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In this article, I use a unique dataset consisting of listed Indian firms that have been indicted for economic malpractice/default or have been non-compliant with laws/ regulations/ guidelines to estimate the stock price impact of regulatory actions against corporate irregularities. The sample...
Persistent link: https://www.econbiz.de/10014500262
The authors use simulations within the BoC-GEM-FIN, the Bank of Canada's version of the Global Economy Model with financial frictions in both the demand and supply sides of the credit market, to investigate the macroeconomic implications of changing bank regulations on the Canadian economy....
Persistent link: https://www.econbiz.de/10008760522
Theoretical and empirical research has shown that a sound and effective financial system is critical for economic development and growth. The financial system, however, is also subject to boom and bust cycles and fragility, with negative repercussions for the real economy. Further, the political...
Persistent link: https://www.econbiz.de/10013117353
Many quantitative firms have suffered substantial losses as a result of the COVID-19 selloff. In this note, we highlight three lessons that quantitative researchers could learn from this crisis. First, researchers should develop more nowcasting methods, and pay less attention to forecasts....
Persistent link: https://www.econbiz.de/10012836460
Objective – Crises have been a feature of the financial landscape for decades. The current global financial crisis is triggered by events in the United States, and rapidly engulfing the entire globe. Nigerian financial market being one of the emerging global markets have over the last four...
Persistent link: https://www.econbiz.de/10012951419
Measuring the value of labor-market hires for stock prices, be it underwriters when firms go public (IPOs) or chief executive officers (CEOs), is difficult due to selection. Opaque firms with higher costs of capital benefit more from prestigious underwriters, while productive firms benefit more...
Persistent link: https://www.econbiz.de/10012933594
This paper assesses the role that monetary policy plays in the decision to default using a General Equilibrium model with collateralized loans, trade in fiat money and production. Long-term nominal loans are backed by collateral, the value of which depends on monetary policy. The decision to...
Persistent link: https://www.econbiz.de/10013033538
In response to the COVID-19 pandemic, Congress introduced foreclosure moratorium. We show that this moratorium stabilizes the housing market, lowers the Loan-to-value ratio (LTV) of households, reduces their refinancing costs, and increases equity extraction. We estimate that the moratorium...
Persistent link: https://www.econbiz.de/10012832211
Starting in June 2014, the European Central Bank (ECB) stepped up its monetary accommodation in order to counter a too prolonged period of low inflation in the euro area. This article offers a narrative of the monetary policy measures taken up to December 2016 and a review of the effects of...
Persistent link: https://www.econbiz.de/10011649375
exchange rate policy but also 27 instances of market-perceived changes in China's currency policy driven by domestic or foreign … providing components and raw materials to China as inputs for the country's exports. There is also some evidence that …
Persistent link: https://www.econbiz.de/10013128577