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Market Based, Segregated Exchanges with Default Risk

Kilenthong, Weerachart; Townsend, Robert - Volkswirtschaftliche Fakultät, … - 2007

trade in ex ante asset backed securities) creates externalities, as spot prices (or security prices) and the bindingness of …

Persistent link: https://www.econbiz.de/10008552792

The Optimal Liquidity Principle with Restricted Borrowing

Mierzejewski, Fernando - 2009

A model is presented to characterise the (optimal) demand for cash balances in deregulated markets. After the model of James Tobin, 1958, net balances are determined in order to maximise the expected return of a certain portfolio combining risk and capital. Unlike the model of Tobin, the prices...

Persistent link: https://www.econbiz.de/10013159438

The world's dream: economic growth : the balance sheet approach

De Koning, Kees - Volkswirtschaftliche Fakultät, … - 2012

Economists may need to change their tools of analysis from analysing income and expenditure contributors (GDP) to asset value contributors -the net worth levels of individual households-. Assessment of the latter requires a balance sheet analysis. Why; because the level of individual...

Persistent link: https://www.econbiz.de/10011257702

A game theory model for currency markets stabilization

Musolino, Francesco; Carfì, David - Volkswirtschaftliche Fakultät, … - 2012

The aim of this paper is to propose a methodology to stabilize the currency markets by adopting Game Theory. Our idea …

Persistent link: https://www.econbiz.de/10011258452

Juridical and financial considerations on the public re capitalisation and rescue of financial institutions during periods of financial crises (Part I)

Ojo, Marianne; Rodríguez-Miguez, Jose - Volkswirtschaftliche Fakultät, … - 2010

As well as a consideration of why the lender of last resort facility should be used for emergency situations and systemically relevant institutions in particular, an interesting point which will be considered in this paper is the comparison between the European Central Bank (ECB) Recommendation...

Persistent link: https://www.econbiz.de/10008490084

Food and Global Crises impacts on Middle East and North African Region: What lesson can we learn for the future?

Drine, Imed - Volkswirtschaftliche Fakultät, … - 2010

The recent crises concerning food and finances highlight the extreme fragility of the MENA countries and question the sustainability of the development processes. The economic and social impacts of these crises on the economies of the MENA region signal the magnitude of the challenges facing the...

Persistent link: https://www.econbiz.de/10008536055

Managing Markets for Toxic Assets

House, Christopher; Masatlioglu, Yusufcan - Volkswirtschaftliche Fakultät, … - 2010

liquidity and investment. Investment is inefficiently low because banks must sell high-quality assets below their "fair" value … the interbank market. If equity is directed to firms with the greatest liquidity needs, the contamination effect causes … investment to fall. Asset purchase programs often improve liquidity, investment and welfare. …

Persistent link: https://www.econbiz.de/10008615054

A Theory of Bank Illiquidity and Default with Hidden Trades

Panetti, Ettore - Volkswirtschaftliche Fakultät, … - 2011

I develop a theory of financial intermediation to explore how the availability of trading opportunities affects the … link between the liquidity of financial institutions and their default decisions. In it, banks hedge against liquidity … countercyclical liquidity requirements. …

Persistent link: https://www.econbiz.de/10011112128

What broke the bubble?

Barnett, William A. - Volkswirtschaftliche Fakultät, … - 2008

This paper is the basis for the Guest Columnist article in the Tuesday, November 11, 2008 issue of the Kansas City Star newspaper's Business Weekly. Because of space limitations, the published newspaper column had to be shortened from the original and unfortunately did not include either of the...

Persistent link: https://www.econbiz.de/10005622040

All Things Considered: The Interaction of the Reasons for the Financial Crisis

Rioja, Abdala; E, Yamile - Volkswirtschaftliche Fakultät, … - 2011

cause’s major implications and deterrents. Ultimately, this analysis reveals through graph theory the interconnections among …

Persistent link: https://www.econbiz.de/10009294924