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Persistent link: https://www.econbiz.de/10003536740
We examine institutional trading in relation to changes in consensus recommendations over time. We find that pre-Reg FD's positive contemporaneous relation between hedge fund trading and change in consensus becomes negative after Reg FD, but the positive relation between non-hedge fund trading...
Persistent link: https://www.econbiz.de/10012831410
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This paper outlines the fundamental economic forces that have led to the decline in traditional banking, that is the process of making loans and funding them by issuing short-dated deposits. The declining competitiveness of traditional banking may threaten financial stability by increasing bank...
Persistent link: https://www.econbiz.de/10012473905
Persistent link: https://www.econbiz.de/10012195857
This paper outlines the fundamental economic forces that have led to the decline in traditional banking, that is the process of making loans and funding them by issuing short-dated deposits. The declining competitiveness of traditional banking may threaten financial stability by increasing bank...
Persistent link: https://www.econbiz.de/10012763562