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Choice of maturity and financial intermediation

Schuhmacher, Joachim - 1998

Persistent link: https://www.econbiz.de/10000982851

Dynamic debt maturity

He, Zhiguo; Milbradt, Konstantin - 2016

Persistent link: https://www.econbiz.de/10011434775

Liquidity backstops and dynamic debt runs

Wei, Bin; Yue, Vivian Z. - 2015

Liquidity backstops have important implications for financial stability. In this paper, we provide a microfoundation for the important role of liquidity backstops in mitigating runs (or, conversely, the role of the lack of liquidity backstops in exacerbating runs) based on a dynamic model of...

Persistent link: https://www.econbiz.de/10011396851

News about zero-leverage firms

Geelen, Thomas A. - 2016

-cycle theory of debt maturity …I develop a dynamic model of financing decisions and optimal debt maturity choice in which creditors face adverse …-leverage firms eventually decide to issue debt. Because shorter maturity debt is less sensitive to information, younger firms issue …

Persistent link: https://www.econbiz.de/10011626255

Optimal debt maturity and firm investment

Jungherr, Joachim; Schott, Immo - 2016

Persistent link: https://www.econbiz.de/10011607331

Endogenous debt maturity and rollover risk

Brancati, Emanuele; Macchiavelli, Marco - 2016

creditors losing faith in the long-run prospects of the bank, hence forcing it to shorten its debt maturity. Finally, we build a … model that endogenizes the debt maturity structure and predicts that worse market expectations lead to a maturity shortening …

Persistent link: https://www.econbiz.de/10011578473