Showing 1 - 10 of 33
Persistent link: https://www.econbiz.de/10003741996
Abstract Banks supply liquidity to insure individuals against possible short-term consumption shocks. The higher this level of illiquidity insurance the lower the investments in long run assets, and the higher the risk of a bank run generated by a real negative shock. If individuals are...
Persistent link: https://www.econbiz.de/10014587646
We describe a two-sector, general-equilibrium model of productive sorting under output risk and incomplete information. Risk-neutral (entrepreneurial) individuals can either produce alone, or - acting as employers/insurers - team up with risk-averse (non-entrepreneurial) individuals. Although...
Persistent link: https://www.econbiz.de/10009468886
Persistent link: https://www.econbiz.de/10003353571
Persistent link: https://www.econbiz.de/10008747000
Persistent link: https://www.econbiz.de/10011505908
Persistent link: https://www.econbiz.de/10013270478
Persistent link: https://www.econbiz.de/10011852765
Persistent link: https://www.econbiz.de/10012140223
Persistent link: https://www.econbiz.de/10012149814