Francisco Covas
Biographic Data
| ID | 5733924 |
|---|---|
| NAME | Francisco Covas |
| GIVEN NAMES | Francisco |
| FAMILY NAME | Covas |
| SIGNATURE | COVAS F |
| AFFILIATIONS | Federal Reserve Board of Governors |
| VERIFIED | No |
| TOTAL WORKS | 2 |
| TOTAL CITATIONS | 10 |
| AUTHOR COUNT | 2 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2000 |
| LATEST PUBLICATION YEAR | 2012 |
| H-INDEX | 2 |
The Role of Debt and Equity Finance Over the Business Cycle
If equity issuance is introduced into the costly state verification framework and the friction firms face in raising equity is acyclical, then the model cannot simultaneously generate procyclical equity issuance and a countercyclical default rate. This requires a countercyclical equity issuance friction. With a countercyclical friction, the model can also overturn an undesirable feature of the standard debt-only model: dampening of shocks. To qua…
A modified hurdle model for completed fertility
A modified hurdle model for completed fertility
The Role of Debt and Equity Finance Over the Business Cycle
If equity issuance is introduced into the costly state verification framework and the friction firms face in raising equity is acyclical, then the model cannot simultaneously generate procyclical equity issuance and a countercyclical default rate. This requires a countercyclical equity issuance friction. With a countercyclical friction, the model can also overturn an undesirable feature of the standard debt-only model: dampening of shocks. To qua…
A modified hurdle model for completed fertility
The Role of Debt and Equity Finance Over the Business Cycle
If equity issuance is introduced into the costly state verification framework and the friction firms face in raising equity is acyclical, then the model cannot simultaneously generate procyclical equity issuance and a countercyclical default rate. This requires a countercyclical equity issuance friction. With a countercyclical friction, the model can also overturn an undesirable feature of the standard debt-only model: dampening of shocks. To qua…
Economics (2 works) · Accounting (1 works) · Accounting (1 works) · Business cycle (1 works) · Computer Science (1 works) · Credit Risk and Financial Regulations (1 works) · Debt (1 works) · demographic modeling and climate adaptation (1 works) · Demography (1 works) · Demography (1 works)