Similar Search Results

Risk and Wealth in a Model of Self-Fulfilling Currency Attacks

Guimarães, Bernardo; Morris, Stephen - London School of Economics and Political Science - 2006

Market participants' risk attitudes, wealth and portfolio composition influence their positions in apegged foreign currency and, therefore, may have important effects on the sustainability of currencypegs. We analyze such effects in a global game model of currency crises with continuous...

Persistent link: https://www.econbiz.de/10008911497

Unique equilibrium in a dynamic model of crises with frictions

Guimarães, Bernardo - London School of Economics and Political Science - 2005

This paper studies a dynamic model of crises with timing frictions that combines the mainaspects of Morris and Shin (1998) and Frankel and Pauzner (2000). The usual arguments forexistence and uniqueness of equilibrium cannot be applied. It is shown that the model has aunique equilibrium within...

Persistent link: https://www.econbiz.de/10008911498

Vulnerability of currency pegs: evidence from Brazil

Guimarães, Bernardo - London School of Economics and Political Science - 2008

This paper analyses predictions of a simple model of currency crises in which the peg will beabandoned when the currency overvaluation hits a certain threshold, unknown to the agents. Due tolearning about the threshold, some features usually observed in the data and identified with modelswith...

Persistent link: https://www.econbiz.de/10008911504

Housing Finance Aspects of the Green Paper

Marsh, Alex; Hills, John - London School of Economics and Political Science - 2000

This report contains key points from presentations and discussions at a round table meetingheld at the London School of Economics on Monday 24th July 2000. This meeting wasorganized by CASE and the University of Bristol to give an opportunity for housing financeacademics to discuss with...

Persistent link: https://www.econbiz.de/10008845697

Reforming Public Service Delivery

Besley, Timothy; Ghatak, Maitreesh - London School of Economics and Political Science

This paper reviews some issues relevant to the delivery of public services. Itreviews some of the debates and flags some issues that are significantworldwide, especially in Africa. It emphasises how the debate has movedalong in terms of defining the relative responsibilities of the public...

Persistent link: https://www.econbiz.de/10008860722

GOVERNMENT VERSUS PRIVATE OWNERSHIP OF PUBLIC GOODS

Besley, Timothy; Ghatak, Maitreesh - London School of Economics and Political Science - 2001

There has been a dramatic change in the division of responsibility betweenthe state and the private sector for the delivery of public goods and services inrecent years with an increasing trend toward contracting out to the private sectorand “public-private partnerships.” This paper analyzes...

Persistent link: https://www.econbiz.de/10008911478

Banks’ Payments-Driven Revenues

Radecki, Lawrence J. - Federal Reserve Bank <New York, NY>; London School of … - 1999

bankingindustry. This goal is served by taking a broad view of thepayments business and analyzing information provided bylarge bank …

Persistent link: https://www.econbiz.de/10005870063

Supervisory Information and the Frequency of Bank Examinations

Hirtle, Beverly J.; López, José A. - Federal Reserve Bank <New York, NY>; London School of … - 1999

length of time between bank examinations affects thequality of information available to supervisors. For thesepurposes, we … condition of a bank. Our analysisassumes that examination information incorporates twotypes of data: information available from … information that can be obtained onlythrough on-site examinations, such as confidential informationabout a bank’s troubled assets …

Persistent link: https://www.econbiz.de/10005870064

Macro Markets and Financial Security

Athanasoulis, Stefano; Shiller, Robert J.; Van Wincoop, Eric - Yale University <New Haven, Conn.> / Department of Economics; … - 1999

[...]We address several questions in this paper. First,how could macro markets be useful to the average person?Second, how large are the potential benefits from diversificationif these markets were to be introduced andused optimally? Third, can existing financial marketsachieve a similar degree...

Persistent link: https://www.econbiz.de/10005870065

The Impact of Capital Requirements on U.K. Bank Behaviour

Ediz, Tolga; Michael, Ian; Perraudin, William - Bank of England <London>; London School of Economics … - 1998

[...]The most obvious possible, and undesirable,impact on bank behaviour of risk-weighted capital requirementsis that …

Persistent link: https://www.econbiz.de/10005870067