We develop a model of financial crises with both a financial amplification mechanism, via
frictional intermediation, and a role for sentiment, via time-varying beliefs about an illiquidity …

This paper studies the equilibrium effect of public liquidity on financial crises. Banks borrow
from households via insured deposits and partially runnable debt, and suffer endogenous …

This study evaluates the performance of the Box-Cox and other transformation methods in
dividend policy. Following Lee (1976) and Chang and Lee (1977), we regress stock price on …