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Debt and deficit fluctuations and the structure of bond markets

Marcet, Albert - 2001

Persistent link: https://www.econbiz.de/10013423581

Domino secessions : evidence from the U.S.

Lacroix, Jean; Mitchener, Kris; Oosterlinck, Kim - 2023

Persistent link: https://www.econbiz.de/10014330100

Domino Secessions : Evidence from the U.S

Lacroix, Jean; Mitchener, Kris; Oosterlinck, Kim - National Bureau of Economic Research - 2023

We analyze how secession movements unfold and the interdependence of regions' decisions to secede. We first model and then empirically examine how secessions can occur sequentially because the costs of secession decrease with the number of seceders and because regions update their decisions...

Persistent link: https://www.econbiz.de/10014337822

American default : the untold story of FDR, the supreme court, and the battle over gold

Edwards, Sebastian - 2018

"The untold story of how FDR did the unthinkable to save the American economy. The American economy is strong in large part because nobody believes that America would ever default on its debt. Yet in 1933, Franklin D. Roosevelt did just that, when in a bid to pull the country out of depression,...

Persistent link: https://www.econbiz.de/10013556532

Domino secessions : evidence from the U.S.

Lacroix, Jean; Mitchener, Kris; Oosterlinck, Kim - 2023

Persistent link: https://www.econbiz.de/10014329316

The U.S. public debt valuation puzzle

Jiang, Zhengyang; Lustig, Hanno; Nieuwerburgh, Stijn van; … - 2021

Persistent link: https://www.econbiz.de/10012505162

The US public debt valuation puzzle

Jiang, Zhengyang; Lustig, Hanno; Nieuwerburgh, Stijn van; … - In: Econometrica : journal of the Econometric Society, an … 92 (2024) 4, pp. 1309-1347

Persistent link: https://www.econbiz.de/10015048053

Market-Based Fiscal Discipline in Monetary Unions : Evidence From the U.S. Municipal Bond Market

Goldstein, Morris - 1991

The concept of market-based fiscal discipline posits that a government which runs persistent, excessive fiscal deficits will face an increased cost of borrowing and eventually, a reduced availability of credit, and that these market actions will provide an incentive to correct irresponsible...

Persistent link: https://www.econbiz.de/10014398106

Provision of liquidity through the primary credit facility during the financial crisis : a structural analysis

Artuç, Erhan; Demiralp, Selva - 2009

Over the course of the recent liquidity crisis, the Federal Reserve made several changes to its primary credit lending …

Persistent link: https://www.econbiz.de/10008670141

Noise as information for illiquidity

Hu, Xing; Pan, Jun; Wang, Jiang - 2010

"We propose a broad measure of liquidity for the overall financial market by exploiting its connection with the amount … more "noise.'' As such, noise in the Treasury market can be informative and we expect this information about liquidity to … - high liquidity and low credit risk. Indeed, we find that our "noise'' measure captures episodes of liquidity crises of …

Persistent link: https://www.econbiz.de/10008702217