We study a financial market adverse selection model where all agents are endowed with initial wealth and choose to invest as entrepreneurs or financiers, or not to invest. We show that often a lack of outside finance leads to the emergence of financial markets where availability of outside ...
Financial Markets & Goods Markets from Chapter 15 / Lesson 2 36K The two most common types of market in the economy are financial markets and goods markets. Learn about the most common types of financial markets and the different types of goods in the goods market. Related to this Questio...
Equilibrium analysis in financial markets with countably many securities - Aliprantis, Florenzano, et al. () Citation Context ...e free prices The ... C Aliprantis,M Florenzano,VF Martins-Da-Rocha,... - Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) 被引量: 0发表:...
Our analysis provides insights into possible sources of allocative inefficiency in financial markets. While the importance of financially constrained arbitrage had been emphasized before Shleifer and Vishny, 1997, it was put into particularly sharp focus during the 1998 financial crisis. Prior to that ...
What is an economic model as used in the macroeconomics theory? Explain macroeconomic equilibrium with an example. How can you tell if the economy is in equilibrium? How do economists define equilibrium in financial markets? Describe how adjustment to equilibrium occurs in the Keynesian model. ...
a“Because financial markets do not tend towards equilibrium they cannot be left to their own devices. Periodic crises bring forth regulatory reforms. That is how central banking and the regulation of financial markets have evolved.” “由于金融市场不趋向往平衡他们不可能留下给他们自己的设备。 周期...
Financial Encyclopedia e·qui·lib·ri·um (ē′kwə-lĭb′rē-əm, ĕk′wə-) n.pl.e·qui·lib·ri·umsore·qui·lib·ri·a(-rē-ə) 1.A condition in which all acting influences are canceled by others, resulting in a stable, balanced, or unchanging system. ...
Equilibrium in collateralized asset markets: Credit contractions and negative equity loans 来自 dx.doi.org 喜欢 0 阅读量: 37 作者:MA Iraola,JP Torres-Martínez 摘要: We address a general equilibrium model with collateralized debt, credit contractions, and financial market segmentation. Restrictions on...
This chapter introduces the setup for the equilibrium models that extends, among others, the works of Kyle and Back. It also contains some key results that will be relevant for the characterisation of the equilibrium. Finally the equilibrium will be derived and discussed in Chaps. 7 and 8....