Federal Dposit InsuranceCorporation• Center for Financial Researchh
Sanjiv R. Das
Darrell Duffie
Nikunj Kapadia
Risk-Based Capital Standards,
Deposit Insurance and Procyclicality
Risk-Based Capital Standards,
Deposit Insurance and Procyclicality
FDIC Center for Financial Research
Working Paper
No. 2010-04
Momentum in Corporate Bond Returns
May 2010
Empirical Comparisons and Implied Recovery Rates
kkk
An Empirical
An Empirical Analysis
State-
Efraim Benmel Efraim Benmelech May, 2005
June 20
May , 2005 Asset S2005-14
September 2005
Sanjiv R. Das
Darrell Duffie
Nikunj Kapadia
Risk-Based Capital Standards,
Deposit Insurance and Procyclicality
Risk-Based Capital Standards,
Deposit Insurance and Procyclicality
FDIC Center for Financial Research
Working Paper
No. 2010-04
Momentum in Corporate Bond Returns
May 2010
Empirical Comparisons and Implied Recovery Rates
kkk
An Empirical
An Empirical Analysis
State-
Efraim Benmel Efraim Benmelech May, 2005
June 20
May , 2005 Asset S2005-14
September 2005
Momentum in Corporate Bond Returns
Gergana Jostova
School of Business
George Washington University
jostova@gwu.edu
Stanislava Nikolova ∗
U.S. Securities and Exchange Commission
nikolovas@sec.gov
Alexander Philipov
School of Management
George Mason University
aphilipo@gmu.edu
Christof W. Stahel ∗∗
School of Management
George Mason University
cstahel@gmu.edu
This Revision: July 31, 2010
∗ The Securities and Exchange Commission disclaims responsibility for any private pub-
lication or statement of any SEC employee or Commissioner. This paper expresses the
author’s views and does not necessarily reflect those of the Commission, Commissioners,
or other members of the staff.
∗∗ Christof W. Stahel is a Research Fellow at the Federal Deposit Insurance Corporation.
The FDIC disclaims responsibility for any private publication or statement of any FDIC
employee. This paper expresses the author’s views and does not necessarily reflect those
of the FDIC.
Gergana Jostova
School of Business
George Washington University
jostova@gwu.edu
Stanislava Nikolova ∗
U.S. Securities and Exchange Commission
nikolovas@sec.gov
Alexander Philipov
School of Management
George Mason University
aphilipo@gmu.edu
Christof W. Stahel ∗∗
School of Management
George Mason University
cstahel@gmu.edu
This Revision: July 31, 2010
∗ The Securities and Exchange Commission disclaims responsibility for any private pub-
lication or statement of any SEC employee or Commissioner. This paper expresses the
author’s views and does not necessarily reflect those of the Commission, Commissioners,
or other members of the staff.
∗∗ Christof W. Stahel is a Research Fellow at the Federal Deposit Insurance Corporation.
The FDIC disclaims responsibility for any private publication or statement of any FDIC
employee. This paper expresses the author’s views and does not necessarily reflect those
of the FDIC.