Dynamic corporate finance
Contingent claims analysis
Credit risk Financial market structure and regulation
Structuring financial contracts and institutions
We study the evolution of pay in US bank holding companies since 1986. We first set out the main empirical characteristics in both cross-section and...
Since 1978 China has developed strongly using a particular form of capitalism which has relied upon close relations between private enterprise and the...
This paper analyses of how risk is allocated in China’s markets for debt issued by non-financial enterprises. Compared to other major corporate bond...
Current stress testing of banks is focused on the resiliency of individual banks to exogenous shocks. This column describes how the next generation of...
Non-supervisory bank stress testing is becoming firmly embedded in the post-crisis macroprudential frameworks of major financial sectors around the...
This CEPR Press eBook presents the perspectives of policymakers, stress test designers and academics on the remarkable development of stress testing...
Since the onset of the Global Crisis in 2007-08, stress testing has emerged as a major component of the supervisory toolkit. This column introduces a...
