Recent Submissions

  • Financial Repression in the European Sovereign Debt Crisis 

    Becker, Bo; Ivashina, Victoria (Oxford University Press (OUP), 2018-02)
    By the end of 2013, the share of government debt held by the domestic banking sectors of Eurozone countries was more than twice its 2007 level. We show that this type of increasing reliance on the domestic banking sector ...
  • The Effect of Prohibiting Deal Protection in Mergers and Acquisitions: Evidence from the United Kingdom 

    Restrepo, Fernán; Subramanian, Guhan (University of Chicago Press, 2017-02)
    Since 2011, the UK has prohibited all deal protections—including termination fees—in M&A deals. Prior to 2011, the UK permitted termination fees up to 1% of deal value and there was no prohibition on other protection ...
  • Corporate Debt, Firm Size and Financial Fragility in Emerging Markets 

    Alfaro, Laura; Asis, Gonzalo; Chari, Anusha; Panizza, Ugo (Elsevier BV, 2019-05)
    The post-Global Financial Crisis period shows a surge in corporate leverage in emerging markets and a number of countries with deteriorated corporate financial fragility indicators (Altman’s Z-score). Firm size plays a ...

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