Flowcharts

This is the second in a series of articles that examines the practical applications of economic thought. Its focus is on the most fundamental aspects of finance

The Panic of 2007-2008 was a run on the sale and repurchase market (the “repo” market), which is a very large, short-term market that provides financi

Though overall bank performance from July 2007 to December 2008 was the worst since at least the Great Depression, there is significant variation in the cross-s

This paper is the first in a series of articles that look at the practical benefits of economics/finance literature to the world of business and policymakers an

All too often, the concept of risk-neutral probabilities in mathematical finance is poorly explained, and misleading statements are made. The aim of this paper

We review the main processes used to model financial variables. We emphasize the parallel between discrete-time processes, mainly used by econometricians for ri

We examine deal-level data from 395 private equity transactions in Western Europe initiated by large private equity houses during the period 1991 to 2007. We un

In corporate finance and valuation, we start off with the presumption that the riskfree rate is given and easy to obtain and focus the bulk of our attention on

This document is the written testimony submitted to the House Oversight Committee for its hearing on hedge funds and the financial crisis, held November 13, 200

The essence of structured finance activities is the pooling of economic assets (e.g. loans, bonds, mortgages) and subsequent issuance of a prioritized capital s

Finance scholars’ approach to capital-structure issues reflects a progression of thought over time. This note provides an overview of the current state of capit

Finance scholars’ approach to capital-structure issues reflects a progression of thought over time. This note provides an overview of the current state of capit

Many papers in the empirical finance literature implement tests of asset pricing models either via Fama-French time-series regressions or via Fama-Macbeth cros

Note: SSRN is experimenting with enabling the distribution of different types of files: slides, spreadsheets, video, etc. We are interested in our users desires

This paper reviews the literature on one of the most meaningful concepts in modern behavioural finance, the overconfidence phenomenon. Overconfidence is present

Spanish Abstract: Las recomendaciones sobre la Prima de Riesgo del Mercado de los 100 libros sobre valoración y finanzas analizados (publicados entre 197

In a typical leveraged buyout, there are three components. The acquirers borrow a significant portion of a publicly traded firm’s value (leverage), take a key r

Since the mid-1970s, hundreds of academic studies have been conducted in risk perception-oriented research within the social sciences (e.g., nonfinancial areas)

Many consumers make poor financial choices and older adults are particularly vulnerable to such errors. About half of the population between ages 80 and 89 eith

The dominant model of regulation in the United States for consumer credit, insurance, and investment products is disclosure and unfettered choice. As these pro