Showing 1 - 10 of 25,667
Persistent link: https://www.econbiz.de/10012594335
Persistent link: https://www.econbiz.de/10012219025
premium tends to increase with maturity and account for the majority of the yield spread at all maturities for all three … dynamics that varies with bond maturity …
Persistent link: https://www.econbiz.de/10013060723
This paper investigates the transmission of uncertainty about the state of government finances on economic activity. I first employ a data-rich approach to extract a novel proxy that captures uncertainty surrounding the public finances of the Spanish economy, to which I refer as sovereign...
Persistent link: https://www.econbiz.de/10012846834
This work presents an original proposal for the reform of the Eurozone architecture according to an approach based on risk sharing (aiming to reach in the long-term the mutualization of public debt). The proposal envisages a new role for the European Stability Mechanism (ESM) which should...
Persistent link: https://www.econbiz.de/10011873820
the U.S. We then establish the quantitative result that home equity does not serve as informal collateral for unsecured …
Persistent link: https://www.econbiz.de/10013126139
Persistent link: https://www.econbiz.de/10011448259
Persistent link: https://www.econbiz.de/10011950510
This study investigates the effects of political uncertainty (PU) on corporate debt maturity and leverage using a novel … measure of firm-specific PU. We find that PU is negatively associated with debt maturity and leverage. Furthermore, the … negative effects of PU on debt maturity and leverage are more pronounced for firms with greater investment reversibility and a …
Persistent link: https://www.econbiz.de/10012897244
Measured as yield spreads against AAA corporate bonds, the convenience premium for agency MBS averaged 47 basis points between 1995 and 2021, about half of the long-term-Treasury convenience premium. Both the MBS convenience premium and the issuance amount vary negatively with the mortgage rate,...
Persistent link: https://www.econbiz.de/10013492118