Although spatial techniques have been used to capture the spillovers in asset returns across different regions, they have not yet been applied in an asset pricing context. Combining asset pricing models and equilibrium spatial models can be a good way to disentangle spillover effects across...

Next to deposits, European banks have, unlike their US counterparties which heavily rely on securitization to fund mortgages, historically largely used bank obligations such as covered bonds and senior unsecured bonds. We assess the decision of 402 European banks between 2006 and 2014 to issue...