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Corporate Flexibility in a Time of Crisis

Barry, John W.; Campello, Murillo; Graham, John R.; Ma, … - 2021

We survey CFOs throughout the COVID-19 crisis to learn how multiple dimensions of corporate flexibility affect their short- and long-term business plans. We find that i) workplace flexibility, namely the ability for employees to work remotely, plays a central role in modulating firms’...

Persistent link: https://www.econbiz.de/10013248333

Sovereign Debt Repatriation During Crises

Arslanalp, Serkan; Sunder-Plassmann, Laura - 2022

We use a new, comprehensive data set on the sovereign debt investor base to document three novel empirical facts: (i) sovereign debt is repatriated - that is, shifted from external private to domestic investors - prior to sovereign defaults; (ii) not all crises are equal: evidence for...

Persistent link: https://www.econbiz.de/10013288911

The Great Crash of 1929 : A Look Back After 90 Years

Bruner, Robert F. - 2022

The Great Crash of 1929 ranks as one of the climactic economic events of the last 100 years. It raises important questions at the heart of understanding many financial crises. Why did the "Roaring 20s" roar? Was the boom in equities a "bubble"? What caused the sudden reversal in the fall of...

Persistent link: https://www.econbiz.de/10013290598

Sovereign Credit and Geopolitical Risks During and After the EMU Crisis

Bratis, Theodore D.; Kouretas, Georgios P.; laopodis, … - 2022

This paper focuses on the sovereign crisis of the Euro debt crisis era, and we address the existence of the relationship of CDS and bond markets sovereign credit risk pricing for selected core and periphery EMU countries, during and after the 2009 EMU crisis. We study this relationship in...

Persistent link: https://www.econbiz.de/10013293408

The Resolution of a Systemically Important Insurance Company During the Great Depression

Rose, Jonathan - 2016

This paper explores the economic issues related to systemically important insurance companies, using an example from the Great Depression, the National Surety Company. National Surety was a large and diverse insurance company that experienced a major crisis in 1933 due to losses from its...

Persistent link: https://www.econbiz.de/10013210365

Trade Collapse During the COVID-19 Crisis and the Role of Demand Composition

Simola, Heli - 2021

We examine the role of demand composition in explaining the trade collapse and recovery during the ongoing covid-19 crisis. We apply an import-intensity-adjusted measure of demand to examineimport trends in 40 advanced and emerging economies over the period 1Q95 to 4Q20. We focus on the crisis...

Persistent link: https://www.econbiz.de/10013211442

Art in Times of Crisis

David, Géraldine; Li, Yuexin; Oosterlinck, Kim; … - 2021

Art is often presented as an investment of last resort or a potential safe haven in times of political or financial distress. Yet, as no study has focused on the performance of art markets in times of crisis, this paper fills this gap by means of unclosing historical auction archives. We trace...

Persistent link: https://www.econbiz.de/10013212106

Financial Bubbles, Real Estate Bubbles, Derivative Bubbles, and the Financial and Economic Crisis

Sornette, Didier - 2010

The financial crisis of 2008, which started with an initially well-defined epicenter focused on mortgage backed securities (MBS), has been cascading into a global economic recession, whose increasing severity and uncertain duration has led and is continuing to lead to massive losses and damage...

Persistent link: https://www.econbiz.de/10013144346

Coverage of the Privately Funded Old-Age Provision (Riester-Pension) in Germany - Did the Financial and Economic Crisis Leave Its Mark? (Verbreitung Der Riester-Rente - Hat Die Fin...

Gasche, Martin - 2010

their savings as required by the regulation to obtain full government subsidies. Die Finanz- und Wirtschaftskrise hat auch … Verbreitung der Riester-Rente, verwendet werden. Vielmehr handelt es sich um einen Sondereffekt durch die Finanzkrise. Dass die … Finanz - und Wirtschaftskrise nicht zu einer Krise der privaten Altersvorsorge geführt hat, beweist die Entwicklung des …

Persistent link: https://www.econbiz.de/10013147273

Investing in Crises

Baron, Matthew; Laeven, Luc; Pénasse, Julien; Usenko, … - 2021

We investigate asset returns around banking crises in 44 advanced and emerging economies from 1960 to 2016. In contrast to the view that buying assets during banking crises is a profitable long-run strategy, we find that returns of equity and other asset classes often underperform following...

Persistent link: https://www.econbiz.de/10013242872