31 research outputs found
Financial intermediary development and growth volatility: Do intermediaries dampen or magnify shocks?.
Get PDFWhither Capitalism? Financial externalities and crisis
Get PDFAs with global warming, so with financial crises â externalities have a lot to answer for. We
look at three of them. First the financial accelerator due to âfire salesâ of collateral assets -- a
form of pecuniary externality that leads to liquidity being undervalued. Second the ârisk-
shiftingâ behaviour of highly-levered financial institutions who keep the upside of risky
investment while passing the downside to others thanks to limited liability. Finally, the
network externality where the structure of the financial industry helps propagate shocks
around the system unless this is checked by some form of circuit breaker, or âring-fenceâ.
The contrast between crisis-induced Great Recession and its aftermath of slow growth in the
West and the rapid - and (so far) sustained - growth in the East suggests that successful
economic progress may depend on how well these externalities are managed
Share prices and trading volume: indications of stock exchange efficiency
No full textConsiglio Nazionale delle Ricerche (CNR). Biblioteca Centrale / CNR - Consiglio Nazionale delle RichercheSIGLEITItal
Relazioni fra prezzi a pronti e futures sui BTP decennali: un'analisi su dati infragiornalieri
No full textConsiglio Nazionale delle Ricerche (CNR). Biblioteca Centrale / CNR - Consiglio Nazionale delle RichercheSIGLEITItal
The Centralized Ratings Based Approach (CRBA): An Alternative to the Basel Standard Approach in Developing Countries
No full textIs there a global convergence of management foci in city credit quality assessments? A computational analysis approach
No full text
Entry of Bank Foreign Capital in Developing Economies: Measuring Profit & Cost Efficiency
No full text
