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Strategic complementarity, fragility, and regulation
Vives, Xavier - 2011
interpret the 2007 run on SIV and ABCP conduits. …
Persistent link: https://www.econbiz.de/10010277386
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Testing Efficiency of Derivative Markets: ISE30, ISE100, USD and EURO
Akal, Mustafa; Birgili, Erhan; Durmuskaya, Sedat - In: Business and Economics Research Journal 3 (2012) 4, pp. 1-1
, normality and run tests applied to spot and futures prices or differences of them, and Adopted Purchasing Power Parity test … run tests on the differences between spot and futures prices series, and Adopted Purchasing Power Parity test, or … autocorrelation, normality and run tests test based on spot series all rejected “the acceptance of efficient market hypothesis” under …
Persistent link: https://www.econbiz.de/10010991018
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Bank liquidity risk, from John Law (1705) to Walter Bagehot (1873).
de Boyer des Roches, Jérôme - Université Paris-Dauphine
account (the pound sterling) and money of payment (the guinea) may induce a bank run. Second, according to Cantillon (1730 …
Persistent link: https://www.econbiz.de/10008551677
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Do-it-yourself shuffling and the number of runs under randomness
Smeeton, Nigel; Cox, Nicholas J. - In: Stata Journal 3 (2003) 3, pp. 270-277
A common class of problem in statistical science is estimating, as a benchmark, the probability of some event under randomness. For example, in a sequence of events in which several outcomes are possible and the length of the sequence and number of outcomes of each type known, the number of runs...
Persistent link: https://www.econbiz.de/10005583351
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Strategic Complementarity, Fragility, and Regulation
Vives, Xavier - CESifo - 2011
interpret the 2007 run on SIV and ABCP conduits. …
Persistent link: https://www.econbiz.de/10009144883
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Bank liquidity risk, from John Law (1705) to Walter Bagehot (1873)
de Boyer des Roches, Jérôme - Université Paris-Dauphine (Paris IX) - 2009
account (the pound sterling) and money of payment (the guinea) may induce a bank run. Second, according to Cantillon (1730 …
Persistent link: https://www.econbiz.de/10011074165
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The consequences of endogenizing information for herd behavior
Swank, Otto H.; Visser, Bauke - 2003
In models of sequential decision making herd behaviour occurs if the signals smart(dumb) agents receive are (un)correlated and if agents have reputational concerns. We show thatintroducing costly effort to become informed about project payoffs (i) eliminates herdbehaviour and (ii) shifts...
Persistent link: https://www.econbiz.de/10011333265
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Herding, rent-seeking taxpayers, and endemic corruption
Epstein, Gil S.; Gang, Ira N. - 2022
In an environment with extensive corruption where much of the population evades paying their full taxes due, we tackle the question of optimal taxation when constituencies with opposing objectives (the poor and the rich) push tax policy in different directions. We think in terms of a government...
Persistent link: https://www.econbiz.de/10013469619
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Effect of economic, politics and geopolitics crisis on herd behaviour in an emerging market : evidence from Borsa Istanbul
Yıldırım, Durmuş Çağrı; Eren, Miraç - In: Ekonomický časopis : časopis pre ekonomickú … 72 (2024) 1/2, pp. 72-101
Persistent link: https://www.econbiz.de/10015053776
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On the absorbability of herd behaviour and informational cascades: an experimental analysis
Morone, Andrea; Fiore, Annamaria; Sandri, Serena - 2007
A theory is said to be fully absorbable whenever its own acceptance by all of the individuals belonging to a certain population does not question its predictive validity. This accounts for strategic equilibria and can be related to the logic underlying convergence of behaviour and intentional...
Persistent link: https://www.econbiz.de/10010296827