Traditionally, transaction costs and asymmetric information have provided the foundation for understanding intermediaries. The emergence of intermediaries resulting from such imperfections in the capital market has been formalized in the contributions of Dewatripont and Tirole (1994
We study incentive provision in a model of securities issuance with an informed issuer and uninforme...
The article substantiates the fundamental impact of information asymmetry on the emergence and devel...
Using a simplified version of the model developed in his 'Financial Intermediation and Delegated Mon...
In this paper, the literature on the role of the financial intermediary within the economy is review...
The economic analysis of financial intermediaries has been a growing field. The goal of many works i...
Financial intermediaries play an important role in the pricing of financial assets. For example, in...
This paper compares depository intermediaries (commercial banks), investment intermediaries (mutual ...
At one time, perhaps before the emergence of market microstructure as a rich field for research, Fin...
We construct a dynamic model of financial intermediation in which changes in the information held by...
This diploma thesis deals with the topic of financial intermediaries. These are specialized agents t...
In this dissertation, I analyze behavior of two types of financial intermediaries that play critical...
Intermediation and markets : points to consider The economic analysis of current regulations must b...
We built an original database of the flow of funds accounts to assess the final destination of house...
Financial markets provide for trade in information because money is just a means of scorekeeping, a ...
This paper studies an environment in which the investment opportunities of agents are private inform...
We study incentive provision in a model of securities issuance with an informed issuer and uninforme...
The article substantiates the fundamental impact of information asymmetry on the emergence and devel...
Using a simplified version of the model developed in his 'Financial Intermediation and Delegated Mon...
In this paper, the literature on the role of the financial intermediary within the economy is review...
The economic analysis of financial intermediaries has been a growing field. The goal of many works i...
Financial intermediaries play an important role in the pricing of financial assets. For example, in...
This paper compares depository intermediaries (commercial banks), investment intermediaries (mutual ...
At one time, perhaps before the emergence of market microstructure as a rich field for research, Fin...
We construct a dynamic model of financial intermediation in which changes in the information held by...
This diploma thesis deals with the topic of financial intermediaries. These are specialized agents t...
In this dissertation, I analyze behavior of two types of financial intermediaries that play critical...
Intermediation and markets : points to consider The economic analysis of current regulations must b...
We built an original database of the flow of funds accounts to assess the final destination of house...
Financial markets provide for trade in information because money is just a means of scorekeeping, a ...
This paper studies an environment in which the investment opportunities of agents are private inform...
We study incentive provision in a model of securities issuance with an informed issuer and uninforme...
The article substantiates the fundamental impact of information asymmetry on the emergence and devel...
Using a simplified version of the model developed in his 'Financial Intermediation and Delegated Mon...