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Funding Externalities, Asset Prices and Investors' Search for Yield

Gai, Prasanna; Trivedi, Kamakshya - 2009

This note presents a simple model that nests the excess liquidity and savings glut hypotheses of the debate on the …

Persistent link: https://www.econbiz.de/10014211408

Neighborhood Effects of Concentrated Mortgage Foreclosures

Schuetz, Jenny; Been, Vicki; Ellen, Ingrid Gould - 2009

As the national mortgage crisis has worsened, an increasing number of communities are facing declining housing prices and high rates of foreclosure. Central to the call for government intervention in this crisis is the claim that foreclosures not only hurt those who are losing their homes to...

Persistent link: https://www.econbiz.de/10014214553

Excess Liquidity and Inflation Dynamics in China : 1997-2007

Zhang, Chengsi; Pang, Hong - 2008

The surge in international capital inflows and the remarkable excess liquidity in China between 1997 and 2007 are … huge foreign capital inflows, has effectively induced excess liquidity in China. More importantly, by developing an … econometric model for inflation and excess liquidity, the present study demonstrates that excess liquidity has imposed significant …

Persistent link: https://www.econbiz.de/10014216135

Volume Discovery : Leveraging Liquidity in the Depth of an Order Driven Market

Gomber, Peter; Budimir, Miroslav; Schweickert, Uwe - 2008

search order book depth for matching quantity. For large orders, volume discovery leverages already existent liquidity to … promotes the integration of OTC markets and order book trading in order to improve liquidity while protecting price …

Persistent link: https://www.econbiz.de/10014217550

Time Variation of Liquidity in the Private Real Estate Market : An Empirical Investigation

Clayton, Jim; MacKinnon, Greg H.; Peng, Liang - 2008

market liquidity. In the first, sellers base their estimates of value on observations of signals from the market. The second … sentiment and we link market-wide liquidity to investor sentiment. In this model, measures of aggregate liquidity act as an …

Persistent link: https://www.econbiz.de/10014220795

Exit, Sunk Costs and the Selection of Firms

Garella, Paolo G.; Richelle, Yves - 2000

This paper aims to identify the cost characteristics of exiting firms whenever firms are playing an infinite horizon supergame with time-invariant cost and demand functions. With more than two firms, the problem of which firms exit is quite similar to a coalition formation one. Solving this...

Persistent link: https://www.econbiz.de/10014194821

Innovation Spillovers and the 'Dirt Road' Fallacy : The Intellectual Bankruptcy of Banning Optional Transactions for Enhanced Delivery Over the Internet

Sidak, J. Gregory; Teece, David J. - 2013

In October 2009, the Federal Communications Commission proposed “net neutrality” regulations, including a new rule that would have the effect of banning optional business-to-business transactions between broadband Internet service providers (ISPs) and content providers for enhanced delivery...

Persistent link: https://www.econbiz.de/10014195910

Equilibrium, Order and Monetary Profits : Business Failure as a Vital Macroeconomic Need

Messori, Marcello; Zazzaro, Alberto - 2009

One of the oldest and most awkward conundrums of monetary theory concerns the realization and accumulation of profit in money terms for the aggregate of firms. This paper aims to show that an analysis based on a weak concept of equilibrium as ‘order’, capable of accounting for business...

Persistent link: https://www.econbiz.de/10014199710

Ethics, Bankruptcy and Greed : The Unintended Consequences for Landlords of the 2005 Bankruptcy Amendments

Platt, Harlan D.; Mirick, Christopher R.; Platt, Marjorie - 2012

This article is about ethics, or more correctly questionable ethics. It is also about greed. When a commercial party’s consideration for its stakeholders is distorted by an opportunity for short-term gain, it creates a self-centric view of the world. This myopia creates a blurred vision of...

Persistent link: https://www.econbiz.de/10014200085

Procyclicality of Capital Requirements in a General Equilibrium Model of Liquidity Dependence

Covas, Francisco; Fujita, Shigeru - 2019

the interaction between entrepreneurs' moral hazard and liquidity provision by banks as analyzed by Holmstrom and Tirole …

Persistent link: https://www.econbiz.de/10014203106