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The Impact of the Stock Market Crash of 2008-2009 on the Wealth of U.S. Households

Kim, Kyoung Tae - 2019

.2. Among households age 30 to 70 with a head employed full-time, the ratio of equity assets to total wealth (net worth … plus human wealth) had a mean value of 4.2%.3. The decreases in stock market indexes between 2007 and 2009 had substantial … impacts on the wealth of only a small proportion of working households, with a mean potential loss in wealth due to stock …

Persistent link: https://www.econbiz.de/10012903701

Real effects of stock underpricing

Hau, Harald; Lai, Sandy - 2012 - May 28, 2012

This paper provides evidence for a causal effect of equity prices on corporate investment and employment. We use fire sales by distressed equity funds during the 2007--2009 financial crisis to identify substantial exogenous underpricing. Firms whose stocks are most underpriced have considerably...

Persistent link: https://www.econbiz.de/10009554205

The negative CDS-bond basis and convergence trading during the 2007/09 financial crisis

Fontana, Alessandro - 2011

This papers studies the CDS-bond basis, i.e. a measure of price discrepancies between CDS and bonds spreads, for a sample of investment-graded US firms. Results show that during the 2007/09 financial crisis the basis was time varying and negatively correlated to: the "Libor-OIS" spread, a proxy...