Zobrazeno 1 - 10
of 25
pro vyhledávání: '"Ansgar Walther"'
Autor:
Franklin Allen, Ansgar Walther
Publikováno v:
Annual Review of Financial Economics. 13:129-151
This article studies the links between financial stability and the architecture of financial systems. We review the existing literature and provide organizing frameworks for analyzing three empirically important aspects of financial architecture: the
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::985654441eceeb1b02df989f9a03771c
https://doi.org/10.1146/annurev-financial-110217-022851
https://doi.org/10.1146/annurev-financial-110217-022851
Autor:
Eduardo Dávila, Ansgar Walther
Publikováno v:
Journal of Financial Economics. 136:1-22
We explore how large and small banks make funding decisions when system-wide bailouts are possible. We show that bank size, purely on strategic grounds, is a key determinant of banks’ leverage choices, even when bailout policies treat large and sma
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::6e60f5384424346b564740a4a2881523
https://doi.org/10.1016/j.jfineco.2019.09.005
https://doi.org/10.1016/j.jfineco.2019.09.005
Autor:
Ansgar Walther, Lucy White
Publikováno v:
The Review of Financial Studies. 33:5594-5629
Recent reforms have given regulators broad powers to “bail-in” bank creditors during financial crises. We analyze efficient bail-ins and their implementation. To preserve liquidity, regulators must avoid signaling negative private information to
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::364ca1078375b4a008341655602bf7c5
https://doi.org/10.1093/rfs/hhaa032
https://doi.org/10.1093/rfs/hhaa032
Autor:
Eduardo Davila, Ansgar Walther
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::5d0f74e70253a00e50ef50ae8191f611
https://doi.org/10.2139/ssrn.4235457
https://doi.org/10.2139/ssrn.4235457
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::45eca6e846b2881724779d5c56821793
https://doi.org/10.2139/ssrn.4301514
https://doi.org/10.2139/ssrn.4301514
Autor:
Ansgar Walther, Eduardo Dávila
This paper studies the optimal design of second-best corrective regulation, when some agents or activities cannot be perfectly regulated. We show that policy elasticities and Pigouvian wedges are sufficient statistics to characterize the marginal wel
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::3daf5bf1cdec4a3f6411de683ebbd238
https://doi.org/10.3386/w29160
https://doi.org/10.3386/w29160
Autor:
Ansgar Walther, Eduardo Dávila
This paper studies leverage regulation and monetary policy when equity investors and/or creditors have distorted beliefs relative to a planner. We characterize how the optimal leverage regulation responds to arbitrary changes in investors' and credit
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::39dc470ad8ab538055d0db7045158c27
https://doi.org/10.3386/w28879
https://doi.org/10.3386/w28879
Autor:
Alexandre N. Kohlhas, Ansgar Walther
We document that the expectations of households, firms, and professional forecasters in standard surveys simultaneously extrapolate from recent events and underreact to new information. Existing models of expectation formation, whether behavioral or
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::b4679bfe9b67450d1c03645904a935cf
http://hdl.handle.net/10044/1/89589
http://hdl.handle.net/10044/1/89589
Autor:
Eduardo Davila, Ansgar Walther
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::6238f2a9234601982d12f1a582debf92
https://doi.org/10.2139/ssrn.3986748
https://doi.org/10.2139/ssrn.3986748
Publikováno v:
Journal of Economic Behavior & Organization, 176, 63-90. Elsevier Science
We contrast the impact of traditional news media and social media coverage on stock market volatility and trading volume. We develop a theoretical model of asset pricing and information processing, which allows for both rational traders and a variety
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::57c7416bab37aed0c846b9739c65534f
https://ora.ox.ac.uk/objects/uuid:6eaf9f87-9bfc-4cab-b502-befa1bcc76e3
https://ora.ox.ac.uk/objects/uuid:6eaf9f87-9bfc-4cab-b502-befa1bcc76e3