do so depends on their availability of funding. Conversely, traders' funding, i.e., their capital and the margins they …

suggests that although bank lending to firms declines during the crisis, bond financing actually increases to make up much of …

growth rate of the capital stock in the presence of a defined-benefit Social Security system. If the Social Security Trust … Fund increases the share of its portfolio held in risky capital, the equilibrium equity premium falls in the following … growth rate of capital in the following period, and, if a certain sufficient condition is satisfied, will increase the growth …

segmentation is partly overcome by global arbitrageurs with limited capital. Our model accounts for the empirically documented …