Recent regulation mandating the clearing of credit default swaps (CDS) by a Central Clearing Counterparties (CCP), has rendered the latter a systemically important institution, whose failure poses a serious threat to global financial stability. This work investigates the potential failure of a...

Milletvekilligi, temelde halkin kendi iradesiyle yonetilme hak-kini devrettigi bir statudur. Tum secim donemlerinde siyasi partiler ve adaylar maksimum oy seviyesine ulasmak icin belirli duzeylerde kampanya harcamasi gerceklestirirler. Siyasetin finansmani kavraminin buyuk bir kismini olusturan...

We study how consumers allocate debt across credit cards they already hold using new data on credit card activity for a representative sample of consumers with two homogeneous cards in Mexico. We find that relative prices are a very weak predictor of the allocation of debt, purchases, and...

In this study, it was aimed to investigate the factors that influence individual investor behaviour. The data used in the study were obtained via survey method from bankers in Bartýn. Descriptive analysis was conducted in order to summarize the empirical analysis results with numerical...

The present study examined the awareness about Shariah investment in India during the study period. The researcher prepared a questionnaire and surveyed the respondents through an online survey. The study purposely selected ethical investors in the Ethical wealth city group in Chennai. The...

Despite the prevalence and importance of humor in interpersonal communication, the disclosure literature is silent on the use of humor in the context of corporate communications. We examine analysts' and managers' use of humor during public earnings conference calls. Using a sample of nearly...

Abstract: Many individuals entrust financial advisors to navigate through important financial decisions, yet extant research and persistent scandals bring the effectiveness of advice into question. In examining the Australian financial advice sector, we determine when financial advice can be...

Credit spreads significantly change across the credit cycle and many have argued that excessive fluctuations in lender optimism help amplify these patterns. We analyze the role of lenders' personal economic experiences as a mechanism driving such effects between the credit boom in the 2000s and...

Corporate credit lines are drawn more heavily when funding markets are more stressed. This covariance elevates expected bank funding costs. We show that credit supply is dampened by the associated debt-overhang cost to bank shareholders. Until 2022, this impact was reduced by linking the...