Now showing items 1-3 of 3

    • Disentangling the transmission channel NPLs-cost of capital-lending supply 

      Chiesa, Gabriella; Mansilla Fernández, José Manuel Upna (Routledge, 2018)   Artículo / Artikulua
      This paper analyses the effects of non-performing loans (NPLs) on the cost of capital, and on lending and liquidity supply, for a sample of 225 Eurozone banks over the period 2002Q1-2016Q4. Our results demonstrate that ...
    • Estimating the elasticity of intertemporal substitution with leverage 

      González Urteaga, Ana Upna; Rubio, Gonzalo (Elsevier, 2017)   Artículo / Artikulua  OpenAccess
      Following the recent literature on intermediary asset pricing models, this paper argues that the marginal utility of wealth of financial intermediaries can be used to generate enough volatility and counter-cyclicality on ...
    • Pricing levered warrants with dilution using observable variables 

      Abinzano Guillén, María Isabel Upna; Navas, Javier F. (Taylor & Francis, 2013)   Artículo / Artikulua  OpenAccess
      We propose a valuation framework for pricing European call warrants on the issuer's own stock that allows for debt in the issuer firm. In contrast to other works which also price warrants with dilution issued by levered ...