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Using survey evidence from European asset managers, we provide insights into their green bond investment activities and … green bond market via a variety of investment channels. Investors prefer green bonds issued from corporate issuers and … post-issuance, are the most frequently named factors impacting respondents’ decision to invest in a green bond, and unclear …
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data from 26 countries, the yield spread between 30-year and 10-year government bond yields is negatively related to the … destabilizing impact on bond markets that reverses once rules are changed …
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This paper investigates whether bond fund managers with credit rating experience outperform their peers. We document … that bond fund managers who previously worked in credit rat- ing agencies on average create higher risk-adjusted returns …
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We examine the business model of traditional commercial banks in the context of their co-existence with shadow banks. While both types of intermediaries create safe "money-like" claims, they go about this in very different ways. Traditional banks create safe claims with a combination of costly...
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