increase volatility in order to exploit the implicit protection. However, if they increase volatility too much they may induce … that it allows high volatility choices, while net worth is high. However, risk limits tighten abruptly when the firm's net …

quantitatively replicates (1) the volatility of stock prices and (2) the positive correlation between the price dividend ratio and …

against price volatility can generate price volatility in equilibrium, even absent fundamental risk. Fearing that asset prices …

The primary purpose of the study is to identify and measure the properties of asset bubbles, volatility clustering, and … empirical methods; the LPPL model to identify asset bubbles, the DCC-GARCH model to measure volatility clustering, and the … Diebold-Yilmaz volatility spillover index to measure the level of financial contagion. We provide robust evidence that during …