Monetary policy shocks and financially constrained stock returns: The effects of the financial crisis
Sign Up to like & getrecommendations! Published in 2018 at "International Review of Financial Analysis"
DOI: 10.1016/j.irfa.2018.05.001
Abstract: This study provides comprehensive evidence on the return response of financially constrained firms listed on London Stock Exchange (LSE) to UK monetary policy shocks extracted from the Bank of England's MPC meetings relative to expectations… read more here.
Keywords: policy; financially constrained; monetary policy; stock returns ... See more keywords
Financially constrained mortgage servicers
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DOI: 10.1016/j.jfineco.2021.09.026
Abstract: Abstract Financially constrained mortgage servicers destroyed substantial MBS investor value during the financial crisis through their management of delinquent mortgages. Servicers advance to investors monthly payments missed by borrowers. In order to minimize this obligation… read more here.
Keywords: financially constrained; mortgage; constrained mortgage; investor ... See more keywords
A guaranteed immediate payout reduces impatience of financially constrained individuals
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DOI: 10.1073/pnas.2108832119
Abstract: Significance A wealth of existing findings show that financially constrained individuals are myopic decision-makers who are particularly concerned about the present. We propose that the use of existing intertemporal choice tasks may have skewed our… read more here.
Keywords: constrained individuals; immediate payout; choice; financially constrained ... See more keywords