This study considers whether the associations between credit ratings and banks’ capital structure can be explained by the channels of asymmetric information, namely, countries’ economic cycle and development, banking supervision and private monitoring. Using an international sample of 391...

The dynamic behavior of the term structure of interest rates is difficult to replicate with models, and even models with a proven track record of empirical performance have underperformed since the early 2000s. On the other hand, survey expectations are accurate predictors of yields, but only...