Gara Afonso, Jun-Davinci Choi, Gonzalo Cisternas, and Will Riordan Within the first two posts of this three-part collection, we mentioned personal market members which can be energetic in repo markets for profit-making motives. Central banks are additionally energetic repo market members, however their causes typically differ from these of personal members. In as we speak’s …
Thomas Drechsel, Daniel Lewis, Davide Melcangi, and Laura Pilossoph It’s well-known that financial coverage impacts corporations’ funding choices. However which corporations are probably the most attentive to adjustments in rates of interest? And does this responsiveness range over time? The literature has given numerous solutions to this query, specializing in traits equivalent to agency measurement, …