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Dynamic Information Acquisition, Comlementarity, and Market Liquidity

Cai, Zhifeng - 2020

This paper studies dynamic information acquisition in financial markets with information asymmetry. It first shows that multiplicity can arise in the information market due to a dynamic complementarity in information acquisition. It then characterizes interactions between information...

Persistent link: https://www.econbiz.de/10012663139

Options for China in a dollar standard world: A sovereign currency approach

Wray, L. Randall; Liu, Xinhua - 2014

This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower growth, global imbalances, and a number of domestic...

Persistent link: https://www.econbiz.de/10010513080

The role of securitization in mortgage renegotiation

Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2011

We study the effects of securitization on renegotiation of distressed residential mortgages over the current financial crisis. Unlike prior studies, we employ unique data that directly observe lender renegotiation actions and cover more than 60% of the U.S. mortgage market. Exploiting...

Persistent link: https://www.econbiz.de/10010292147

Market-Based loss mitigation practices for troubled mortgages following the financial crisis

Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2010

The meltdown in residential real-estate prices that commenced in 2006 resulted in unprecedented mortgage delinquency rates. Until mid-2009, lenders and servicers pursued their own individual loss mitigation practices without being significantly influenced by government intervention. Using a...

Persistent link: https://www.econbiz.de/10010292190

Managing investment risks of institutional private equity investors: The challenge of illiquidity

Kaserer, Christoph; Wagner, Niklas; Achleitner, Ann-Kristin - 2003

Since private equity investments are not publicly traded, a key issue in measuring investment risks of institutional private equity investors arises from a careful measurement of investment returns in the first place. Prices of private equity investments are typically observed at low frequency...

Persistent link: https://www.econbiz.de/10010305809

Financing the capital development of the economy: A Keynes-Schumpeter-Minsky synthesis

Mazzucato, Mariana; Wray, Larry Randall - 2015

, and to a range of other financial derivatives. Unlike J. A. Schumpeter, Hyman Minsky did not see the banker merely as the …

Persistent link: https://www.econbiz.de/10011545297

OTC Derivatives Market in India: Recent Regulatory Initiatives and Open Issues for Market Stability and Development

Arora, Dayanand; Rathinam, Francis Xavier - 2010

development. On the issue of the much discussed competition between exchange-traded and OTC-traded derivatives, we believe that …The OTC derivatives markets all over the world have shown tremendous growth in recent years. In the wake of the present … financial crisis, which is believed to have been exacerbated by OTC derivatives, increasing attention is being paid to analysing …

Persistent link: https://www.econbiz.de/10011807654

Three futures for postcrisis banking in the Americas: The financial trilemma and the Wall Street complex

Dymski, Gary A. - 2010

This would seem an opportune moment to reshape banking systems in the Americas. But any effort to rethink and improve banking must acknowledge three major barriers. The first is a crisis of vision: there has been too little consideration of what kind of banking system would work best for...

Persistent link: https://www.econbiz.de/10010281752

Evaluation of Macroeconomic Models for Financial Stability Analysis

Bårdsen, Gunnar; Lindquist, Kjersti-Gro; Tsomocos, … - 2006

As financial stability has gained focus in economic policymaking, the demand for analyses of financial stability and the consequences of economic policy has increased. Alternative macroeconomic models are available for policy analyses, and this paper evaluates the usefulness of some models from...

Persistent link: https://www.econbiz.de/10012143653

Managing finance in emerging economies: The case of India

Sen, Sunanda - 2010

India has been experiencing rising inflows of overseas capital since the deregulation of its financial sector. Often looked upon as a success story among other emerging economies, the country has been subject to pitfalls and trilemmas that deserve attention. It has been officially recognized by...

Persistent link: https://www.econbiz.de/10010286487

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