straightforward evaluation of the posterior distribution. The methods are used to analyze the effects of monetary policy in Sweden. …

decision problem of using self-governance for risk sharing or governance through enforcement provided by these institutions … prevent first-best risk sharing, but never optimal to provide incentives exclusively via this technology. Commitment problems …

international equity transactions that accentuate the role of international risk sharing as a factor for the macroeconomic response … shock affecting only one country. Efficient global risk-sharing imply that expected productivity gains in one country will … for the productivity gains can further increase the risk exposure of foreign shareholders. The model is calibrated to show …

When people share risk in financial markets, intermediaries provide costly enforcement for most trades and, hence, are … an integral part of financial marketsu0092 organization. We assess the degree of risk sharing that can be achieved … allow for optimal risk sharing as long as markets are complete, default is prevented in equilibrium and intermediaries …

in liquidity risk and expected liquidity needs for each bank and for the banking system. Large mergers tend to increase …We model the impact of bank mergers on loan competition, banks' reserve holdings and aggregate liquidity. Banks compete … expected aggregate liquidity needs, and thus the liquidity provision by the central bank. Comparative statics suggest that a …

This report represents Sweden’s national contribution to the 2017 EMN focussed study “National Approaches to …. In addition, the study examines Sweden’s framework for unaccompanied minors who disappear. …