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This paper examines the impact of the Volcker rule, which bans proprietary trading by commercial banks and their affiliates, with some exceptions.
It finds evidence that the rule has increased the cost of liquidity provided by firms it covers, but not decreased the firms’ exposure to liquidity risk.
It also finds that the rule has decreased the market share of covered firms.
Capital structure models indicate how an organization funds it operations, and could include equity, debt and internal funds - also called retained earnings.
Public debt management helps a government entity understand financial needs or operating commitments and find funding sources to "balance" annual budgets.
Credit risk originates from counter-party -- or business partner -- defaults, and is computed by internal models.
Capital markets are securities exchanges where investors buy, hold or sell a variety of financial products.
K, Jiang, K, Liu, Q, Mark, G, Moskal, E, Striegel, A, De Choudhury, M.
Corporate finance research topics cover a variety of fields and are usually taught in advanced programs such as master's and doctorate degree programs.