Using a unique dataset of credit line drawdowns and liquidity hedging, we study the relation between credit line usage and corporate investment. In line with theoretical predictions that credit lines aid firms to invest during times of limited credit availability, our findings reveal that the...

In this paper, we investigate worldwide contagion and its determinants during the 2008 financial crisis. Utilizing an international sample of returns from 2003 to 2009, we consider both uni- and bi-directional contagion. After controlling for crisis-related volatility, we find strong evidence...

This teaching case provides students with an opportunity to evaluate the best course of action for a firm who just filed for Chapter 11 Bankruptcy protection. The home-builder is already in default on over $20 million in loans. They have homes at various stages of the construction process, and...

A brief history of our time -- Expectations, knowledge and prices -- Beyond price -- Savings, investment and liquidity -- Models, theories and apples -- Policy implications : finance -- Competition policy -- A new European capital market -- Geopolitics -- Technical annex: do we really need a new...

A brief history of our time -- Expectations, knowledge and prices -- Beyond price -- Savings, investment and liquidity -- Models, theories and apples -- Policy implications : finance -- Competition policy -- A new European capital market -- Geopolitics -- Technical annex: do we really need a new...