G1 - General Financial Markets

• Modelling Term-Structure Dynamics for Risk Management: A Practitioner's Perspective

  Staff Working Paper 2006-48 David Bolder

  Modelling term-structure dynamics is an important component in measuring and managing the exposure of portfolios to adverse movements in interest rates.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Financial markets, Interest rates JEL Code(s): C, C0, C6, E, E4, G, G1

• The Role of Debt and Equity Finance over the Business Cycle

  Staff Working Paper 2006-45 Francisco Covas, Wouter den Haan

  The authors show that debt and equity issuance are procyclical for most listed U.S. firms.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Financial stability JEL Code(s): E, E3, G, G1, G3

• The Long-Term Effects of Cross-Listing, Investor Recognition, and Ownership Structure on Valuation

  Staff Working Paper 2006-44 Michael R. King, Dan Segal

  The authors show that the widening of a foreign firm's U.S. investor base and the improved information environment associated with cross-listing on a U.S. exchange each have a separately identifiable effect on a firm's valuation.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial markets, International topics JEL Code(s): G, G1, G12, G15