Blar i Handelshøyskolen BI på tidsskrift "The Review of financial studies"

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    • Covered Interest Parity Arbitrage 

      Rime, Dagfinn; Schrimpf, Andreas; Syrstad, Olav (Peer reviewed; Journal article, 2022)
      To understand deviations from covered interest parity (CIP), it is crucial to account for heterogeneity in funding costs across both banks and currency areas. For most market participants, the no-arbitrage relation holds ...

    • Dividend Payouts and Rollover Crises 

      Juelsrud, Ragnar Enger; Nenov, Plamen (Journal article; Peer reviewed, 2019)
      We study dividend payouts when banks face coordination-based rollover crises. Banks in the model can use dividends to both risk shift and signal their available liquidity to short-term lenders, thus, influencing the lenders’ ...

    • Endogenous Leverage and Advantageous Selection in Credit Markets 

      Nenov, Plamen T. (Journal article; Peer reviewed, 2017)
      I study asset price amplification in an asymmetric information model. Entrepreneurs issue debt to finance investments in a physical asset. They have private information about their success probabilities. For a given debt ...

    • The Leading Premium 

      Croce, Mariano Massimiliano; Marchuk, Tatyana; Schlag, Christian (Journal article; Peer reviewed, 2023)
      In this paper, we consider conditional measures of lead-lag relations between aggregate growth and industry-level cash flow growth in the United States. Our results show that firms in leading industries pay an average ...

    • Market Discipline in the Direct Lending Space 

      Davydiuk, Tetiana; Marchuk, Tatyana; Rosen, Samuel (Journal article; Peer reviewed, 2023)
      Using the exclusion of business development companies (BDCs) from stock indexes, this paper studies the effectiveness of market discipline in the direct lending space. Amid share sell-offs by institutional investors, a ...