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The goal of this paper is to provide a framework to analyze the effectiveness of bank coalition formation in response … the kind of insurance mechanism provided by a specific type of bank coalition allows society to completely prevent any … shock that is not too big. If the shock is relatively large, then a private bank coalition will be unable to completely …
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Henrik Enderlein, Hertie School of Governance, Berlin, befürchtet, dass die Erwartungen, die mit der Wahl Barack Obamas zum neuen US-Präsidenten verknüpft sind, zu hoch seien. Obama erbe mit seinem Amtsantritt eine kaum zu bewältigende ökonomische Herausforderung, so dass die...
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world. Unstable cross-market linkages during a crisis are referred to as financial contagion. We simulate crisis … to destabilise cross-market linkages. In the real world, such information would be extremely valuable in developing …
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