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Are asset price guarantees useful for preventing sudden stops? [[electronic resource] ] : a quantitative investigation of the globalization hazard-moral hazard tradeoff / / Ceyhun Bora Durdu and Enrique G. Mendoza
Are asset price guarantees useful for preventing sudden stops? [[electronic resource] ] : a quantitative investigation of the globalization hazard-moral hazard tradeoff / / Ceyhun Bora Durdu and Enrique G. Mendoza
Autore Durdu Ceyhun Bora
Pubbl/distr/stampa [Washington, D.C.], : International Monetary Fund, Research Dept., c2006
Descrizione fisica 1 online resource (42 p.)
Altri autori (Persone) MendozaEnrique G. <1963->
Collana IMF working paper
Soggetto topico Economic policy
Globalization
Soggetto genere / forma Electronic books.
ISBN 1-4623-3770-8
1-4527-0878-9
1-283-51818-X
1-4519-0869-5
9786613830630
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto ""Contents""; ""I. INTRODUCTION""; ""II. A MODEL OF GLOBALIZATION HAZARD AND PRICE GUARANTEES""; ""III. CHARACTERIZING THE GLOBALIZATION HAZARD-MORAL HAZARD TRADEOFF""; ""IV. QUANTITATIVE ANALYSIS""; ""V. NORMATIVE IMPLICATIONS AND SENSITIVITY ANALYSIS""; ""VI. CONCLUSIONS""; ""REFERENCES""
Record Nr. UNINA-9910464342603321
Durdu Ceyhun Bora  
[Washington, D.C.], : International Monetary Fund, Research Dept., c2006
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Macro-prudential policy in a Fisherian model of financial innovation [[electronic resource] /] / prepared by Javier Bianchi, Emine Boz, Enrique G. Mendoza
Macro-prudential policy in a Fisherian model of financial innovation [[electronic resource] /] / prepared by Javier Bianchi, Emine Boz, Enrique G. Mendoza
Autore Bianchi Javier
Pubbl/distr/stampa Washington, DC, : International Monetary Fund, 2012
Descrizione fisica 1 online resource (55 p.)
Altri autori (Persone) BozEmine
MendozaEnrique G. <1963->
Collana IMF working paper
Soggetto topico Financial institutions - Management - Econometric models
Equilibrium (Economics) - Econometric models
Soggetto genere / forma Electronic books.
ISBN 1-4755-4251-8
1-4755-7072-4
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Cover; Contents; 1.Introduction; 2 A Fisherian Model of Financial Innovation; 2.1 Decentralized Competitive Equilibrium; 2.2 Learning Environment; 2.3 Learning, Debt and Price Dynamics after Financial Innovation; 2.4 Recursive Anticipated Utility Competitive Equilibrium; 2.5 Conditionally Efficient Planners' Problems; 2.6 Pecuniary Externality and Decentralization of Planners' Allocations; 3 Quantitative Analysis; 3.1 Baseline Calibration; Tables; Table 1: Baseline Parameter Values; 3.2 Baseline Results; 3.3 Welfare Analysis; Table 2: Welfare Gains; 3.4 Sensitivity Analysis
Table 3: Summary of Priors4 Conclusion; Appendixes; Appendix: Recursive Optimization Problems; References; References; Figures; Figure 1: Dynamics in the Baseline Calibration; Figure 2: Period 40 Bond Holdings and Asset Prices; Figure 3: Period 41 Bond Holdings and Asset Prices; Figure 4: Crisis Episode; Figure 5: Taxes on Debt and Land Dividends; Figure 6: Decomposition of Taxes on Debt; Figure 7: Priors; Figure 8: Dynamics in Gradual Optimism Calibration; Figure 9: Period 40 Bond Holdings and Prices: Gradual Optimism; Figure 10: Taxes on Debt and Land Dividends: Gradual Optimism
Figure 11: Decomposition of Taxes on Debt: Gradual OptimismFigure 12: Dynamics in Asymmetric Priors Calibration; Figure 13: Taxes on Debt: Asymmetric Priors
Record Nr. UNINA-9910462241803321
Bianchi Javier  
Washington, DC, : International Monetary Fund, 2012
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui