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Jacobs, Thomas A. - 2010

liquidity leading to the existence of conditions normally assumed to be promptly removed via the actions of profit seeking …. It concludes that the IIS Basis continues to exist due to limitations in market liquidity and hedging alternatives. The … third essay explores the methodology of performing debt based event studies utilizing credit default swaps (CDS). It …

Persistent link: https://www.econbiz.de/10009477864

Securitization and the Term Structure of Interest Rates: The Long and Short of It

Gearhart, Jr. - 2010

This dissertation investigates whether U.S. commercial banks substitute fee-based income for the decreases in net interest income brought about by a flattening term structure of interest rates. Given the current economic climate, the fee-based activity of interest is asset securitization, though...

Persistent link: https://www.econbiz.de/10009439439

The Role of Mortgage Brokers in the Subprime Crisis

Berndt, Antje; Hollifield, Burton; Sandas, Patrik - 2010

We study the role of mortgage brokers in the subprime crisis using a detailed sample of loans originated by, formerly, one of the largest subprime loan originators, New Century Financial Corporation. Prior to the subprime crisis, mortgage brokerage firms originated about 65% of all subprime...

Persistent link: https://www.econbiz.de/10009440998

Three essays on earnings management, financial irregularities, and capital structure

Pungaliya, Raunaq Sushil - 2010

swap (CDS) contracts during 2000 to 2007, we document evidence consistent with this prediction. In particular, target … leverage is both an economically and statistically significant determinant of bond and CDS spreads, and its role increases with …

Persistent link: https://www.econbiz.de/10009466088

The Bankers Know Best: How Regulatory Policy Shaped the Rise and Fall of the Credit Default Swap Market

Tesarfreund, Matthew - 2011

alike to their destructive power, focusing on credit default swaps (CDS), the most common credit derivative. Motivated by a …

Persistent link: https://www.econbiz.de/10009475413

Boom-bust cycles, imbalances and discipline in Europe : dynamics during financial stress

Alberola Ila, Enrique; Molina Sánchez, Luis; Río … - 2012

The fallout from the 2008 financial crisis has been particularly acute in the euro area Member States of the south-western rim and in the new EU Member States, due to their previously accumulated macroeconomic and financial imbalances. The perception that the euro environment provided a solid...

Persistent link: https://www.econbiz.de/10012530382

Financial Markets and Public Information

Storkenmaier, Andreas - 2011

Newswire messages make up a major part of the public information set available to investors. The last decades have seen drastic changes in trading technology and the way that financial markets operate. As trading technology advances, news providers have kept pace and deliver news to market...

Persistent link: https://www.econbiz.de/10009434499

The Economics of Algorithmic Trading

Riordan, Ryan - 2009

. This work presents one of the first studies of algorithmic trading and its impact on information and liquidity in equity …

Persistent link: https://www.econbiz.de/10009434601

Financial markets and public information

Storkenmaier, Andreas - 2011

The last decades have seen dramatic changes in trading technology and the way that financial markets operate. As trading technology advances, news providers have kept pace and deliver news to market participants around the world within fractions of a second using electronic systems. Currently,...

Persistent link: https://www.econbiz.de/10009434669

The determinants of financial ratio disclosures and quality: Australian evidence

Aripin, Norhani - 2010

are slightly more popular ratios (still below 10%) with virtually no communication of the Liquidity and Cash Flow sub …

Persistent link: https://www.econbiz.de/10009434870

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