In this paper, we propose a multivariate GARCH model with a time-varying conditional correlation structure. The new double smooth transition conditional correlation (DSTCC) GARCH model extends the smooth transition conditional correlation (STCC) GARCH model of Silvennoinen and Ter?svirta (2005)...

To identify issuer motives, we study the determinants of announcement effects of convertible debt issues in the Canadian market. Classified into equity- and debt-like, wealth effects are significantly more negative for equity-like convertible bond issuers. Equity-like convertibles are...

Several recent papers have documented the benefits of debtor-in-possession (DIP) financing in the restructuring of firms in Chapter 11. However, the view on benefits is not unanimous and some legal scholars have raised doubts about DIP financing's effects on debt-holders and the possibility of...

This dissertation is a collection of three stand-alone research papers containing theoretical and empirical research on household portfolio choice and consumption decision in the life time. Household finance is a new interesting field in financial economics that has attracted a lot of attention...

University of Minnesota Ph.D. dissertation. August 2010. Major: Economics. Advisor: Narayana R. Kocherlakota. 1 computer file (PDF); vii, 81 pages. Ill.(some col.)

Artículo de revista ; In the European economies, employment in the retail sector, in accommodation and food services and in the arts and recreation activities has been hit especially hard by the pandemic, so it is important to ascertain the financial resources that the individuals working in...

En este trabajo se modelizan las decisiones de compra de vivienda principal y secundaria por parte de los hogares españoles utilizando la muestra panel proveniente de las dos primeras olas de la Encuesta Financiera de las Familias (EFF). Se estiman modelos de tasas de compra utilizando...

La Encuesta de Competencias Financieras (ECF) es una iniciativa conjunta del Banco de España y la Comisión Nacional del Mercado de Valores (CNMV) cuyo objetivo es medir las competencias financieras de la población adulta en España. Entre 2016 y 2017 se recogió información para una muestra...