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Giammarioli, Nicola - 2003

This paper investigates a dynamic general equilibrium model with search. In particular, search externalities are reßected by an increasing returns to scale matching function, which may imply an indeterminate equilibrium. Hence, the model is capable to generate business ßuctuations, driven by...

Persistent link: https://www.econbiz.de/10009635902

Risk sharing through financial markets with endogenous enforcement of trades

Köppl, Thorsten V. - 2004

When people share risk in financial markets, intermediaries provide costly enforcement for most trades and, hence, are … an integral part of financial marketsu0092 organization. We assess the degree of risk sharing that can be achieved … allow for optimal risk sharing as long as markets are complete, default is prevented in equilibrium and intermediaries …

Persistent link: https://www.econbiz.de/10009636542

ESMA report on trends, risks and vulnerabilities : No. 1, 2014

European Securities and Markets Authority - 2014

Persistent link: https://www.econbiz.de/10010335233

Technical discussion paper : risk, performance scenarios and cost disclosures in key information documents for Packaged Retail and Insurance-based Investment Products (PRIIPs)

European Banking Authority; European Securities and …; … - 2015

Persistent link: https://www.econbiz.de/10011287842

Joint consultation paper : the risk factors guidelines

European Banking Authority; European Securities and …; … - 2015

Persistent link: https://www.econbiz.de/10011412740

Joint consultation paper : the risk-based supervision guidelines

European Banking Authority; European Securities and …; … - 2015

Persistent link: https://www.econbiz.de/10011412741

Joint consultation paper : PRIIPs Key Information Documents

European Banking Authority; European Securities and …; … - 2015

Persistent link: https://www.econbiz.de/10011412744

Indeterminacy of rational expectations equilibria in sequential financial markets

Donati, Paola - 2003

We provide a general characterization of the structure of rational expectations equilibria of any degree of revelation for pure exchange, sequential economies, with deffinitely many states of private information, an incomplete financial market and nominal assets. We estimate the dimension of the...

Persistent link: https://www.econbiz.de/10009635915

International equity flows and returns

Albuquerque, Rui; Bauer, Gregory H.; Schneider, Martin - 2004

This paper considers the role of foreign investors in developed-country equity markets. It presents a quantitative model of trading that is built around two new assumptions: (i) both the foreign and domestic investor populations contain investors of different sophistication, and (ii) investor...

Persistent link: https://www.econbiz.de/10009636533

Optimal dynamic risk sharing when enforcement is a decision variable

Koeppl, Thorsten V. - 2003

decision problem of using self-governance for risk sharing or governance through enforcement provided by these institutions … prevent ﬁrst-best risk sharing, but never optimal to provide incentives exclusively via this technology. Commitment problems …

Persistent link: https://www.econbiz.de/10009635888