Zobrazeno 1 - 10
of 26
pro vyhledávání: '"David Perez-Reyna"'
Publikováno v:
Economic Theory. 71:1649-1687
We analyze the optimal capital requirement in a model of banks with heterogeneous investment risks and asymmetric information. Asymmetric information prevents depositors from charging an actuarially fair interest rate and leads to cross-subsidization
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::a361de0f2a2c2f53a6a7c265a4c1b66c
https://doi.org/10.1007/s00199-020-01310-z
https://doi.org/10.1007/s00199-020-01310-z
Publikováno v:
Journal of International Money and Finance. 96:228-245
In this paper we analyze the effects of financial constraints on the exchange rate through the portfolio balance channel. We use a sharp policy discontinuity within the Colombian financial system to empirically test for the portfolio balance channel,
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::9978f5b5bdde9251bc013607e29d7afe
https://doi.org/10.1016/j.jimonfin.2019.05.008
https://doi.org/10.1016/j.jimonfin.2019.05.008
Publikováno v:
Journal of Economic Theory. 183:183-212
We study a dynamic model of collateralized credit markets with asymmetric information, which allows for a rich set of signaling strategies based on the path of debt and repayment. Whether credit history reveals private information about credit qualit
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::597a3e1878b297a74b785331664c9a87
https://doi.org/10.1016/j.jet.2019.06.001
https://doi.org/10.1016/j.jet.2019.06.001
Autor:
David Perez-Reyna, Xavier Freixas
We provide a microfounded framework for the welfare analysis of macroprudential policy within a model of rational bubbles. For this, we posit an overlapping generation model where productivity and credit supply are subject to random shocks. We find t
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::506ec7f380eae7840745524fd727608a
http://hdl.handle.net/10230/47090
http://hdl.handle.net/10230/47090
Autor:
Alberto Martin, Alejandro Werner, Andrew Powell, Arturo José Galindo, Carlos Esquivel, Carlos Fernández Valdovinos, Carlos Gustavo Machicado Salas, Carlos Javier Charotti, Carlos Végh, César Martinelli, Daniel Osorio, David Perez-Reyna, Diego Restuccia, Diego Saravia, Eduardo Fernández Arias, Fabrizio Perri, Felipe González Soley, Felipe Meza, Fernando Alvarez, Francisco J. Buera, Gabriel Oddone, Guillermo Calvo, Joaquín Marandino, José A. Scheinkman, José Peres Cajías, Julián P. Díaz, Lars Peter Hansen, Luigi Bocola, Manuel Amador, Marco Vega, Mark Aguiar, Pablo Andrés Neumeyer, Roberto Chang, Rodrigo Caputo, Saki Bigio, Sebastian Edwards, Simón Cueva, Teresa Ter-Minassian, Thomas Sargent
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::9e3b643048b2da50cf17d413198649c4
https://doi.org/10.5749/9781452966120
https://doi.org/10.5749/9781452966120
Autor:
Enoch Hill, David Perez-Reyna
Publikováno v:
Journal of Macroeconomics. 54:393-409
In this paper we incorporate occupational choice in the style of Lucas (1978) with an additional dimension of heterogeneity in wealth into a model of banking. We use this model to better understand how development of the financial sector affects misa
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::6f1d1ed628690886a92acbded9834088
https://doi.org/10.1016/j.jmacro.2017.05.009
https://doi.org/10.1016/j.jmacro.2017.05.009
Publikováno v:
Journal of Economic Surveys. 31:343-365
In this paper, we survey prominent theories that have shaped the literature on sterilized foreign exchange interventions. We identify three main strands of literature: (1) that which deems interventions futile; (2) that which requires some market fri
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::17545e75ead65b3fa177e9ab84c1881a
https://doi.org/10.1111/joes.12136
https://doi.org/10.1111/joes.12136
Publikováno v:
SSRN Electronic Journal.
In this paper we analyze the optimal capital requirement in a model of banks with heterogeneous investment risks and asymmetric information. Asymmetric information prevents depositors from charging an actuarially-fair interest rate based on banking r
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::98043037dbe9a5f137cbf4388cec155e
https://doi.org/10.2139/ssrn.3219304
https://doi.org/10.2139/ssrn.3219304
Publikováno v:
SSRN Electronic Journal.
We construct a framework of firm dynamics to evaluate the impact of the enforcement of contracts between final goods producers and their intermediate goods suppliers on firm life-cycle growth, technology accumulation and aggre-gate productivity. We b
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::ad3baecdc0df50812122dd627c6bbd46
https://doi.org/10.2139/ssrn.3265349
https://doi.org/10.2139/ssrn.3265349