The Transmission of Bank Liquidity Shocks: Evidence from House Prices
H Özlem Dursun-de Neef
Review of Finance, Volume 23, Issue 3, May 2019, Pages 629–658, https://doi.org/10.1093/rof/rfy001
The financial crisis of 2007-2009 led to a negative liquidity shock that affected many banks.… Read more...
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Renegotiation Frictions and Financial Distress Resolution: Evidence from CDS Spreads
Murillo Campello; Tomislav Ladika; Rafael Matta
Review of Finance, Volume 23, Issue 3, May 2019, Pages 513–556, https://doi.org/10.1093/rof/rfy021
Financially distressed firms often attempt to renegotiate with creditors outside of bankruptcy court, to forgo the deadweight costs of drawn-out legal battles.… Read more...
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Economic Links and Cross-Predictability of Stock Returns: Evidence from Characteristic-Based “Styles
Sebastian Müller
Review of Finance, Volume 23, Issue 2, March 2019, Pages 363–395,
https://doi.org/10.1093/rof/rfx033
News released by one firm may contain value-relevant information also for other, economically-related firms.… Read more...
Did You See What I Saw? Interpreting Others’ Forecasts When Their Information Is Unknown
Anthony M Kwasnica; Raisa Velthuis; Jared Williams
Review of Finance, Volume 23, Issue 2, March 2019, Pages 325–361, https://doi.org/10.1093/rof/rfx0522
In many settings, people have access to a wide variety of information sources.… Read more...
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Bank Exposures and Sovereign Stress Transmission
Review of Finance, Volume 21, Issue 6, 1 October 2017, Pages 2103–2139, https://doi.org/10.1093/rof/rfx038
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Foreign Investor Heterogeneity and Stock Liquidity around the World
Review of Finance, Volume 20, Issue 5, 1 August 2016, Pages 1867–1910,https://doi.org/10.1093/rof/rfv048
This article examines whether foreign investor heterogeneity plays a role in stock liquidity in a sample of 27,828 firms from 39 countries worldwide.… Read more...
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International Diversification Benefits with Foreign Exchange Investment Styles
Review of Finance, Volume 18, Issue 5, 1 August 2014, Pages 1847–1883,https://doi.org/10.1093/rof/rft047
Currency hedging strategies and their role in portfolio management have been studied extensively by researchers and practitioners alike.… Read more...
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What Do Stock Markets Tell Us about Exchange Rates?
Review of Finance, Volume 20, Issue 3, 1 May 2016, Pages 1045–1080,https://doi.org/10.1093/rof/rfv032
An investor holding foreign equities is naturally exposed to exchange rate fluctuations.… Read more...
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Downside Market Risk of Carry Trades
Victoria Dobrynskaya
Review of Finance, Volume 18, Issue 5, 1 August 2014, Pages 1885–1913, https://doi.org/10.1093/rof/rfu004
According to uncovered interest parity, free capital mobility ensures that investments in different currencies with different levels of local interest rates do not consistently generate excess returns because a positive interest rate differential should be compensated by the expected exchange rate depreciation of the target currency.… Read more...
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Investing in a Global World
Review of Finance, Volume 18, Issue 2, 1 April 2014, Pages 561–590,https://doi.org/10.1093/rof/rft015
There is ample evidence on the performance and persistence of funds (both retail and institutional) that invest in U.S.… Read more...
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