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new proxy for innovations in perceived changes in sovereign risk based upon Google-search data. We find robust evidence …
Persistent link: https://www.econbiz.de/10013121027
ensuring that liquidity would be distributed to those institutions that needed it most. Conceptually, this meant America …
Persistent link: https://www.econbiz.de/10012759107
Reducing systemic liquidity risk related to seasonal swings in loan demand was one reason for the founding of the … that a bank's position within the interbank network (as a user or provider of liquidity) predicts the timing of its entry …
Persistent link: https://www.econbiz.de/10013012699
and sources of risk to net income, evaluating intertemporal solvency requires overcoming the difficult challenge of …
Persistent link: https://www.econbiz.de/10013021867
credit easing, defined as a combination of lending to financial institutions, providing liquidity directly to key credit …
Persistent link: https://www.econbiz.de/10013148864
We calculate the present value of state pension liabilities under existing policies, and separately under policy changes that would affect pension payouts including cost of living adjustments (COLAs), retirement ages, and buyout schedules for early retirement. Liabilities if plans were frozen as...
Persistent link: https://www.econbiz.de/10013137026
We estimate the pricing of sovereign risk for sixty countries based on fiscal space (debt/tax; deficits/tax) and other … and economically important determinants of market-based sovereign risk. Although the explanatory power of fiscal space … emergence of TED spread as a key pricing factor. However, risk-pricing of the South-West Eurozone Periphery countries is not …
Persistent link: https://www.econbiz.de/10013120304
cope with risk. We also find evidence of a "pecking order" of coping methods in which savings appears to be first in the …
Persistent link: https://www.econbiz.de/10013124829
with greater wealth-at-risk are more likely to hold health insurance. The implicit insurance from bankruptcy distorts the …
Persistent link: https://www.econbiz.de/10013106077
betas, and loadings on value and small-cap risk factors than stocks with a low risk of failure. These patterns hold in all … size effects are compensation for the risk of financial distress …
Persistent link: https://www.econbiz.de/10012779771