Matthew Darst

Board of Governors of the Federal Reserve System

Economist

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

SCHOLARLY PAPERS

4

DOWNLOADS

362

SSRN CITATIONS

2

CROSSREF CITATIONS

1

Scholarly Papers (4)

Credit Default Swaps in General Equilibrium: Endogenous Default and Credit Spread Spillovers

Journal of Money, Credit, and Banking, Forthcoming
Number of pages: 60 Posted: 30 May 2013 Last Revised: 26 Jan 2018
Matthew Darst and Ehraz Refayet
Board of Governors of the Federal Reserve System and Office of the Comptroller of the Currency, Department of Treasury
Downloads 109 (255,470)
Citation 1

Abstract:

Loading...

credit derivatives, borrowing costs, spillovers, investment, default risk

Credit Default Swaps in General Equilibrium: Spillovers, Credit Spreads, and Endogenous Default

FEDS Working Paper No. 2016-042
Number of pages: 48 Posted: 09 May 2016
Matthew Darst and Ehraz Refayet
Board of Governors of the Federal Reserve System and Office of the Comptroller of the Currency, Department of Treasury
Downloads 57 (377,798)

Abstract:

Loading...

credit derivatives, spillovers, investment, default risk

Heterogeneous Beliefs, Collateral, and Endogenous Debt Maturity

Number of pages: 47 Posted: 14 Feb 2016 Last Revised: 26 Jan 2018
Matthew Darst and Ehraz Refayet
Board of Governors of the Federal Reserve System and Office of the Comptroller of the Currency, Department of Treasury
Downloads 114 (247,396)

Abstract:

Loading...

Collateral, Debt Maturity, Investment, Cost of Capital, Debt Covenants, Seniority

A Model of Endogenous Debt Maturity with Heterogeneous Beliefs

FEDS Working Paper No. 2017-057
Number of pages: 56 Posted: 30 May 2017 Last Revised: 21 Feb 2019
Matthew Darst and Ehraz Refayet
Board of Governors of the Federal Reserve System and Office of the Comptroller of the Currency, Department of Treasury
Downloads 28 (499,607)

Abstract:

Loading...

Collateral, Cost of capital, Debt covenants, Debt maturity, Investment

3.

Half-Full or Half-Empty? Financial Institutions, CDS Use, and Corporate Credit Risk

FEDS Working Paper No. 2018-047
Number of pages: 63 Posted: 23 Jul 2018 Last Revised: 21 Feb 2019
Cecilia Caglio, Matthew Darst and Eric Parolin
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Office of Financial Research
Downloads 45 (412,804)

Abstract:

Loading...

Bank lending, Credit default swaps, Risk management

4.

Mixed Signals: Investment Distortions with Adverse Selection

FEDS Working Paper No. 2019-44
Number of pages: 46 Posted: 17 Jul 2019
Matthew Darst and Ehraz Refayet
Board of Governors of the Federal Reserve System and Office of the Comptroller of the Currency, Department of Treasury
Downloads 9 (599,285)

Abstract:

Loading...

Asymmetric Information, Cost Of Capital, Credit Default Swaps, Investment, Pecuniary Externality, Signalling