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Towards an enhanced lender of last resort and market maker of last resort
Buiter, Willem H. - 2023
Persistent link: https://www.econbiz.de/10013530900
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Can central banks go broke?
Buiter, Willem H. - 2008
Persistent link: https://www.econbiz.de/10003717363
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Can Central Banks Go Broke?
Buiter, Willem H. - 2014
The paper answers three questions.(1) Does it matter if a central bank suffers a large capital loss? (2) Can the central bank become insolvent? (3) When, how and by whom should the central bank be recapitalised?
Persistent link: https://www.econbiz.de/10013048185
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Efficient "myopic" asset pricing in general equilibrium : a potential pitfall in excess volatility tests
Buiter, Willem H. - In: Economics letters 2 (1987), pp. 143-148
Persistent link: https://www.econbiz.de/10001037781
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Efficient "myopic" asset pricing in general equilibrium : a potential pitfall in excess volatility tests
Buiter, Willem H. - 1987
Persistent link: https://www.econbiz.de/10009572007
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Efficient "Myopic" Asset Pricing in General Equilibrium : A Potential Pitfall in Excess Volatility Tests
Buiter, Willem H. - 1987
Excess volatility tests for financial market efficiency maintain the hypothesis of risk-neutrality. This permits the … from the risk-neutrality assumption in a stripped-down version of Lucas's general equilibrium asset pricing model, I show … variance bounds established under the assumption of risk neutrality. This can occur even without the problems of non …
Persistent link: https://www.econbiz.de/10012476817
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Efficient "Myopic" Asset Pricing in General Equilibrium : a Potential Pitfall in Excess Volatility Tests
Buiter, Willem H. - 2010
Excess volatility tests for financial market efficiency maintain the hypothesis of risk-neutrality. This permits the … from the risk-neutrality assumption in a stripped-down version of Lucas's general equilibrium asset pricing model, I show … variance bounds established under the assumption of risk neutrality. This can occur even without the problems of non …
Persistent link: https://www.econbiz.de/10012762911
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The Role of Central Banks in Financial Stability: How Has It Changed?
Buiter, Willem H. - In: The Role of Central Banks in Financial Stability:How …
AbstractThe following sections are included:The Rediscovery of Financial Stability by the Central Banking Community of the Advanced EconomiesFinancial Stability: What is It?PreventionRegulate Risky Behavior, Not InstitutionsRegulation and Resolution Need to be Global in ScopeMacroprudential...
Persistent link: https://www.econbiz.de/10011206661
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Lessons from the 2007 Financial Crisis
Buiter, Willem H. - C.E.P.R. Discussion Papers - 2007
global liquidity creation by key central banks and, second, an ex-ante global saving glut, brought about by the entry of a … England’s liquidity management, regulatory failure of the FSA, an inadequate deposit insurance arrangement and deficient …
Persistent link: https://www.econbiz.de/10005791213