Showing 1 - 10 of 14,948
Persistent link: https://www.econbiz.de/10003953499
Persistent link: https://www.econbiz.de/10002949847
Recent empirical evidence on the cross-country synchronization of credit spreads in response to US monetary policy … shocks has led to the notion of an ‘international credit channel' of US monetary policy. This paper provides novel evidence … on the existence of an international credit channel for the transmission of US financial shocks across borders, and …
Persistent link: https://www.econbiz.de/10012943439
Persistent link: https://www.econbiz.de/10009309814
We define a class of margin loans and derive the distribution of defaults. The default risk from an individual loan can be priced as a series of forward starting options with a knockout. Under simple price dynamics this has an explicit solution
Persistent link: https://www.econbiz.de/10012840366
Persistent link: https://www.econbiz.de/10011984084
Persistent link: https://www.econbiz.de/10011735232
Persistent link: https://www.econbiz.de/10013482350
Persistent link: https://www.econbiz.de/10012133517
Persistent link: https://www.econbiz.de/10011539665