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Debt overhang and credit risk in a business cycle model
Occhino, Filippo; Pescatori, Andrea - Federal Reserve Bank of Cleveland - 2010
We study the macroeconomic implications of the debt overhang distortion. In our model, the distortion arises because investment is non-contractible—when a firm borrows funds, the debt contract cannot specify or depend on the firm’s future level of investment. After the debt contract is...
Persistent link: https://www.econbiz.de/10008489323
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The impact of revenue diversification on profitability, capital, and risk in US banks by size
Shraiber, Bentsi - In: The North American journal of economics and finance : a … 69 (2024) 1, pp. 1-28
Persistent link: https://www.econbiz.de/10014445531
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Default risk and duration analysis
Fons, Jerome S. - Federal Reserve Bank of New York - 1988
Persistent link: https://www.econbiz.de/10005387260
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When is there a strong transfer risk from the sovereigns to the corporates? Property rights gaps and CDS spreads
Bai, Jennie; Wei, Shang-Jin - Federal Reserve Bank of New York - 2012
When a sovereign faces the risk of debt default, it may be tempted to expropriate the private sector. This may be one reason why international investment in private companies has to take into account the sovereign risk. But the likelihood of sovereign risk transferring to corporates and...
Persistent link: https://www.econbiz.de/10010592579
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Agricultural Arbitrage, Adjustment Costs, and the Intensive Margin
Tack, Jesse B.; LaFrance, Jeffrey T. - 2010
Farmland and capital are an important and rapidly expanding component of the agriculturaleconomy, and empirical …
Persistent link: https://www.econbiz.de/10009446523
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Analysis of Granularity Adjustment for Regulatory Capital
Krali, Mario; Gurov, Andrey - In: Journal of Central Banking Theory and Practice 8 (2019) 3, pp. 111-132
a financial institution’s economic capital. Based on a numerical simulation model, we provide concrete examples of how … granularity affects capital levels. We achieve this by following two simulation approaches, including a dynamic setup as a more … estimated amount of capital and account for it in their pricing. …
Persistent link: https://www.econbiz.de/10012217923
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Capital allocation and risk contribution with discrete-time coherent risk
Cherny, Alexander S. - In: Mathematical finance : an international journal of … 19 (2009) 1, pp. 13-40
Persistent link: https://www.econbiz.de/10003818201
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Capitalism and inequality
Mayhew, Ken (contributor) - 2009
Persistent link: https://www.econbiz.de/10003849939
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Accounting, risk, and revolution
Harney, Stefano - In: Critical perspectives on accounting : an international … 21 (2010) 1, pp. 14-17
Persistent link: https://www.econbiz.de/10003946691
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The labour theory of value, risk and the rate of profit
Toms, J. S. - In: Critical perspectives on accounting : an international … 21 (2010) 1, pp. 96-103
Persistent link: https://www.econbiz.de/10003946725