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AGENT–BASED KEYNESIAN MACROECONOMICS - An Evolutionary Model Embedded in an Agent–Based Computer Simulation
Oeffner, Marc - 2008
Computersimulation, welche im Gebiet der Geldtheorie anzusiedeln ist. Agentenbasierte Computersimulationen sind innovative Werkzeuge, die … Transmissionsmechanismus knüpft an die Arbeiten Knut Wicksells im Bereich der Geldtheorie an. Darüber hinaus beinhaltet das Modell viele … und Variablen umfasst. Da es bis heute keine vergleichbare Arbeit auf dem Gebiet der Geldtheorie gibt, musste sich das …
Persistent link: https://www.econbiz.de/10009433699
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Three Essays in International Macroeconomics and Macroeconomics.
Lee, Hangyu - 2008
via animplicit labor contract and shows that the model can replicatemany of the dynamics of labor share, including the …
Persistent link: https://www.econbiz.de/10009477105
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CONSUMPTION INSURANCE AND VULNERABILITY TO POVERTY: A SYNTHESIS OF THE EVIDENCE FROM BANGLADESH, ETHIOPIA, MALI, MEXICO, AND RUSSIA
Skoufias, Emmanuel; Quisumbing, Agnes R. - 2003
This paper synthesizes the results of five studies using household panel data from Bangladesh, Ethiopia, Mali, Mexico and Russia, which examine the extent to which households are able through formal and/or informal arrangements to insure their consumption from specific economic shocks and...
Persistent link: https://www.econbiz.de/10009446776
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International financial flows, real exchange rates and cross-border insurance
Viani, Francesca - 2010
La pregunta de si la integración internacional de los mercados financieros ha aumentado la cobertura del riesgo a nivel global o no, sigue siendo un tema controvertido en la literatura. Si fuera así, ¿qué deberíamos observar en los datos? La literatura enfatiza que una diversificación...
Persistent link: https://www.econbiz.de/10012530323
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Stabilisation properties of a sure-like European unemployment insurance
Alonso, Daniel
Para moderar las caídas en la producción y en los ingresos que afectan a determinados Estados o regiones, los países y las uniones monetarias disponen de mecanismos de reparto de riesgos. Estos mecanismos funcionan estabilizando las rentas de los hogares de forma que las fluctuaciones de la...
Persistent link: https://www.econbiz.de/10014573633
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The workout of banking crises. A macroeconomic perspective
Gersbach, Hans; Wenzelburger, Jan - 2002
This paper provides a macroeconomic perspective for government interventions in banking crises. We illustrate how vulnerabilities of the banking sector may build up over time and thus destabilize a banking system. A crisis occurs when a large number of banks fail to meet capital requirements or...
Persistent link: https://www.econbiz.de/10009452576
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Deposit insurance, market discipline and off-balance sheet banking risk of large U.S. commercial banks
Hassan, M. Kabir; Karels, Gordon B.; Peterson, Manferd O. - 1991
The "market discipline" of off-balance sheet banking activities (OBSA) has been reexamined by employing contingent claims valuation techniques to derive implied asset variances from bank equity and deposit insurance, and from risk-premia for bank subordinated debt. Specifically implied asset...
Persistent link: https://www.econbiz.de/10009468594
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Three Essays in Empirical Asset Pricing
Jacobs, Thomas A. - 2010
The financial crisis of 2007-2008 led to extraordinary government intervention in firms and markets. The scope and depth of government action rivaled that of the Great Depression. Many traded markets experienced dramatic declines in liquidity leading to the existence of conditions normally...
Persistent link: https://www.econbiz.de/10009477864
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Deposit insurance, market discipline and off-balance sheet banking risk of large U.S. commercial banks
Hassan, M. Kabir; Karels, Gordon V.; Peterson, Manferd O. - 1991
The "market discipline" of off-balance sheet banking activities (OBSA) has been reexamined by employing contingent claims valuation techniques to derive implied asset variances from bank equity and deposit insurance, and from risk-premia for bank subordinated debt. Specifically implied asset...
Persistent link: https://www.econbiz.de/10009451088
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Reinsurance Contracting with Adverse Selection and Moral Hazard: Theory and Evidence
Yan, Zhiqiang - 2009
This dissertation includes two essays on adverse selection and moral hazard problems in reinsurance markets. The first essay builds a competitive principal-agent model that considers adverse selection and moral hazard jointly, and characterizes graphically various forms of separating Nash...
Persistent link: https://www.econbiz.de/10009463429