Showing 1 - 10 of 12
Persistent link: https://www.econbiz.de/10003873403
We use a game theoretical framework to analyze the intraday behavior of banks with respect to settlement of interbank claims in a real time gross settlement setting. We find that the game played by banks depends upon the intraday credit policy of the central bank and that it encompasses two...
Persistent link: https://www.econbiz.de/10001685108
Persistent link: https://www.econbiz.de/10001765776
Persistent link: https://www.econbiz.de/10001489446
Persistent link: https://www.econbiz.de/10001197280
Persistent link: https://www.econbiz.de/10001231583
Persistent link: https://www.econbiz.de/10014583277
Truthful reporting about the realization of a publicly observed event cannot be guaranteed by a consensus process. This fact, which we establish theoretically and verify empirically, holds true even if some individuals are compelled to tell the truth, regardless of economic incentives. We...
Persistent link: https://www.econbiz.de/10014532468
Truthful reporting about the realization of a publicly observed event cannot be guaranteed by a consensus process. This fact, which we establish theoretically and verify empirically, holds true even if some individuals are compelled to tell the truth, regardless of economic incentives. We...
Persistent link: https://www.econbiz.de/10014531272
Persistent link: https://www.econbiz.de/10002441591