Similar Search Results

What does the CDS market imply for a U.S. default?

Benzoni, Luca; Cabanilla, Christian; Cocco, Alessandro; … - 2023 - Revised: May 17, 2023

As the debt ceiling episode unfolds, we highlight a sharp increase in activity across the U.S. credit default swaps (CDS) market and infer the likelihood of a U.S. default from these market prices. Beginning in January 2023, we document a significant increase in U.S. CDS trading activity and...

Persistent link: https://www.econbiz.de/10014249852

Nonbanks, banks, and monetary policy : U.S. loan-level evidence since the 1990s

Elliott, David; Meisenzahl, Ralf R.; Peydró, José-Luis; … - 2022

We show that nonbanks (funds, shadow banks, fintech) affect the transmission of monetary policy to output, prices and …, borrowerlender relationships and Gertler-Karadi monetary policy shocks. Higher policy rates shift credit supply from banks to …

Persistent link: https://www.econbiz.de/10013259697

Nonbank lenders as global shock absorbers : evidence from US Monetary Policy spillovers

Elliott, David; Meisenzahl, Ralf R.; Peydró, José-Luis - 2023

dollar credit supply to non-US firms (relative to banks), mitigating the dollar credit reduction. This increase is stronger … funding, relative to banks. In sum, despite increased risk-taking by less regulated and more fragile nonbanks (relative to … banks), access to nonbank credit reduces the volatility in capital flows-and associated economic activity-stemming from US …

Persistent link: https://www.econbiz.de/10014335622

Policy intervention in debt renegotiation : evidence from the Home Affordable Modification Program

Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2013

The main rationale for policy intervention in debt renegotiation is to enhance such activity when foreclosures are perceived to be inefficiently high. We examine the ability of the government to influence debt renegotiation by empirically evaluating the effects of the 2009 Home Affordable...

Persistent link: https://www.econbiz.de/10010212760

Are day traders bias free? : evidence from internet stock message boards

Zhang, Ying; Swanson, Peggy Eubanks - In: Journal of economics and finance 34 (2010) 1, pp. 96-112

Persistent link: https://www.econbiz.de/10003969206

A leverage-based model of speculative bubbles

Barlevy, Gadi (contributor) - 2008

This paper develops an equilibrium model of speculative bubbles that can be used to explore the role of various policies in either giving rise to or eliminating the possibility of asset bubbles, e.g. restricting the use of certain types of loan contracts, imposing down- payment restrictions, and...

Persistent link: https://www.econbiz.de/10003679751