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Commercial real estate accounts for roughly 20% of the U.S. fixed asset stock, and commercial land use is highly regulated. However, little is known about the quantitative impact of these regulations on economic activity or consumer welfare. This paper develops a spatial general equilibrium...
Persistent link: https://www.econbiz.de/10014437026
limited by regulation largely to retail deposits and mortgages. Graphic television news pictures showed very long queues …
Persistent link: https://www.econbiz.de/10011689937
limited by regulation largely to retail deposits and mortgages. Graphic television news pictures showed very long queues …
Persistent link: https://www.econbiz.de/10011705347
limited by regulation largely to retail deposits and mortgages. Graphic television news pictures showed very long queues … of regulation and supervision and in particular on the role of the central bank. He sets the context by explaining that …, at the time reforms were made in the United Kingdom to the institutional structure of financial regulation and …
Persistent link: https://www.econbiz.de/10004982519
This paper provides an overview of the evolution of macroeconomic thought from 1936, the year John Maynard Keynes published his general theory of employment, interest and money to the year 2010. It explores the reasons for the extension of the business cycle during the postwar period. The paper...
Persistent link: https://www.econbiz.de/10009293018
This paper analyzes the causes and implications of recent financial crises. Financial crises in general lead to changes in both theory and practice of economics. The paper takes an historical overview. The global consensus of economic theory during the 20th century is discussed. The paper...
Persistent link: https://www.econbiz.de/10009145755
This paper discusses the design and analyzes the potential benefits and costs of executive pay package policy within the US 2009 Emergency Economic Stabilization Act (EESA), commonly known "Bailout". It shows that the ultimate effect of the EESA on executive compensation is generally difficult...
Persistent link: https://www.econbiz.de/10013134122
This article compares the direct regulation of hedge funds in the U.S. prior to the Dodd-Frank Act with the direct … regulatory measures to address potential systemic risks of hedge funds ensued in its aftermaths. The direct regulation involves … regulatory measures focusing immediately on the regulation of the target industry. In contrast, the imperatives or commands of …
Persistent link: https://www.econbiz.de/10013054911
We model the asset-opacity choice of an intermediary subject to rollover risk in wholesale funding markets. Greater opacity means investors form more dispersed beliefs about an intermediary’s profitability. The endogenous benefit of opacity is lower fragility when profitability is expected to...
Persistent link: https://www.econbiz.de/10011451106
; Securities Regulation ; Trust …
Persistent link: https://www.econbiz.de/10008809093