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governments will not be able to benefit from fiscal insurance. This relates to the endogenous.

In this way,. uncertainty aversion generates endogenous contagion and becomes a source of systemic risk. ... 2.2 Endogenous Beliefs. An important implication of uncertainty aversion is that the investors’belief on the parameter θ.

Title and Abstract Provided at Application. Title: Endogenous Financial Networks: Efficient Modularity and Why Shareholders Prevent It (joint with.

2. Endogenous Financial Networks: Efficient Modularity and Why Shareholders Prevent It (joint with Co-Pierre Georg, Bundesbank and Jonathon Hazell, MIT). ... workshop in Paris last week. Endogenous Financial Networks: Efficient Modularity and Why

based on a noisy rational expectations equilibrium framework with endogenous ad-. ... endogenous lemons problem resulting from varying degrees of informed trading activ-.

To allow for random and possibly endogenous trading times, we generalize the results in Vogt (2012) towards sampling times described by point processes.

We then develop a general equilibrium model of firm dynamics (endogenous entry, exit and growth) to understand how dispersion in financing costs affects aggregate outcomes such as investment, productivity and misallocation.

Neuhann, of endogenous information acquisition by syndicates of lenders with heterogeneous bank scope.

Finally, we propose a robust identification to the endogenous relationship between director network connections and firm value.

Finally, we propose a robust identification to the endogenous relationship between director network connections and firm value.