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Some considerations on the challenges to the economic science

Doroftei, Irina Mădălina - In: Romanian journal of fiscal policy : RJFP 3 (2012) 1, pp. 20-27

The recent crisis of 2008 has revealed several challenges for the economic science, sparking a considerable amount of debate regarding the profession of economists and the role of macroeconomics and monetary policies. The first question that arose was why there was a lack of anticipation of the...

Persistent link: https://www.econbiz.de/10009548646

Market Making and Proprietary Trading in the US Corporate Bond Market

Dastarac, Hugues - 2019

I study broker-dealers' trading activity in the US corporate bond market. I find evidence of broker-dealer market … making when customers both buy and sell a bond in a day, which happens half of the time: as predicted by market making …-dealers borrowed and sold Treasury bonds in amounts similar to their corporate bond holding, but not after. I give suggestive evidence …

Persistent link: https://www.econbiz.de/10012870480

The Sources of Risk Spillovers Among US REITs : Financial Characteristics and Regional Proximity

Adams, Zeno - 2016

In this paper, we estimate the risk spillovers among 74 U.S. REITs using the state-dependent sensitivity value-at-risk (SDSVaR) approach. This methodology allows for the quantification of the spillover size as a function of a company's financial condition (tranquil, normal, and volatile REIT...

Persistent link: https://www.econbiz.de/10013007129

The Sources of Risk Spillovers Among U.S. REITs : Financial Characteristics and Regional Proximity

Adams, Zeno - 2016

Persistent link: https://www.econbiz.de/10013007702

Long-Term Trends in Intra-Financial Sector Lending in the U.S. 1950-2012

Montecino, Juan - 2015

This paper examines the evolution of intra-financial sector lending in the United States, 1950- 2012, presenting estimates constructed from the Federal Reserve's Flow of Funds Accounts. We establish a number of stylized facts concerning the growth and composition of claims between financial...

Persistent link: https://www.econbiz.de/10013012950

Components of U.S. Financial Sector Growth, 1950-2013

Antill, Samuel - 2014

The U.S. financial sector grew steadily as a share of the total business sector from 1959 until the recent financial crisis, when the trend reversed. In this article, the authors develop measures based on firm-level data to estimate the size of the financial sector and its subsectors relative to...

Persistent link: https://www.econbiz.de/10013055770

How Do Inventory Costs Affect Dealer Behavior in the US Corporate Bond Market?

Randall, Oliver - 2015

I show that dealer behavior in the US corporate bond market is consistent with dealers bearing a time-varying cost of …

Persistent link: https://www.econbiz.de/10013024760

Eco-Friendly Policies and Financial Performance : Was the Financial Crisis a Game Changer for Large US Companies?

Petitjean, Mikael - 2021

Whether companies implementing eco-friendly policies are better immune to negative shocks in financial performance during crisis times and perform differently after the shocks remains an open question. We gather information on firms' CSR performance from the Bloomberg ESG Database, which...

Persistent link: https://www.econbiz.de/10013250525

Investor Attention and the Response of US Stock Sectors to the COVID-19 Crisis

Smales, Lee A. - 2020

COVID-19 has had an immense impact on global stock markets, with no sector escaping its effects. Investor attention toward COVID-19 surged as the virus spread and its consequences imposed on everyday life. Using Google search volume (GSV) as a proxy for investor attention, our results show that...

Persistent link: https://www.econbiz.de/10012831416

Flight to what? : dissecting liquidity shortages in the financial crisis

Dong, Feng; Wen, Yi - 2017 - This version: August, 2017

agents. The model decomposes the convenience yield of government bond into a "liquidity premium" (flight to liquidity) and a … and bond premiums, the model reveals that a sharp reduction in the quality, instead of the liquidity, of private assets …

Persistent link: https://www.econbiz.de/10011780935