Crisis and Risk Management

By Myron S. Scholes. 2000

198 citations recorded by the source corpus.

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Volatility spillovers across global asset classes: Evidence from time and frequency domains (2018, background): “…hedging strategies (Balcilar et al., 2016), patterns of market integration and market efficiency (Bekaert and Harvey, 2003; Bartram et al., 2007; Forte and Peña, 2009), degree of contagion or spillovers (Bae et al., 2003; Bae and Zhang, 2015; Lehkonen, 2015) or risk management (Scholes, 2000).”
Flight to Quality, Flight to Liquidity, and the Pricing of Risk (2004, unknown): “Scholes (2000) points out that liquid assets have an option-type feature because they give their owner the option to convert them easily into cash if needed.”
The role of institutional investors in propagating the crisis of 2007-2008. (2012, unknown): “On the first question, we posit that institutional investors who face a liquidation problem would not sell the now illiquid securitized bonds, but, instead, would sell the more liquid corporate bonds, as suggested by Scholes (2000) and others.”