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The internal governance of firms
Acharya, Viral V.; Myers, Stewart C.; Rajan, Raghuram Govind - In: The journal of finance : the journal of the American … 66 (2011) 3, pp. 689-720
Persistent link: https://www.econbiz.de/10009160343
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A crisis of banks as liquidity providers
Acharya, Viral V.; Mora, Nada - In: The journal of finance : the journal of the American … 70 (2015) 1, pp. 1-43
Persistent link: https://www.econbiz.de/10010501949
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Rollover risk and market freezes
Acharya, Viral V.; Gale, Douglas; Yorulmazer, Tanju - In: The journal of finance : the journal of the American … 66 (2011) 4, pp. 1177-1209
Persistent link: https://www.econbiz.de/10009267701
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Are banks passive liquidity backstops? : deposit rates and flows during the 2007-2009 crisis
Acharya, Viral V.; Mora, Nada - 2011
Persistent link: https://www.econbiz.de/10009413023
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How Do Global Banks Scramble for Liquidity? Evidence from the Asset-Backed Commercial Paper Freeze of 2007
Acharya, Viral V. - 2013
In August of 2007, banks faced a freeze in funding liquidity from the asset-backed commercial paper (ABCP) market. We … investigate how banks scrambled for liquidity in response to this freeze and its implications for corporate borrowing. Commercial …
Persistent link: https://www.econbiz.de/10013077991
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Exorbitant Privilege? Quantitative Easing and the Bond Market Subsidy of Prospective Fallen Angels
Acharya, Viral V.; Banerjee, Ryan; Crosignani, Matteo; … - 2022
We document capital misallocation in the U.S. investment-grade (IG) corporate bond market, driven by quantitative easing (QE). Prospective fallen angels–risky firms just above the IG rating cutoff–enjoyed subsidized bond financing since 2009, especially when the scale of QE purchases peaked...
Persistent link: https://www.econbiz.de/10013301918
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Exorbitant Privilege? Quantitative Easing and the Bond Market Subsidy of Prospective Fallen Angels
Acharya, Viral V.; Banerjee, Ryan; Crosignani, Matteo; … - 2022
We document capital misallocation in the U.S. investment-grade (IG) corporate bond market, driven by quantitative easing (QE). Prospective fallen angels—risky firms just above the IG rating cutoff—enjoyed subsidized bond financing since 2009, especially when the scale of QE purchases peaked...
Persistent link: https://www.econbiz.de/10013298377
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Leverage, moral hazard, and liquidity
Acharya, Viral V.; Viswanathan, S. - In: The journal of finance : the journal of the American … 66 (2011) 1, pp. 99-138
Persistent link: https://www.econbiz.de/10008991185
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Aggregate risk and the choice between cash and lines of credit
Acharya, Viral V.; Almeida, Heitor; Campello, Murillo - In: The journal of finance : the journal of the American … 68 (2013) 5, pp. 2059-2116
Persistent link: https://www.econbiz.de/10010204676