Showing 1 - 10 of 419
Persistent link: https://www.econbiz.de/10014384484
We study how adverse selection distorts equilibrium investment allocations in a Walrasian credit market with two …-sided heterogeneity. Representative investor and partial equilibrium economies are special cases where investment allocations are … trade and investment allocations below perfect information levels. The degree of heterogeneity between informed agents' type …
Persistent link: https://www.econbiz.de/10012181247
Persistent link: https://www.econbiz.de/10010432453
Persistent link: https://www.econbiz.de/10010433409
Persistent link: https://www.econbiz.de/10012704854
Persistent link: https://www.econbiz.de/10012388154
Does banks' exposure to interest rate risk change when interest rates are very low or even negative? Using a high-frequency event study methodology and intraday data, we find that the effect of surprise interest rate cuts announced by the ECB on European bank equity values - an effect that is...
Persistent link: https://www.econbiz.de/10012182094
Persistent link: https://www.econbiz.de/10012389085
Persistent link: https://www.econbiz.de/10014388461
Persistent link: https://www.econbiz.de/10003990811