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Understanding and managing zoonotic risk in the new livestock industries

Liverani, Marco; Waage, Jeff; Barnett, Tony; Pfeiffer, … - London School of Economics (LSE) - 2013

Background: In many parts of the world, livestock production is undergoing a process of rapid intensification. The health implications of this development are uncertain. Intensification creates cheaper products, allowing more people to access animal-based foods. However, some practices...

Persistent link: https://www.econbiz.de/10011126682

The value of insolvency safe harbours

Paech, Philipp - London School of Economics (LSE) - 2015

‘Safe harbour’ is shorthand for a bundle of privileges in insolvency which are typically afforded to financial institutions. They are remotely comparable to security interests as they provide a financial institution with a considerably better position as compared to other creditors should...

Persistent link: https://www.econbiz.de/10011264787

Home bias, transactions costs, and prospects for the Euro: a more detailed analysis

Mann, Catherine L.; Meade, Ellen E. - London School of Economics (LSE) - 2002

This paper brings together the literature on determination of home bias in equity holdings and the portfolio balance model of exchange rates to consider whether the dollar might be affected by a change in transactions costs that alters international portfolio allocations. Our empirical findings...

Persistent link: https://www.econbiz.de/10010745774

The internal consistency of the standard gamble: tests after adjusting for prospect theory

Oliver, Adam - London School of Economics (LSE) - 2003

incorporating loss weighting and probability transformation parameters in the standard gamble valuation procedure. Five alternatives … prospect theory framework, (2) loss weighting and full probability transformation, (3) no loss weighting and full probability … transformation, (4) loss weighting and no probability transformation, and (5) loss weighting and partial probability transformation …

Persistent link: https://www.econbiz.de/10010928594

Currency Portfolios and Nominal Exchange Rates in a Dual Currency Search Economy.

Craig, B.; Waller, C.J. - London School of Economics (LSE) - 1999

We analyze a dual currency search model in which agents are allowed to hold multiple units of both currencies. Hence, agents hold portfolios of currency. We study equilibria in which the two currencies are identical and equilibria in which the two currencies differ according to the magnitude of...

Persistent link: https://www.econbiz.de/10005776281

Reserve accumulation, growth and financial crises

Benigno, Gianluca; Fornaro, Luca - London School of Economics (LSE) - 2012

We present a model that reproduces two salient facts characterizing the international monetary system: i) Faster growing countries are associated with lower net capital inflows and ii) Countries that grow faster accumulate more international reserves and receive more net private inflows. We...

Persistent link: https://www.econbiz.de/10010744942

New evidence on the effects of US monetary policy on exchange rates

Kalyvitis, Sarantis; Michaelides, Alexander - London School of Economics (LSE) - 2001

We examine the impact of US monetary policy shocks on exchange rates using the monetary policy indicator proposed by Bernanke and Mihov [Quarterly Journal of Economics, 113 (1998) 869–902]. We find evidence for instantaneous, rather than delayed, US dollar overshooting after a monetary shock...

Persistent link: https://www.econbiz.de/10010745023

Consumption and real exchange rates with incomplete markets and non-traded goods

Benigno, Gianluca; Theonissen, Christoph - London School of Economics (LSE) - 2006

This paper addresses the consumption-real exchange rate anomaly. International real business cycle models based on complete financial markets predict a unitary correlation between the real exchange rate and the ratio of home to foreign consumption when subjected to supply side shocks. In the...

Persistent link: https://www.econbiz.de/10010928603

Financial globalization and exchange rates

Lane, Philip R.; Milesi-Ferretti, Gian Maria - London School of Economics (LSE) - 2004

The founders of the Bretton Woods System sixty years ago were primarily concerned with orderly exchange rate adjustment in a world economy that was characterized by widespread restrictions on international capital mobility. In contrast, the rapid pace of financial globalization during recent...

Persistent link: https://www.econbiz.de/10010745076

Does one Soros make a difference?: a theory of currency crises with large and small traders

Corsetti, Giancarlo; Dasgupta, Amil; Morris, Stephen; … - London School of Economics (LSE) - 2001

Do large investors increase the vulnerability of a country to speculative attacks in the foreign exchange markets? To address this issue, we build a model of currency crises where a single large investor and a continuum of small investors independently decide whether to attack a currency based...

Persistent link: https://www.econbiz.de/10010745083

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