Blar i Scientific articles på tidsskrift "The Review of financial studies"
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Covered Interest Parity Arbitrage
(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
(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
(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 ...