Now showing items 1-7 of 7

    • Dollar Funding and the Lending Behavior of Global Banks 

      Ivashina, Victoria; Scharfstein, David Stuart; Stein, Jeremy C. (Oxford University Press (OUP), 2015-05-19)
      A large share of dollar-denominated lending is done by non-U.S. banks, particularly European banks. We present a model in which such banks cut dollar lending more than euro lending in response to a shock to their credit ...
    • Essays in Corporate Finance 

      Mezzanotti, Filippo (2016-05-13)
      Macroeconomic and institutional shocks are important drivers of firms' activities. In chapter one, I examine the role of patent litigation in affecting companies’ innovation. Studying a landmark Supreme Court decision, I ...
    • Essays in Energy Economics and Entrepreneurial Finance 

      Howell, Sabrina T. (2015-05-11)
      When does government intervention successfully correct perceived market failures? What effects do such interventions have on firm decisions? These questions are especially vital to the energy sector, which features large ...
    • Essays in Financial Economics 

      Kirti, Divya (2016-04-25)
      The chapters in this dissertation study the incidence of risk, risk taking, and the role of markets used to trade risk, with a focus on interest-rate risk. In Chapter 1, I ask why bank-dependent firms bear interest-rate ...
    • An Evaluation of Money Market Fund Reform Proposals 

      Hanson, Samuel Gregory; Scharfstein, David Stuart; Sunderam, Aditya Vikram (2015-09-29)
      U.S. money market mutual funds (MMFs) are an important source of dollar funding for global financial institutions, particularly those headquartered outside the U.S. MMFs proved to be a source of considerable instability ...
    • Finance Implications of the Great Recession 

      Zwick, Eric Meinberg (2014-06-06)
      Macroeconomic events in the United States during the last ten years—the housing bubble, the financial crisis and the subsequent, deep recession—brought several puzzles to the attention of economists and policymakers. Why ...
    • Lowering the Cost of Bank Recapitalization 

      Coates, John; Scharfstein, David Stuart (Yale Journal on Regulation, 2009)
      Efforts to recapitalize banks in the current crisis have to date been focused on government assistance under the TARP, rather than private investment, and on bank holding companies, rather than banks. We describe three ...