Showing 1 - 10 of 143
Persistent link: https://www.econbiz.de/10001982872
Persistent link: https://www.econbiz.de/10002496912
A model is constructed in which consumers and banks have incentives to fake the quality of collateral. Conventional monetary easing can exacerbate these problems, in that the mispresentation of collateral becomes more profitable, thus increasing haircuts and interest rate differentials. Central...
Persistent link: https://www.econbiz.de/10010938568
Persistent link: https://www.econbiz.de/10009385675
Persistent link: https://www.econbiz.de/10009385678
The 2000s was a particularly eventful decade for both the international and Australian economies. There were: two recessions in many countries; the largest international financial crisis since the Great Depression; the ongoing rapid development of Asia; asset booms and busts; and, Australia...
Persistent link: https://www.econbiz.de/10009393020
expected inflation, which in turn, reduces the real interest rate and leads to an increase in private consumption. This paper …
Persistent link: https://www.econbiz.de/10011027321
"This paper studies strategic asset allocation and consumption choice in the presence of regime switching in asset … the longer their investment horizon, while the optimal allocation to stocks declines as a function of the investment … returns from the dividend yield give rise to a non-monotonic relationship between the investment horizon and the demand for …
Persistent link: https://www.econbiz.de/10002917579
"This paper investigates the behavior of short-term real and nominal rates of interest by combining consumption …
Persistent link: https://www.econbiz.de/10002977395
"This paper studies the relationship between civil war and private investment in a poor, resource abundant country …
Persistent link: https://www.econbiz.de/10002917581