Showing 1 - 9 of 9
. Our model is well-suited to study the contagion-like eects of liquidity shocks. …
Persistent link: https://www.econbiz.de/10010884503
Financial contagion is modeled as an equilibrium phenomenon in a dynamic setting with incomplete information and … failure of a financial institution. We show that contagion is possible in the unique equilibrium of the economy and … of contagion risk. Our results suggest that when the probability of bank failure is low, maximal levels of interbank …
Persistent link: https://www.econbiz.de/10010884582
for positive default levels in equilibrium. It also characterises contagion and financial fragility as an equilibrium …
Persistent link: https://www.econbiz.de/10010884714
proxies. The model is especially well-suited to study the contagion-like effects of liquidity shocks. …
Persistent link: https://www.econbiz.de/10011171758
What are the macroeconomic implications of changes in sovereign risk premia? In this paper, I use a novel identification strategy coupled with a new dataset for the Euro Area to answer this question. I show that exogenous innovations in sovereign risk premia were an important driver of the...
Persistent link: https://www.econbiz.de/10011126365
Despite their potentially strong impact on poverty, agricultural innovations are often adopted slowly. Using a unique household dataset on sunflower adoption in Mozambique, we analyse whether and how individual adoption decisions depend upon the choices of others in the same social networks....
Persistent link: https://www.econbiz.de/10010884493
Informal contacts are extensively used by both firms and workers to find jobs and fill vacancies. The common wisdom in the economic literature is that jobs created through this channel are of better quality and pay higher wages than jobs created through formal methods. This paper explores the...
Persistent link: https://www.econbiz.de/10010744991
Despite the tremendous amount of attention that has been paid to the internet as a tool for civic engagement, we still have little idea how “active” is the average online activist or how social networks matter in facilitating electronic protest. In this paper, we use complete records on the...
Persistent link: https://www.econbiz.de/10011126361
Whether basic entrepreneurship can be inculcated amongst the poorest in society and serve as a route out of poverty remains an open question. We provide evidence on this issue by looking at the effects of a large-scale asset transfer and training programme which is targeted at the poorest women...
Persistent link: https://www.econbiz.de/10011126678