sagade, Satchit; Scharnowski, Stefan; Theissen, Erik; … - 2024 - This version: July 10, 2024

increased contribution to price discovery by the smaller exchange. Liquidity worsens for large caps due to increased sniping but … improves for mid caps due to fast liquidity provision. Trading volume on the smaller exchange declines across all stocks. We …

Persistent link: https://www.econbiz.de/10015065826

Whatever it takes : the real effects of unconventional monetary policy

Acharya, Viral V.; Eisert, Tim; Eufinger, Christian; … - 2016

The ECB’s Outright Monetary Transactions (OMT) program, launched in summer 2012, indirectly recapitalized periphery country banks through its positive impact on the value of sovereign bonds. However, the regained stability of the European banking sector has not fully transferred into economic...

Persistent link: https://www.econbiz.de/10011552494

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

Whatever it takes : the real effects of unconventional monetary policy

Acharya, Viral V.; Eisert, Tim; Eufinger, Christian; … - 2017 - This revision: 8 May, 2017

Launched in Summer 2012, the European Central Bank (ECB)'s Outright Monetary Transactions (OMT) program indirectly recapitalized European banks through its positive impact on periphery sovereign bonds. However, the stability reestablished in the banking sector did not fully translate into...

Persistent link: https://www.econbiz.de/10011649477