We present a model in which issuers of asset backed securities choose to release coarse information to enhance the … if issuers restrain the issue size, or tranche it so as to sell the more information-sensitive tranche to sophisticated …

particular cases, the main differential information economies studied in the literature. The analysis is further extended by …

This paper studies the notion of fairness in pure exchange economies involving uncertainty and asymmetric information …

inflation and coarse information disclosure. The paper discusses how regulation can be designed to mitigate these problems in … rating, ban “rating shopping”, and prescribe a more complete format for the information that rating agencies must disseminate. …

The paper analyses how information acquisition and transmission issues affect the determination of the optimal access … rival the information privately acquired on the upstream cost and this, in turn, may negatively affect welfare. On account … information acquisition costs as well as on the regulator’s redistributive concerns. …

Information sharing about borrowers' characteristics and their indebtedness can have important effects on credit … effects of information sharing also helps to shed light on some key issues in the design of a credit information system, such … as the relationship between public and private mechanisms, the dosage between black and white information sharing, and …

This paper compares the optimal investor repayment contracts of a firm which has private information over its expost …

brief account of models that capture these four effects of information sharing on credit market performance, as well as of …Information sharing about borrowers’ characteristics and their indebtedness can have important effects on credit … reporting activity. Understanding the effects of information sharing also helps to shed light on some key issues in the design …