WitrynaThe dissertation analyses general equilibrium models with imperfect financial markets. The main objective is to investigate the optimality and determinacy of the set of equilibrium allocations when households face restrictions on financial markets. Witryna30 gru 2016 · This paper studies the effect of inflation on the operation of financial markets, and shows how the ability of financial intermediaries to distinguish among …
Three essays on general equilibrium models with imperfect financial markets
Witryna14 kwi 2024 · Feature papers represent the most advanced research with significant potential for high impact in the field. A Feature Paper should be a substantial original Article that involves several techniques or approaches, provides an outlook for future research directions and describes possible research applications. Witryna1 lut 2016 · This paper introduces financial market imperfections as in Holmström and Tirole (1997) into the Diamond (1989) model to examine the effect of financial development on reputation acquisition. Managers avoid excessive risk-taking to build reputation in underdeveloped financial markets. include is not a valid attribute for a play
Exchange Rate Dynamics and Monetary Spillovers with Imperfect Financial ...
WitrynaThis paper examines how wage payments and fixed asset investments are determined, and their interrelationship, under China’s imperfect financial and labor markets. We collect aggregate data on wages, the financial market, and fixed asset investments from several statistical yearbooks. WitrynaOn the basis of these imperfections, strong financial returns earned by financial institutions in the run-up to 2008 were, in fact, illusory. Executive Compensation in Imperfect Financial Markets explores the relationship between bank lending, real estate markets and stock market prices. Witryna1 maj 2011 · Honing the art of decision making with imperfect data. Finance professional with 10 years experience in FP&A and Management Consulting. Within FP&A, worked on both revenue and cost optimization... ind application example pdf