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Suzuki, Shiba - 2018

It is widely acknowledged that fire sales were a critical factor in inducing and exacerbating the financial crises of 2007--2008. The leverage of financial intermediaries, which is defined as the ratio of total assets to capital, is a key factor in causing fire sales. Why do financial...

Persistent link: https://www.econbiz.de/10015262530

Market Based, Segregated Exchanges with Default Risk

Kilenthong, Weerachart; Townsend, Robert - 2007

This paper studies a competitive general equilibrium model with default and endogenous collateral constraints. Even though all collateralized contracts are allowed, the possibility and desirability of trade in spot markets (or the equivalent trade in ex ante asset backed securities) creates...

Persistent link: https://www.econbiz.de/10015220395

Dividend Yield and Stock Return in Different Economic Environment: Evidence from Malaysia

Safari, Meysam - 2009

This study investigates the relationship between dividend yields and stock returns in bull and bear markets. Evidences from developed countries show that there should be a positive correlation between dividend yields and stock return in bear markets and a negative correlation between dividend...

Persistent link: https://www.econbiz.de/10015222313

Using sentiment surveys to predict GDP growth and stock returns

Guzman, Giselle C. - 2008

This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...

Persistent link: https://www.econbiz.de/10015230635

Using sentiment to predict GDP growth and stock returns

Guzman, Giselle C. - 2007

Persistent link: https://www.econbiz.de/10015233041

Investment in capital markets

Ledenyov, Dimitri O.; Ledenyov, Viktor O. - 2017

Investment in Capital Markets creates a strategic vision on the financial capital investment in the capital markets with the aim to get an increased return premium in the short and long time periods. The book is written with a main goal to explain the pros and cons of the financial capital...

Persistent link: https://www.econbiz.de/10015255145

Las crisis bursátiles en España y su comparación con otros mercados internacionales: Análisis de sus principales características

Torre-Gallegos, Antonio de la; Bellini, Edith - 2009

Regularly there are periods of a dramatic decline in stock markets that are defined as “stock market crashes” and cause “stock market crisis”. Analysis of the influence of this crisis over the Spanish stock market, the originating causes and their repercussions over the market can enable...

Persistent link: https://www.econbiz.de/10015224164

Contagion in Debt and Collateral Markets

Chang, Jin-Wook - 2021

This paper investigates contagion in financial networks through both debt and collateral markets. Payment from a … show that the existence of the collateral channel of contagion amplifies the contagion from the counterparty channel, and … this additional channel generates different patterns of contagion for a given network structure. If the negative liquidity …

Persistent link: https://www.econbiz.de/10015263440

Contagion in Debt and Collateral Markets

Chang, Jin-Wook - 2021

Persistent link: https://www.econbiz.de/10015269003

Contagion in debt and collateral markets

Chang, Jin-Wook; Chuan, Grace - 2021

This paper investigates contagion in financial networks through both debt and collateral markets. Payment from a … the negative liquidity shock is small, then having more connections makes the network safer as contagion through the debt … counterparty exposures and reduce contagion through the debt channel. However, if collateral is not enough (leverage is high) and …

Persistent link: https://www.econbiz.de/10015269005