Based on high-frequency data for Norway and Sweden, we investigate to what extent explicit forward guidance from monetary policy makers, by means of publishing the path of expected future policy rates, affects the market yield curve. We summarise movements in the yield curve by two latent...

The study analyses the bankruptcy of newly formed Japanese small and medium-sized entities (SMEs) by comparing specific features with newly formed but survived SMEs. It applies Resource-based Firm Theory and other theories to identify the bankruptcy features and uses logit regression to validate...