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Wage contracts with incomplete and costly information
Aizenman, Joshua - 1983
Persistent link: https://www.econbiz.de/10001817686
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Country Risk, Asymmetric Information and Domestic Policies
Aizenman, Joshua - 2010
This paper describes an economy where incomplete information regarding the default penalty can result in an upward-sloping supply of credit.We evaluate the role of partial information and other related factors in determining the elasticity of supply of credit and the credit ceiling facing the...
Persistent link: https://www.econbiz.de/10012762947
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Wage Contracts with Incomplete and Costly Information
Aizenman, Joshua - 2021
Optimal wage indexation, as derived by Gray, was subject to criticism due to a lack of efficient use of information; failure to clear the market which resulted in non-optimal contracts; and the lack of an explicit use of welfare criteria. The purpose of this paper is to derive a wage contract...
Persistent link: https://www.econbiz.de/10013246094
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Country Risk, Asymmetric Information and Domestic Policies
Aizenman, Joshua - 1986
This paper describes an economy where incomplete information regarding the default penalty can result in an upward-sloping supply of credit.We evaluate the role of partial information and other related factors in determining the elasticity of supply of credit and the credit ceiling facing the...
Persistent link: https://www.econbiz.de/10012477195
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Wage Contracts with Incomplete and Costly Information
Aizenman, Joshua - 1983
Optimal wage indexation, as derived by Gray, was subject to criticism due to a lack of efficient use of information; failure to clear the market which resulted in non-optimal contracts; and the lack of an explicit use of welfare criteria. The purpose of this paper is to derive a wage contract...
Persistent link: https://www.econbiz.de/10012477951
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Financial crisis and the paradox of under- and over-regulation
Aizenman, Joshua - 2009
Persistent link: https://www.econbiz.de/10003850280
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Financial crisis and the paradox of underregulation and overregulation
Aizenman, Joshua - In: Lessons from East Asia and the global financial crisis …, (pp. 213-234). 2011
Persistent link: https://www.econbiz.de/10009503459
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Financial Crisis and the Paradox of Under- and Over-Regulation
Aizenman, Joshua - 2010
This paper illustrates the paradox of prudential under-regulation in an economy that adopts financial reform, a reform … probability of the crisis is updated sequentially applying Bayesian inference. Costly regulation can mitigate the probability of … the crisis. We identify conditions where the regulation level supported by the majority is positive after the reform, but …
Persistent link: https://www.econbiz.de/10013152612
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Financial Crisis and the Paradox of Under- and Over-Regulation
Aizenman, Joshua - 2009
This paper illustrates the paradox of prudential under-regulation in an economy that adopts financial reform, a reform … probability of the crisis is updated sequentially applying Bayesian inference. Costly regulation can mitigate the probability of … the crisis. We identify conditions where the regulation level supported by the majority is positive after the reform, but …
Persistent link: https://www.econbiz.de/10012463631
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Preventing Currency Crises in Emerging Markets
Aizenman, Joshua (contributor);  … - 2009
Economists and policymakers are still trying to understand the lessons recent financial crises in Asia and other emerging market countries hold for the future of the global financial system. In this timely and important volume, distinguished academics, officials in multilateral organizations,...
Persistent link: https://www.econbiz.de/10014487958