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Risk Aversion and Social Networks
Kovarik, Jaromir; Leij, Marco J. van der - Tinbergen Instituut - 2011
This discussion paper resulted in a publication in the 'Review of Network Economics' (forthcoming).<P> Agents involved in the formation of a social or economic network typically face uncertainty about the benefits of creating a link. However, the interplay of such uncertainty and risk attitudes has...</p>
Persistent link: https://www.econbiz.de/10011256629
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Toward a Framework for Systemic Liquidity Policy
Hobbs, J. Kimball; Dziobek, Claudia Helene; Marston, David - International Monetary Fund (IMF) - 2000
International policy efforts to strengthen financial systems have highlighted the role of liquidity. This paper … explores a framework to assess arrangements for market liquidity and lays out elements of systemic liquidity policy. Robust … arrangements for liquidity provide confidence to market participants that liquidity can be mobilized on demand in a predictable and …
Persistent link: https://www.econbiz.de/10005604876
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Sweden; Financial Sector Assessment Program Update: Technical Note on Reviewing the Systemic Liquidity Risk Management Framework
International Monetary Fund (IMF); International … - 2011
The Swedish banking system faced a severe liquidity strain during the global financial crisis owing to their extensive … recommendations made in the Financial Sector Assessment Program (FSAP) Update in the area of systemic liquidity risk management …, especially in relatively weak areas and some aspects of Riksbank’s domestic liquidity toolkit. But it does not cover a range of …
Persistent link: https://www.econbiz.de/10011243697
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Simultaneous Search and Network Efficiency
Gautier, Pieter A.; Holzner, Christian L. - Tinbergen Instituut - 2011
When workers send applications to vacancies they create a network. Frictionsarise because workers typically do not know where other workers apply to and firmsdo not know which candidates other firms consider. The first coordination frictionaffects network formation, while the second coordination...
Persistent link: https://www.econbiz.de/10011256115
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Diffusion of Behavior in Network Games Orchestrated by Social Learning
Huang, Jia-Ping; Koster, Maurice; Lindner, Ines - Tinbergen Instituut - 2013
The novelty of our model is to combine models of collective action on networks with models of social learning. Agents are connected according to an undirected graph, the social network, and have the choice between two actions: either to adopt a new behavior or technology or stay with the default...
Persistent link: https://www.econbiz.de/10011256157
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When Clusters become Networks
Phlippen, Sandra; Knaap, Bert van der - Tinbergen Instituut - 2007
Policy makers spend large amounts of public resources on the foundation of science parks and other forms of geographically clustered business activities, in order to stimulate regional innovation. Underlying the relation between clusters and innovation is the assumption that co-located firms...
Persistent link: https://www.econbiz.de/10011256660
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The Formation of a Core Periphery Structure in Heterogeneous Financial Networks
Daan in 't Veld; Leij, Marco van der; Hommes, Cars - Tinbergen Instituut - 2014
at giving an economic explanation for the emergence of such a structure using network formation theory. Focusing on …
Persistent link: https://www.econbiz.de/10011272587
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Bank Credit During the 2008 Financial Crisis; A Cross-Country Comparison
Aisen, Ari; Franken, Michael - International Monetary Fund (IMF) - 2010
as financial depth and integration were also relevant. Finally, countercyclical monetary policy and liquidity played a …
Persistent link: https://www.econbiz.de/10008519493
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What Drives the POLONIA Spread in Poland?
Lu, Yinqiu - International Monetary Fund (IMF) - 2012
the existence of the structural liquidity in the banking system; bank’s unwillingness to lock up liquidity in the NBP … also shows the effectiveness of the NBP’s responses to the financial crisis and structural liquidity surplus. …
Persistent link: https://www.econbiz.de/10011142119
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How to Stop a Herd of Running Bears? Market Response to Policy Initiatives During the Global Financial Crisis
International Monetary Fund (IMF); International … - 2009
United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia …. Announcements of interest rate cuts, liquidity support, liability guarantees, and recapitalization were associated with a reduction …
Persistent link: https://www.econbiz.de/10008559268