Showing results 1 - 4 of 4
| John Y. Campbell
International Comparative Household Finance. John Y. Campbell, August 15, 2015, Paper. "This paper reviews the literature on international comparative household finance. The paper presents summary statistics on household balance sheets for 13 developed countries, and uses these statistics to discuss common features and contrasts across countries. The paper then discusses retirement savings, investments in risky assets, unsecured debt, and…
| John Y. Campbell | Benjamin Ranish
How Do Regulators Influence Mortgage Risk? Evidence from an Emerging Market. John Y. Campbell, Benjamin Ranish, September 9, 2012, Paper. "To understand the effects of regulation on mortgage risk, it is instructive to track the history of regulatory changes in a country rather than to rely entirely on cross-country evidence that can be contaminated by unobserved heterogeneity. However, in developed countries with fairly stable systems of…
| John Y. Campbell
Predicting Financial Distress and the Performance of Distressed Stocks. John Y. Campbell, November 2011, Paper. "The authors examine financially distressed companies’ common stock performance and discover low share prices, high levels of volatility, high leverage, low cash holdings, and low returns, irrespective of size and value characteristics. They build and test a model that measures the probability of a company becoming distressed and then…
| John Y. Campbell
Asset Prices & Monetary Policy. John Campbell, 2008, Book. "Economic growth, low inflation, and financial stability are among the most important goals of policy makers, and central banks such as the Federal Reserve are key institutions for achieving these goals. In 'Asset Prices and Monetary Policy,' leading scholars and practitioners probe the interaction of central banks, asset markets, and the general economy to forge a new understanding…