Haku
Viitteet 1-10 / 19
Why So Low for So Long? A Long-Term View of Real Interest Rates
(05.09.2022)
International Journal of Central Banking 3
International Journal of Central Banking 3
Prevailing explanations of the long-term decline in real interest rates are premised on the notion that real interest rates over long periods are driven by variations in the underlying real forces governing desired saving ...
Social Capital, Trusting, and Trustworthiness: Evidence from Peer-to-Peer Lending
(12.04.2021)
Journal of Financial and Quantitative Analysis 4 ; June 2022
Journal of Financial and Quantitative Analysis 4 ; June 2022
How does social capital affect trust? Evidence from a Chinese peer-to-peer lending platform shows regional social capital affects the trustee’s trustworthiness and the trustor’s trust propensity. Ceteris paribus, borrowers ...
The Term Structure of Equity Premia and the Macroeconomy : Some Results
(14.05.2022)
Economics Letters July
Economics Letters July
This letter analyses the relationship between the term structure of stock market risk premia and the key macroeconomic variables: inflation and GDP growth. The term structure of risk premia is obtained using a new method ...
Does Experience of Banking Crises Affect Trust in Banks?
(23.09.2021)
Journal of Financial Services Research 1-2 ; October 2022
Journal of Financial Services Research 1-2 ; October 2022
This paper investigates how past experience with banking crises influences an individual’s trust in banks. We combine data on banking crises for the period 1970–2014 with individual data on trust in banks for 52 countries. ...
The diplomacy discount in global syndicated loans
(06.11.2021)
Journal of International Money and Finance February ; 2022
Journal of International Money and Finance February ; 2022
This paper investigates whether state-to-state political ties with the United States affect the pricing of global syndicated loans. We find that a one-standard-deviation improvement in state political ties between the U.S. ...
Gender, Credit, and Firm Outcomes
(07.02.2022)
Journal of Financial and Quantitative Analysis 1
Journal of Financial and Quantitative Analysis 1
Small and micro-enterprises are usually majority-owned by entrepreneurs. Using a unique sample of loan applications from such firms, we study the role of owners’ gender in bank credit decisions and post-credit-decision ...
Velkaantuneiden kotitalouksien rahoitusvarallisuudesta
(29.09.2022)
Kansantaloudellinen aikakauskirja 3/2022
Kansantaloudellinen aikakauskirja 3/2022
Vaikka kotitalouksien velkaantuminen on puhuttanut, suomalaisilla on vähemmän velkoja kuin rahoitusvarallisuutta. Ainakin 1980-luvun jälkeen suomalaisten rahoitusvarallisuus on kasvanut velkoja nopeammin. Vaikka kotitaloudella ...
Revisiting intertemporal elasticity of substitution in a sticky price model
(26.07.2022)
Journal of Economic Dynamics and Control November ; 2022
Journal of Economic Dynamics and Control November ; 2022
Macroeconomic models typically assume additively separable preferences where consumption enters the utility function in a logarithmic form. This restriction implies that consumption growth is highly sensitive to movements ...
Who cares about sanctions? Observations from annual reports of European firms
(11.03.2022)
Post-Soviet Affairs 3 ; 2022
Post-Soviet Affairs 3 ; 2022
This paper uses textual analysis to examine how European corporations assess sanctions in their annual reports. Using observations from a panel of almost 11,500 corporate annual reports from 2014 to 2017, we document ...
Political ties and raising capital in global markets: Evidence from Yankee bonds
(28.05.2022)
Journal of Corporate Finance June ; 2022
Journal of Corporate Finance June ; 2022
This paper examines whether state-to-state political ties help firms obtain better terms when raising funds in global capital markets. Focusing on the Yankee bonds market, we find that issuances by firms from countries ...