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Generalisation of Samet's (2010) agreement theorem
Tarbush, Bassel - Volkswirtschaftliche Fakultät, … - 2011
We develop a framework that allows us to reproduce the generalised agreement theorem of Samet (2010), and extend it to models with a non-partitional information structure, while highlighting the features that distinguish the result from the classic theorems found in the literature. Furthermore,...
Persistent link: https://www.econbiz.de/10008855551
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Agreeing to disagree with generalised decision functions
Tarbush, Bassel - Volkswirtschaftliche Fakultät, … - 2011
We develop a framework that allows us to emulate standard results from the “agreeing to disagree" literature with generalised decision functions (e.g. Bacharach (1985)) in a manner the avoids known incoherences pointed out by Moses and Nachum (1990). We analyse the implications of the...
Persistent link: https://www.econbiz.de/10008855561
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The Pros and Cons of Higher Transparency: The Case of Speculative Attacks
Allegret, Jean-Pierre; Cornand, Camille - Groupe d'Analyse et de Théorie Économique Lyon … - 2005
The aim of this paper is to evaluate to what extent more transparency can reduce the occurrence of speculative attacks …. It proposes a survey of the literature about the pros and cons of transparency on the exchange rate market, which is one … of the main pillars of the new international financial architecture. The effects of transparency are shown to be …
Persistent link: https://www.econbiz.de/10005029825
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Communication and Monetary Policy
Amado, Jeffrey D.; Morris, Stephen; Shin, Hyun Song - Cowles Foundation for Research in Economics, Yale University - 2003
One role of monetary policy is to coordinate expectations in the economy and greater transparency of monetary policy …
Persistent link: https://www.econbiz.de/10005464053
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The Pros and Cons of Higher Transparency: The Case of Speculative Attacks
Allegret, Jean-Pierre; Cornand, Camille - HAL - 2005
The aim of this paper is to evaluate to what extent more transparency can reduce the occurrence of speculative attacks …. It proposes a survey of the literature about the pros and cons of transparency on the exchange rate market, which is one … of the main pillars of the new international financial architecture. The effects of transparency are shown to be …
Persistent link: https://www.econbiz.de/10008790685
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The Pros and Cons of Higher Transparency: The Case of Speculative Attacks
Allegret, Jean-Pierre; Cornand, Camille - HAL - 2006
The aim of this paper is to evaluate to what extent more transparency can reduce the occurrence of speculative attacks …. It proposes a survey of the literature about the pros and cons of transparency on the exchange rate market, which is one … of the main pillars of the new international financial architecture. The effects of transparency are shown to be …
Persistent link: https://www.econbiz.de/10008792045
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Lifting the banking veil : credit standards' harmonization through lending transparency
Kang, Jung Koo; Loumioti, Maria; Moerman, Regina Wittenberg - 2020
We explore whether the transparency in banks' lending activities enhances the harmonization of credit terms that a bank … information on loan characteristics and performance. We find that loans originated under the transparency regime share more … convergence in their credit terms, suggesting that transparency facilitates learning across a bank's different geographic regions …
Persistent link: https://www.econbiz.de/10012154163
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Communication, credible improvements and the core of an economy with asymmetric information
Volij, Oscar - 1997
We analyze an economy with asymmetric information and endogenize the possibilities for information transmission between members of a coalition. We then define a concept of the Core that takes into account these communication possibilities. The internal consistency of the improvements is...
Persistent link: https://www.econbiz.de/10011504624
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Private and public information in self-fulfilling currency crises
Bannier, Christina E. - 2000
This paper analyzes the implications of currency crises in a model with unique equilibrium. Starting from a typical multiple equilibria model with self-fulfilling expectations we introduce noisy information, following Morris/Shin (1999). Under certain conditions for the noise parameter, all...
Persistent link: https://www.econbiz.de/10010504306
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Asymmetric information and rationalizability
Desgranges, Gabriel; Gauthier, Stéphane - In: Economic theory : official journal of the Society for … 54 (2013) 3, pp. 789-804
Persistent link: https://www.econbiz.de/10010221737