In this paper an analytical model of the demand for overnight liquidity in the Euro area is presented. After introducing a formal model of optimal behaviour for the treasurer, a non linear demand function for liquidity is derived. Such nonlinear relation in applied in estimating the EONIA...

In this paper, a consistent picture of the multifaceted mechanism of a hostile leveraged takeover is provided. The analysis points out two basic issues. The first is the financial problem caused by the leveraged acquisition, which calls for detailed strategic planning in order to ascertain the...