, which enables increased leverage and investment. In the absence of frictions in the securitization process, we show that the … be constrained inefficient due to the existence of a pecuniary externality that can result in over or under-investment …. We examine policies to correct over-investment and find that a leverage ratio restriction generates a Pareto improvement …

narrow rescue investment. It concludes that the insertion of non-commercial behavior into what typically is an economic …

external financial institution can facilitate the access to credit. In particular, we focus on the European Investment Bank …

third party beneficiaries of the investment treaty/contract. It highlights the lack of expertise of arbitrators who are not …