parallel to realised volatility. This suggests that the tails of futures returns contain information for risk management that …

We disentangle different driving factors of sovereign bond market integration by studying yield co-movements of EMU … euro, as well as increasing international capital flows, appear to drive low frequency integration. In contrast, yield …

We present a comparable set of results on the monetary transmission channels on firm investment for the four largest … channel. For each of those countries, we estimate neoclassical investment relationships, explaining investment by its user … cost, sales and cash flow. We find investment to be sensitive to user cost changes in all those four countries. This …

The paper explores the investment behaviour of German firms in the context of the Q-approach, which plays a dominant … role in empirical investment research. The analysis is based on the Deutsche Bundesbank's corporate balance sheet … by Gilchrist and Himmelberg. We compare the results from two different estimation techniques for dynamic investment …

model of multinational firms facing real and financial barriers to foreign direct investment (FDI), and we analyze their …’ foreign investment decisions, an effect felt in particular by large firms. Financial constraints at the parent level matter …

The interpretation of the significant relation between business investment spending and cash flow has been … controversial. A large body of research has found that investment/cash flow sensitivities are higher for financially constrained … with the Kaplan and Zingales critique, investment/cash flow sensitivities are lower for financially constrained firms. This …