Prof. Alon Raviv

Journals

1. How Likely is an Inflation Disaster?, 2025, (with Jens Hilscher and Ricardo Reis), Review of Financial Studies , Forthcoming , Video Overview, Podcast.
2. "Dynamic volatility regulation of financial institutions,", 2024, (with Jens Hilscher and Zvi Wiener),  Finance Research Letters 61.
3. “Analysis of Bank Financial Statements: A Topic Modeling Approach to Risk Identification” (with Avinoam Blum), 2023,  Theory and Practice in Management 6.
4. "The Effects of the Financial Crisis and Basel III on Banks’ Risk Disclosure:   A Textual Analysis,", 2023, (with Avinoam Blum),  Finance Research Letters 53.
5. "Inflating Away the Public? An Empirical Assessment", 2022, (with Jens Hilscher and Ricardo Reis), Review of Financial Studies 35.
6. "Banks Risk Taking and Creditors Bargaining Power,", 2022, (with Yuval Heller and Sharon Peleg Lazar)),  Journal of Corporate Finance 74.
7. "Economists in the 2008 Financial Crisis: Slow to See, Fast to Act", 2022, (with Daniel Levy and Tamir Mayer),  Journal of Financial Stability  60.
8. "Designing Bankers' Pay: Using Contingent Capital to Reduce Risk-shifting Incentives", 2022, (with Jens Hilscher and Sharon Peleg-Lazar),  Quarterly Journal of Finance  12.
9. "Optimal regulation, executive compensation and risk taking by financial institutions", 2021, (with Jens Hilscher and Yoram Landskroner),  Journal of Corporate Finance 71.
10. “Risk management of Corporate Bond indexes - A structural Model” (with Gil Karisa and Sharon Peleg-Lazar), 2021, Theory and Practice in Management 2.
11. "The Risk Spiral - The Effects of Bank Capital and Diversification on Risk Taking, (with Sharon Peleg Lazar), 2019, International Review of Financial Analysis 65.
12. “A Closed-Form Solution to the Risk-Taking Motivation of Subordinated Debtholders”, 2019, (with Yuval Heller and Sharon Peleg Lazar), Economics Letters 181, 169-173.
13. “The Effect of Liquidity on Non-Marketable Securities”, 2018, (with Menachem Abudy and Hadar Binsky), Financial Research Letters, 26, 139-144.
14. “Heterogeneous beliefs and the choice between private restructuring and formal bankruptcy”, 2017, (with Pascal Francois), North American Journal of Economics and Finance, 41, 156-167.
15. ."Bank risk dynamics where assets are risky debt claims”, 2017 (with Sharon Peleg Lazar), European Financial Management , 23, 1-17.
16. "How much can illiqudiity affect corporate debt yield spread?”, 2016 (with Menachem Abudy), Journal of Financial Stability, 25, 58-69.
17. "Bank stability and market discipline: The effect of contingent capital on risk taking and default probability”, 2014 (with Jens Hilscher), Journal of Corporate Finance (Corporate Finance Theory Special Issue), 29, 542-560. Eastern Finance Association Outstanding Paper in Financial Institutions
18. "Will the US  inflate away its public debt?”, 2014 (with Jens Hilscher and Ricardo Reis), VOXeu.
19. “Inflation derivatives under inflation target regimes” 2013, (with Mordecai Avriel and Jens Hilscher),  Journal of Futures Markets 33, 911-938.
20. “Executive compensation, risk taking and the state of the economy”, 2013, (with Elif Sisli), Journal of Financial Stability 9, 55-68.
21. “Liquidation triggers and the valuation of equity and debt”, 2007, (with Dan Galai and Zvi Wiener), Journal of Banking and Finance 31, 3604-3620.
22. “The valuation of inflation indexed and FX convertible bonds”, 2008, (with Yoram Landskroner), Journal of Futures Markets, 28, 634-655.
23. “Credit spread implied by Inflation-Indexed convertible bonds” , 2003, (with Yoram Landskroner), Banking Review 8.
24. “Measuring the average marginal tax on labor income”, 1995, (with Momi Dahan), Israeli Economic Quarterly 3.

Papers in Books

1. “Executive Compensation and Risk Taking: The Impact of Systemic Crises.” (with  Elif Sisli-Ciamarra).  in Amann, Wolfgang, Ted Azarmi and Mathias Moersch eds. The Financial Crisis - Implications for Research and Teaching, Springer Verlag. 2016.

2.  “A balance sheet approach for sovereign debt”, (with Dan Galai, Yoram Landskroner and Zvi Wiener). Bridging the GAAP: Recent Advances in Finance and Accounting, edited by Itzhak Venezia and Zvi Weiner, 2012

Other Publications 

1.  “Inflation Risks are on the Rise.” 2022, (with Jens Hilscher and Ricardo Reis),ARE Update 25(3): 9–11. University of California Giannini Foundation of Agricultural Economics

2. "Economists in the 2008 crisis: Slow to see, fast to act", 2020, (with Daniel Levy and Tamir Levy) VOXeu.