increase in dividend payouts during the Global Financial Crisis, with concomitant underinvestment. Our results suggest that …

We employ the forward-looking implied dividend information contained in option prices to predict dividend cuts and … omissions during the recent financial crisis. The large number of dividend cuts and omissions during the 2008-09 financial … crisis period provides the opportunity to study the predictability of dividend cuts in a controlled environment. Implied …

, DSGE models can replicate the volatility of cycles in house and equity prices, but not the persistence of house price …

, DSGE models can replicate the volatility of cycles in house and equity prices, but not the persistence of house price …

is correlated across countries with lower average stock market volatility, crises are more frequent in countries with … investment fall by more in countries with poor creditor protection. -- liquidity crisis ; creditor protection ; stock volatility …

across countries with lower average stock market volatility, crises are more frequent in countries with poor creditor …

Data show that better creditor protection is correlated across countries with lower average stock market volatility …