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Collateralized borrowing and risk taking at low interest rates
16 references·4 citing·42 second hop
Collateralized borrowing and risk taking at low interest rates (2016)Collateralized borrowing and risk taking …Securitized banking and the run on repo (2011)Securitized banking and the r…Capital regulation, risk-taking and monetary policy: A missing link in the transmission mechanism? (2011)Capital regulation, risk-taki…Financial Intermediation and Credit Policy in Business Cycle Analysis (2010)Financial Intermediation and …Basel Committee On Banking Supervision (2010)Basel Committee On Banking Su…The cost of capital, corporation finance and the theory of investment (2008)The cost of capital, corporat…Liquidity and leverage (2008)Liquidity and leverageRisk Taking by Mutual Funds as a Response to Incentives (1997)Risk Taking by Mutual Funds a…Financial Intermediation, Loanable Funds, and The Real Sector (1997)Financial Intermediation, Loa…Credit Cycles (1997)Credit CyclesRisk Taking by Mutual Funds as a Response to Incentives (1995)Risk Taking by Mutual Funds a…Agency Costs, Net Worth, And Business Fluctuations (1988)Agency Costs, Net Worth, And …LIFETIME PORTFOLIO SELECTION BY DYNAMIC STOCHASTIC PROGRAMMING (1975)LIFETIME PORTFOLIO SELECTION …An Intertemporal Capital Asset Pricing Model (1973)An Intertemporal Capital Asse…Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)Lifetime Portfolio Selection …Lifetime Portfolio Selection By Dynamic Stochastic Programming (1969)Lifetime Portfolio Selection …The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Cost of Capital, Corporat…Managing inventory financing in a volatile market: A novel data-driven copula model (2022)Managing inventory financing …Monetary Policy and Macroprudential Regulation with Financial Frictions (2020)Monetary Policy and Macroprud…Intermediation as Rent Extraction (2017)Intermediation as Rent Extrac…Cheap money and risk taking: Opacity versus fundamental risk (2013)Cheap money and risk taking: …Bank Runs, Deposit Insurance, and Liquidity (1983)Financial Intermediation and Delegated Monitoring (1984)A model of unconventional monetary policy (2010)Credit Spreads and Business Cycle Fluctuations (2012)A Macroeconomic Model with a Financial Sector (2014)Moral Hazard and Observability (1979)Optimal contracts and competitive markets with costly state verification (1979)Theory ahead of business-cycle measurement (1986)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Financial intermediation and growth: Causality and causes (2000)Aspects of the Theory of Risk-Bearing. (1966)Optimum consumption and portfolio rules in a continuous-time model (1971)Risk Aversion in the Small and in the Large (1976)Predicting Excess Stock Returns Out of Sample: Can Anything Beat the Historical Average? (2007)The effect of bonus schemes on accounting decisions (1985)Aggregation and Linearity in the Provision of Intertemporal Incentives (1987)Managerial Incentive Problems: A Dynamic Perspective (1999)The Geography of Investment: Informed Trading and Asset Prices (2001)Mutual Fund Flows and Performance in Rational Markets (2004)Private Equity Performance: Returns, Persistence, and Capital Flows (2005)Monitoring and Reputation: The Choice between Bank Loans and Directly Placed Debt (1991)Chapter 21 The financial accelerator in a quantitative business cycle framework (1999)Deciphering the Liquidity and Credit Crunch 2007–2008 (2009)The General Theory of Employment, Interest and Money, by John Maynard Keynes (1936)The Theory of Investment Value, by John Burr Williams (1939)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)The Pricing of Options and Corporate Liabilities (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Law and Finance (1998)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)The Limits of Arbitrage (1995)The Cross‐Section of Volatility and Expected Returns (2006)Market Liquidity and Funding Liquidity (2008)CoVaR (2016)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)The Capital Structure Puzzle (1984)A Survey of Corporate Governance (1997)
this work references cited by second hop

References

  • 1958The Cost of Capital, Corporation Finance and the Theory of Investment14,575 cited
  • 2008The cost of capital, corporation finance and the theory of investment8,614 cited
  • 1973An Intertemporal Capital Asset Pricing Model6,557 cited
  • 1997Credit Cycles5,254 cited
  • 1969Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case5,199 cited
  • 1988Agency Costs, Net Worth, And Business Fluctuations4,382 cited
  • 1997Financial Intermediation, Loanable Funds, and The Real Sector3,910 cited
  • 2008Liquidity and leverage2,557 cited
  • 1997Risk Taking by Mutual Funds as a Response to Incentives2,295 cited
  • 2010Financial Intermediation and Credit Policy in Business Cycle Analysis1,986 cited
  • 1975LIFETIME PORTFOLIO SELECTION BY DYNAMIC STOCHASTIC PROGRAMMING1,941 cited
  • 2011Capital regulation, risk-taking and monetary policy: A missing link in the transmission mechanism?1,799 cited
  • 2011Securitized banking and the run on repo1,728 cited
  • 1969Lifetime Portfolio Selection By Dynamic Stochastic Programming1,692 cited
  • 1995Risk Taking by Mutual Funds as a Response to Incentives1,614 cited

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2010
Basel Committee On Banking Supervision
1,610 cited

Cited by

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