Showing 1 - 10 of 18
Persistent link: https://www.econbiz.de/10001395321
Persistent link: https://www.econbiz.de/10001575062
Persistent link: https://www.econbiz.de/10002190674
I consider the problem faced by an issuer holding a portfolio of securities that can be sold to raise cash. The issuer has private information that affects the value of all of the securities held, and so faces a lemons problem in the market for the securities. On the other hand, the issuer bears...
Persistent link: https://www.econbiz.de/10013126178
Persistent link: https://www.econbiz.de/10012694508
Persistent link: https://www.econbiz.de/10014233493
Persistent link: https://www.econbiz.de/10014414328
The euro crisis was fueled by the diabolic loop between sovereign risk and bank risk, coupled with cross-border flight-to-safety capital flows. European Safe Bonds (ESBies), a union-wide safe asset without joint liability, would help to resolve these problems. We make three contributions. First,...
Persistent link: https://www.econbiz.de/10013248840
The euro crisis was fueled by the diabolic loop between sovereign risk and bank risk, coupled with cross-border flight-to-safety capital flows. European Safe Bonds (ESBies), a union-wide safe asset without joint liability, would help to resolve these problems. We make three contributions. First,...
Persistent link: https://www.econbiz.de/10011540824
The euro crisis was fueled by the diabolic loop between sovereign risk and bank risk, coupled with cross-border flight-to-safety capital flows. European Safe Bonds (ESBies), a union-wide safe asset without joint liability, would help to resolve these problems. We make three contributions. First,...
Persistent link: https://www.econbiz.de/10011975194