Add to ORKGThe paper reviews the sources of market failure in financial institutions and markets and what can be done to alleviate them. It examines game-theoretic explanations for financial instability, in particular the role of asymmetric information in generating destabilizing behavior. In the area of remedies, the paper analyses the potential contribution of official safety nets and what can be done to minimize the associated moral hazard. It discusses the role of public policy in this context
Currently, many monetary and fiscal policy measures are aimed at preventing the financial market mel...
My academic work focuses on banking and financial fragility. A common theme of my research agenda is...
Thesis: Ph. D., Massachusetts Institute of Technology, Department of Electrical Engineering and Comp...
The paper reviews the sources of market failure in financial institutions and markets and what can b...
The paper reviews the sources of market failure in financial institutions and markets and what can b...
The paper reviews the sources of market failure in financial institutions and markets and what can b...
This paper surveys the causes and macroeconomic consequences of financial instability. It emphasizes...
Monetary and financial stability are of central importance to the effective functioning of a market ...
The paper takes the stand that the central banks as financial regulators have their own interest in ...
Modern banking theories provide a host of explanations for the existence of intermediaries, highligh...
This paper reviews the roles and limits of finance in modern economies. Finance improves the effici...
The paper presents a stylised framework to analyse conditions under which monetary policy contribute...
Introduction: The purpose of the paper is to examine what is financial stability in the financial ma...
This paper articulates a logical foundation-drawn from disparate literatures-for understanding why s...
This paper contains a general equilibrium model of an economy with incomplete markets (GEI) with mon...
Currently, many monetary and fiscal policy measures are aimed at preventing the financial market mel...
My academic work focuses on banking and financial fragility. A common theme of my research agenda is...
Thesis: Ph. D., Massachusetts Institute of Technology, Department of Electrical Engineering and Comp...
The paper reviews the sources of market failure in financial institutions and markets and what can b...
The paper reviews the sources of market failure in financial institutions and markets and what can b...
The paper reviews the sources of market failure in financial institutions and markets and what can b...
This paper surveys the causes and macroeconomic consequences of financial instability. It emphasizes...
Monetary and financial stability are of central importance to the effective functioning of a market ...
The paper takes the stand that the central banks as financial regulators have their own interest in ...
Modern banking theories provide a host of explanations for the existence of intermediaries, highligh...
This paper reviews the roles and limits of finance in modern economies. Finance improves the effici...
The paper presents a stylised framework to analyse conditions under which monetary policy contribute...
Introduction: The purpose of the paper is to examine what is financial stability in the financial ma...
This paper articulates a logical foundation-drawn from disparate literatures-for understanding why s...
This paper contains a general equilibrium model of an economy with incomplete markets (GEI) with mon...
Currently, many monetary and fiscal policy measures are aimed at preventing the financial market mel...
My academic work focuses on banking and financial fragility. A common theme of my research agenda is...
Thesis: Ph. D., Massachusetts Institute of Technology, Department of Electrical Engineering and Comp...