Little is known about the factors that affect banks' relative preferences for collateralized and uncollateralized funding. We examine the determinants of the collateralized-uncollateralized funding decision using a unique dataset. We decompose the relative collateralized-uncollateralized funding...

Spanish Abstract: En este trabajo se estudia el desempeño económico de las provincias argentinas durante el período 1961-2000. El desempeño económico se define a partir de los diferentes regímenes que determinan el crecimiento y el producto per cápita anual que tuvo cada provincia durante...

Exchanges nowadays routinely operate multiple, almost identically structured limit order markets for the same security. We study the effects of such fragmentation on market performance using a dynamic model where agents trade strategically across two identically-organized limit order books. We...