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Government Intervention and Strategic Trading in the U.S. Treasury Market

Pasquariello, Paolo; Vega, Clara - 2011

York (FRBNY) on the microstructure of the secondary U.S. Treasury market. POMOs are trades in U.S. Treasury securities …-the-run Treasury securities decline on days when POMOs are executed; and ii) POMOs’ positive liquidity externalities are increasing in …

Persistent link: https://www.econbiz.de/10009477265

The Determinants of Recovery Rates on Defaulted Corporate Securities: Why do Fallen Angels recover more than Original High Yield Issues?

Adler, Carolyn - 2007

knowledge, has investigated the reasons why higher rated securities recover more than lower rated securities in the event of … default. Specifically, this paper will empirically investigate why securities originally rated investment grade, fallen angels …, recover more than securities originally rated high yield in the event of default. …

Persistent link: https://www.econbiz.de/10009474969

The value of human rights on the open market: Liberal economic policies and the achievement of personal integrity rights.

Harrelson-Stephens, Julie - 2003

At the end of World War II, the United States emerged as a world leader, putting into place international institutions based on its own liberal economic philosophy. Since then, the world has witnessed an increasing interconnectedness among states, with economic relationships continually blurring...

Persistent link: https://www.econbiz.de/10009475090

Three Essays in Empirical Asset Pricing

Jacobs, Thomas A. - 2010

The financial crisis of 2007-2008 led to extraordinary government intervention in firms and markets. The scope and depth of government action rivaled that of the Great Depression. Many traded markets experienced dramatic declines in liquidity leading to the existence of conditions normally...

Persistent link: https://www.econbiz.de/10009477864

The causes of Japan's financial crisis

Patrick, Hugh; Ito, Takatoshi - 1999

securities companies were the world’s largest; and its life and casualty insurance companies were likewise huge. Banks had ample … collapsed, as has one of the Big Four securities companies, and a mid-sized life insurance company. This is not only … Japanese banking industry, although the analysis applies in many respects to the securities and insurance industries as well …

Persistent link: https://www.econbiz.de/10009451446

Asset securitization by non-financial firms [electronic resource] : motivation and market valuation

Huang, Qianyun. - 2011

This dissertation examines several research questions relating to securitization by non-financial firms. Finance theories suggest securitization is most beneficial when there is high demand for liquidity. On the other hand, empirical studies have shown that firms engage in securitization to...

Persistent link: https://www.econbiz.de/10009431423