Camba-Méndez, Gonzalo; Carbó-Valverde, Santiago; … - European Central Bank - 2014
In this paper we study the impact that financial reputation and official market interventions have on the timing and amount of debt issuance decisions by banks. To do so, we propose an extension of the two-part modelling framework of Cragg (1971, eq. 7 and 9) to accommodate random effects. We...