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Liquidity requirements, free-riding, and the implications for financial stability evidence from the early 1900s

Carlson, Mark; Jaremski, Matthew - In: Journal of money, credit and banking : JMCB 55 (2023) 1, pp. 323-341

Persistent link: https://www.econbiz.de/10014305970

A model of QE, reserve demand, and the money multiplier

Ryan, Ellen; Whelan, Karl - In: Journal of money, credit and banking : JMCB 55 (2023) 2/3, pp. 407-439

Persistent link: https://www.econbiz.de/10014305977

On Contractual Defaults and Experimental Law and Economics

Tor, Avishalom - 2009

Sloof et al.'s [2006] elegant study of default breach remedies illustrates both the potential and limitations of experimental law and economics (ELE). Potentially, the rigorous methodology of experimental economics can provide fully controlled tests of relationships among legally significant...

Persistent link: https://www.econbiz.de/10014053730

The Impact of International Listings on Liquidity : Evidence from the Indian Stock Market

Kumar, Manoj - 2006

assesses the impact of listing of ADRs/GDRs on the liquidity of the firm's underlying domestic shares by using a sample of 30 … cases reduce the liquidity of the domestic underlying shares, GDR listings in most cases increase the liquidity of the …

Persistent link: https://www.econbiz.de/10014053889

Mcpherson's Law of Company Liquidation

Gronow, Michael - 2007

This text is a treatment of the Australian law of company liquidation, pursuant to the provisions of the Corporations Act 2001, but also dealing with Anglo-Australian caselaw on the subject from the 19th to the 21st centuries. It deals with the different modes of winding up, including...

Persistent link: https://www.econbiz.de/10014054396

Insolvency Set-Off : Must Argentine Law Learn from English Law?

Chaher, Santiago J. - 2006

The aim of this dissertation is to give contour to insolvency set-off, which is said to be one of the foundation stones of modern insolvency law, and to comprehend its characteristics and performance under English law to compare it to the Argentine rules on the subject. In this way, this work...

Persistent link: https://www.econbiz.de/10014054431

Contractarianism, Contractualism, and the Law of Corporate Insolvency

Mokal, Riz - 2008

A version of this paper appears in [2007] Singapore Journal of Legal Studies (July). What is the appropriate way of theorising about corporate bankruptcy law? That lies, argues this paper, in rejecting Pareto and Kaldor-Hicks efficiency in favour of a particular conception of transaction cost...

Persistent link: https://www.econbiz.de/10014054443

Proportional Rule for Multi-Issue Bankruptcy Problems

Moreno-Ternero, Juan D. - 2011

We investigate how to extend bankruptcy rules to the general setting in which agents' claims may refer to different issues. We show that the proportional rule is the only one whose extensions according to two natural procedures yield the same outcomes

Persistent link: https://www.econbiz.de/10014054572

The Elastic Provision of Liquidity by Private Agents

Saunders, Drew - 2009

an aggregate liquidity shock. A firm that is susceptible to the shock will mitigate its exposure by purchasing claims … issued by a firm that is not. Liabilities of an unaffected firm may earn a liquidity premium due to their fungibility; and … aggregate liquidity shock has different consequences across sectors of the economy …

Persistent link: https://www.econbiz.de/10014055838

Counterparty Risk and Contingent CDS Valuation Under Correlation Between Interest-Rates and Default

Brigo, Damiano; Pallavicini, Andrea - 2008

We consider counterparty risk for interest rate payoffs in presence of correlation between the default event and interest rates. The previous analysis of Brigo and Masetti (2006), assuming independence, is further extended to interest rate payoffs different from simple swap portfolios. A...

Persistent link: https://www.econbiz.de/10014056259