Purpose - In futures markets, margin trading not only relaxes leverage constraints but also entails the risk of margin … leverage constraints in futures markets. This study aims to address this gap by focusing on margin call risk. Through bootstrap … investors with sufficiently short holding periods are less likely to face leverage constraints in futures markets, especially …

deep recessions. We develop a macroeconomic model with a banking sector in which banks’ leverage constraints are …

macroeconomic model with a banking sector in which banks' leverage constraints are occasionally binding and equity issuance is …

This paper provides causal evidence that leverage constraints can reduce the underperformance of individual investors …

binding leverage constraints and may endogenously affect the strength of their balance sheets by issuing new equity. The model …