Loan Product Steering in Mortgage Markets -- by Sumit Agarwal, Gene Amromin,...
We present evidence of a particular type of loan steering in which lenders lead borrowers to take out high margin mortgage products. We identify this activity by comparing borrowers who were rejected...
View ArticleCredit Expansion and Neglected Crash Risk -- by Matthew Baron, Wei Xiong
By analyzing 20 developed countries over 1920-2012, we find the following evidence of overoptimism and neglect of crash risk by bank equity investors during credit expansions: 1) bank credit expansion...
View ArticleSelf-Fulfilling Debt Crises: A Quantitative Analysis -- by Luigi Bocola,...
This paper uses the information contained in the joint dynamics of government's debt maturity choices and interest rate spreads to quantify the importance of self-fulfilling expectations in sovereign...
View ArticleThe Evolution of U.S. Monetary Policy: 2000 - 2007 -- by Michael T. Belongia,...
A vector autoregression with time-varying parameters is used to characterize changes in Federal Reserve policy that occurred from 2000 through 2007 and describe how they affected the performance of the...
View ArticleStealing Deposits: Deposit Insurance, Risk-Taking and the Removal of Market...
Deposit insurance reduces liquidity risk but it also can increase insolvency risk by encouraging reckless behavior. A handful of U.S. states installed deposit insurance laws before the creation of the...
View ArticleThe Formation of Consumer Brand Preferences -- by Bart J. Bronnenberg,...
Brands and brand capital have long been theorized to play an important role in the formation of the industrial market structure of consumer goods industries. We summarize several striking empirical...
View ArticleEconomic Conditions and Mortality: Evidence from 200 Years of Data -- by...
Using data covering over 100 birth-cohorts in 32 countries, we examine the short- and long-term effects of economic conditions on mortality. We find that small, but not large, booms increase...
View ArticleThe Impact of Medical Marijuana Laws on the Labor Supply and Health of Older...
We study the effect of state medical marijuana laws (MMLs) on labor supply and health outcomes among older adults; the demographic group with the highest rates of many chronic conditions for which...
View ArticleThe Impact of Intergenerational Transfers on Household Wealth Inequality in...
To help shed light on the implications of intergenerational transfers for wealth inequality, this paper examines whether or not individuals who receive intergenerational transfers from their parents...
View ArticleBorrowing Requirements, Credit Access, and Adverse Selection: Evidence from...
We examine the potential of asset-collateralized loans in low-income country credit markets. When a Kenyan dairy cooperative exogenously replaced high down payments and joint liability requirements...
View ArticleIntellectual Property Rights Protection, Ownership, and Innovation: Evidence...
Using a difference-in-difference approach, we study how intellectual property right (IPR) protection affects innovation in China in the years around the privatizations of state-owned enterprises...
View ArticleDo Savings Increase in Response to Salient Information about Retirement and...
How can retirement savings be increased? We explore a unique policy change in the context of the German pension system to study this question. As of 2004, the German pension authority started to send...
View ArticleHope as Aspirations, Agency, and Pathways: Poverty Dynamics and Microfinance...
Work in positive psychology decomposes hope into aspirations, agency, and pathways. Operating in the context of an economic model developed with this framework, we review the literature on hope from...
View ArticleDo Grandparents and Great-Grandparents Matter? Multigenerational Mobility in...
Studies of US intergenerational mobility focus almost exclusively on the transmission of (dis)advantage from parents to children. Until very recently, the influence of earlier generations could not be...
View ArticleNasdaq Nordic And Baltic Markets: Trading Statistics September 2016
Nasdaq (Nasdaq:NDAQ) today publishes monthly trade statistics for the Nordic1 and Baltic2 markets. Below follows a summary of the statistics for September 2016:read more...
View ArticleQatar Stock Exchange Is Ready To Commence Margin Trading Activity As Of...
Qatar Stock Exchange (QSE) has announced that it will implement, as of Wednesday October 5th 2016, the decision of the Qatar Financial Markets Authority (QFMA), by which the Group Securities, which is...
View ArticleAxioma Releases Latest Versions Of Axioma Portfolio Analyticsâ¢...
Axioma, a provider of innovative risk and portfolio management solutions, today released updated versions of Axioma Portfolio Analytics™ (“APA”) and Risk Model Machine™ (“RMM”). These enhancements...
View ArticleStatistics From Nasdaq Nordic Exchange September 2016 - Summary
Monthly statistics including stock and derivative statistics;read more...
View ArticleAdvancing Innovation Roundtable Takes Shape - Investment Community Leaders...
TMX Group today announced the members of the Advancing Innovation Roundtable, which include prominent senior executives from the investment and capital formation communities in Canada. Announced in...
View ArticlePurdue/CME Group Ag Economy Barometer: Producer Sentiment Moderates,...
Farmer sentiment toward the agricultural economy improved slightly in September as fall harvest kicked off, according to the latest reading of the Purdue/CME Group Ag Economy Barometer.read more...
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