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We analyze costly information acquisition and information revelation in groups in a dynamic setting. Even when group members have perfectly aligned interests the group may inefficiently delay decisions. When deadlines are far away, uninformed group members freeride on each others' efforts to...
Persistent link: https://www.econbiz.de/10009246605
theoretical literature, and analyses the contagious nature of currency crises empirically. Using 30 years of panel data from 20 …
Persistent link: https://www.econbiz.de/10005791892
We analyse banking crises using a panel of macroeconomic and financial data for more than 100 developing countries from …
Persistent link: https://www.econbiz.de/10005792121