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Price Discovery and Interventions in Frozen Markets (1)

Braz Camargo (Sao Paulo School of Economics - FGV)

19 février 2015

Bank Capital and Credit Cycles (1)

Jean-Charles Rochet (University of Zurich)

IDEI, 26 janvier 2015, 12h30–14h00, salle MS 001

This paper proposes a simple theory of credit cycles that focuses on the role of bank capital and financing frictions. We build a continuous time general equilibrium model of an economy in which banks finance their loans by deposits andequity, while facing issuance costs when they raise new equity...

Eighth bi-annual conference on The Economics of Intellectual Property, Software and the Internet (1)

Toulouse, France, 8–9 janvier 2015

Optimal monetary interventions in credit markets (1)

Luis Oliviera de Araujo (Michigan State University)

2 décembre 2014

Bailouts, bail-in, and financial stability (1)

Siège de la Banque de France, Paris, 28 novembre 2014

Private Revisions of Contracts: A Robustly Tractable Approach to Optimal Contracting (1)

John Zhu (Wharton Pennsylvania University)

TSE, 24 novembre 2014, 12h30–14h00, salle MF 323

I study optimal contracting in a general repeated moral hazard setting where the noisy signals of the agent's hidden efforts are either privately observed by the principal or observed by both agent and principal but not verifiable. In this setting, there is a subset of contract renegotiations that...

Buying high and selling low: Stock repurchases and persistent asymmetric information (1)

Philip Bond (University of Washington)

IDEI, 17 novembre 2014, 12h30–14h00, salle MF 323

We investigate the consequences of allowing for repeated capital market transactions in a model with asymmetric information between a firm and its investors. All firms in the model possess a profitable project that they need to raise cash to undertake. However, equilibria exist in which firms...

Efficient Financial Crisis (1)

Ariel Zetlin-Jones (Carnergie Mellon University)

17 novembre 2014

Who are the Value and Growth Investors? (1)

Paolo Sodini (Stockholm School of Economics)

TSE, 10 novembre 2014, 12h30–14h00, salle MF 323

This paper investigates the determinants of value and growth investing in a large administrative panel of Swedish residents over the 1999-2007 period. We document strong relationships between a household’s portfolio tilt and the household’s financial and demographic characteristics. Value investors...

Securities Trading by Banks and Credit Supply (1)

Jose Peydro (UPF)

4 novembre 2014

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