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Gu, Chao (contributor) - 2007

It is known that sunspots can trigger panic-based bank runs and that the optimal banking contract can tolerate panic …. Depositors observe different, but correlated, signals on the stability of the bank. I find that if the signals that depositors …, either a full bank run, or a partial bank run, or non bank run occurs depending on the realization of the signals. Computed …

Persistent link: https://www.econbiz.de/10003728242

The forward-looking disclosures of corporate managers : theory and evidence

Gropp, Reint; Karapandža, Raša; Opferkuch, Julian - 2016

We consider an infinitely repeated game in which a privately informed, long-lived manager raises funds from short-lived investors in order to finance a project. The manager can signal project quality to investors by making a (possibly costly) forward-looking disclosure about her project's...

Persistent link: https://www.econbiz.de/10011504350

The forward-looking disclosures of corporate managers : theory and evidence

Gropp, Reint; Karapandža, Raša; Opferkuch, Julian - 2016

Persistent link: https://www.econbiz.de/10011506852

Price-setting power versus private information

Sloof, Randolph - 2003

seller has private information about his alternative trading opportunities. Theory predicts that, compared with a situation …

Persistent link: https://www.econbiz.de/10011334336

Advice is cheap : information is not!

Häfner, Samuel; Taylor, Curtis R. - 2017

An entrepreneur contracts with a consultant, who is protected by limited liability, to supply information about the state of a project prior to investing in it. For a given level of investment, a good project succeeds with higher probability than a bad one. The entrepreneur makes an upfront...

Persistent link: https://www.econbiz.de/10012117630

Advice Is Cheap : Information Is Not!

Häfner, Samuel - 2018

Persistent link: https://www.econbiz.de/10012932515

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

IMF's assistance : devil's kiss or guardian angel?

Brandes, Julia (contributor); Schüle, Tobias (contributor) - 2007

This paper contributes to the debate on the efficacy of IMF's catalytic finance in preventing financial crises. Extending Morris and Shin (2006), we consider that the IMF's intervention policy usually exerts a signaling effect on private creditors and that several interventions in sequence may...

Persistent link: https://www.econbiz.de/10003636488

Information Revelation and Strategic Use of Capital Structure in Duopoly with Asymmetric Information

Siyahhan, Baran - 2015

This paper studies strategic behavior in product markets with asymmetric information. A real options model is developed to investigate information revelation and signaling role capital structure. Information revelation is ensured through a learning mechanism that stems from the real options...

Persistent link: https://www.econbiz.de/10013039278

How Do Different Models of Foreign Exchange Settlement Influence the Risks and Benefits of Global Liquidity Management

Schanz, Jochen F. - 2009

Large, international banking groups have sought to centralise their cross-currency liquidity management: liquidity shortages in one currency are financed using liquidity surpluses in another currency. The nature of risks to financial stability emerging from global liquidity management depends on...

Persistent link: https://www.econbiz.de/10013156815