Limited liability and asymmetric information between an investment bank and its lenders provide an incentive for a bank … competition is likely to suffer from the same type of information asymmetry which induced the private market failure and which …

According to search-matching theory, the Beveridge curve slopes downward because vacancies are filled more quickly when …

portfolios to investors. We extend the signaling model for single sales of risky assets to portfolio sales. We identify … conditions under which signaling at the portfolio level dominates signaling at the single asset level. In particular, when banks … have better information about loan types on their books, and some commitment power to sales, can profit by pooling assets …

This paper demonstrates the way in which stock-flow matching with endogenous seller entry generates hot and cold spells …

private sector, impairing the stabilizing effects of the policy. Using a theoretical model, we show that these signaling … identify fiscal news with different degrees of signaling effects and find that such effects weaken or, in extreme cases, even …