We investigate the relationship between immigrant status and mortgage delinquency in the United States. We find that after controlling for observables, newly arrived immi[...]

Les économistes se sont longtemps demandé si le financement des déficits du gouvernement par l'émission d'obligations plutôt que par l'augmentation des impôts entraîne de[...]

We investigate the macroeconomic determinants of corporate spreads using a no-arbitrage technique. Structural shocks are identified by a New-Keynesian model. Treasury bon[...]

Although dealership government and equity securities have, on the surface, similar market structures, the author demonstrates that some subtle differences exist between t[...]

The authors describe the liabilities model of the Exchange Fund Account (EFA). The EFA is managed using an asset-liability matching framework that requires currency and d[...]

The stochastic simulation model suggested by Bolder (2003) for the analysis of the federal government's debt-management strategy provides a wide variety of useful informa[...]

Debt strategy is defined as the manner in which a government finances an excess of government expenditures over revenues and any maturing debt issued in previous periods.[...]

We build a dynamic capital structure model to study the link between systematic risk exposure and debt maturity, as well as their joint impact on the term structure of cr[...]

An effective technique governments use to evaluate the desirability of different financing strategies involves stochastic simulation. This approach requires the postulati[...]

In this paper, we provide empirical evidence on the factors that motivated emerging economies to change their capital outflow controls in recent decades. Liberalization o[...]