Similar Search Results

Market failures in market-based finance

Di Iasio, Giovanni; Kryczka, Dominika - 2021

to (i) the liquidity regulation of AMs and (ii) the solvency regulation of IIs can improve upon the competitive …

Persistent link: https://www.econbiz.de/10012511085

A theory of liquidity and regulation of financial intermediation

Farhi, Emmanuel; Golosov, Michail Ju.; Tsyvinski, Aleh - 2007

Persistent link: https://www.econbiz.de/10003442491

Arbitrage crashes, financial accelerator, and sudden market freezes

Zhang, Ally Quan - 2017 - Last update: November 18, 2017, preliminary draft

We investigate the channel through which fluctuations in the market liquidity of real-sector repo collateral cause arbitrage crashes and failure of systemically important intermediaries during the global financial crisis. Intermediaries pledge productive capital as repo collateral to fund the...

Persistent link: https://www.econbiz.de/10011875637

The prudential toolkit with shadow banking

Hachem, Kinda; Kunci, Martin - 2025 - Revised March 2025

-contingent and state-contingent regulation; banks may use shadow technologies to circumvent regulation; parameters of the shadow … these ingredients and demonstrate that the threat of shadow activities constrains statecontingent regulation more than … noncontingent regulation, especially when imperfect information and limited commitment coexist. The planner triggers shadow …

Persistent link: https://www.econbiz.de/10015329942

What happened on Blackstone Avenue? : recovering the origins of the coase theorem

Medema, Steven G. - 2023

This paper revisits the path by which Coase developed the result now known as the Coase theorem, including the famous meeting at the home of Aaron Director during which Coase ‘converted’ a group of Chicago economists to his way of thinking. Drawing on published and archival sources, we...

Persistent link: https://www.econbiz.de/10014313950

What happened on Blackstone Avenue? : transaction costs, scholarly midwives, and the birth of the Coase theorem

Medema, Steven G. - 2024

The Coase theorem has been shrouded in ambiguity and confusion throughout its life, this despite the prominent role that it plays in economic and legal analysis. As this paper demonstrates, this is no less true of the path by which Coase came to the result that bears his name. Drawing on...

Persistent link: https://www.econbiz.de/10014631110

An overall perspective on banking regulation

Freixas, Xavier; Santomero, Anthony M. - 2002

Persistent link: https://www.econbiz.de/10001650514

An overall perspective on banking regulation

Freixas, Xavier (contributor); … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002055066

Financial system : shock absorber or amplifier?

Allen, Franklin; Carletti, Elena - 2008

This paper identifies two types of market failures. The first concerns a coordination problem associated with panics. The problem in analysing this type of market failure from a policy perspective is that there is no widely accepted method for selecting equilibria. The second market failure...

Persistent link: https://www.econbiz.de/10003750988

Der Finanzsektor als wettbewerblicher Ausnahmebereich?

Müller, Ralf - 1996

Persistent link: https://www.econbiz.de/10013420776