Zobrazeno 1 - 10
of 12
pro vyhledávání: '"Nataliya Klimenko"'
Publikováno v:
SSRN Electronic Journal.
We build a stylized dynamic general equilibrium model with financial frictions to analyze costs and benefits of capital requirements in the short-term and long-term. We show that since increasing capital requirements limits the aggregate loan supply,
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::af7367b3cde112844da893e3c4f48cab
https://doi.org/10.2139/ssrn.3865304
https://doi.org/10.2139/ssrn.3865304
Publikováno v:
Journal of Mathematical Economics, 86, 92-102. Elsevier
We develop a simple macroeconomic model with extreme financial frictions (no credit markets) and show that poverty traps can emerge even in the absence of leverage. In our model, farmers produce fruit by renting land from landlords. Crops are exposed
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::7cafb1fb3ea0ad075d9f3763edf7e4b6
https://hdl.handle.net/1765/108188
https://hdl.handle.net/1765/108188
Publikováno v:
Journal of Economic Dynamics and Control. 65:1-29
Making use of a structural model that allows for optimal liquidity management, we study the role that repos play in a bank׳s financing structure. In our model the bank׳s assets consist of illiquid loans and liquid reserves and are financed by a com
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::0940b9d61287b9bb52932e39ef1a9f69
https://doi.org/10.1016/j.jedc.2016.01.004
https://doi.org/10.1016/j.jedc.2016.01.004
Publikováno v:
SSRN Electronic Journal.
Foreign exchange operates as a two-tiered over-the-counter (OTC) market dominated by large, strategic dealers. Using proprietary high frequency data on quotes by the largest foreign exchange dealer banks in the dealer-to-customer (D2C) market, we fin
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::ea7abf671766e79f0222526940b91520
https://doi.org/10.2139/ssrn.3234406
https://doi.org/10.2139/ssrn.3234406
Publikováno v:
The Geneva Risk and Insurance Review
The Geneva Risk and Insurance Review, 2016, 41 (1), pp.2--18
The Geneva Risk and Insurance Review, 2016, 41 (1), pp.2--18. ⟨10.1057/grir.2015.5⟩
The Geneva Risk and Insurance Review, 2016, 41 (1), pp.2--18
The Geneva Risk and Insurance Review, 2016, 41 (1), pp.2--18. ⟨10.1057/grir.2015.5⟩
ACL-2; International audience; We develop a continuous-time general-equilibrium model to rationalise the dynamics of insurance prices in a competitive insurance market with financial frictions. Insurance companies choose underwriting and financing po
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::acb668992ce8760666a6b959d3635728
https://www.zora.uzh.ch/id/eprint/130214/
https://www.zora.uzh.ch/id/eprint/130214/
Publikováno v:
SSRN Electronic Journal.
We develop a novel dynamic model of banking showing that aggregate bank capital is an important determinant of bank lending. In our model commercial banks finance their loans with deposits and equity, while facing equity issuance costs. Because of th
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::52f2f75299b5d4fd4f6c68f141ba448e
https://doi.org/10.2139/ssrn.2801995
https://doi.org/10.2139/ssrn.2801995
Publikováno v:
The Handbook of Post Crisis Financial Modeling ISBN: 9781349575787
Prior to the crisis the dominant paradigm in macroeconomic modeling was the micro-founded “New-Keynesian” DSGE model (described in many textbooks including the influential exposition of Woodford (2003)). In its most basic form this combines price
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::ec5dac6d8854a1f85ab396a6b73ccd9e
https://www.zora.uzh.ch/id/eprint/130224/
https://www.zora.uzh.ch/id/eprint/130224/
Publikováno v:
SSRN Electronic Journal.
Making use of a structural model that allows for optimal liquidity management, we study the role that repos play in a bank’s financing structure. In our model the bank’s assets consist of illiquid loans and liquid reserves and are financed by a c
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::4293a927416eab00cf7efd6172292850
https://doi.org/10.2139/ssrn.2559780
https://doi.org/10.2139/ssrn.2559780
Autor:
Nataliya Klimenko
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::2fb3e55a3fc0b085c37681053f6e2157
https://doi.org/10.2139/ssrn.2084078
https://doi.org/10.2139/ssrn.2084078
Autor:
Mohamed Belhaj, Nataliya Klimenko
This paper brings into focus a link between the investment and financing decisions of a firm which has an access to costly debt financing. Our analysis shows that lump-sum debt issuance costs play a prominent role in a determination of the optimal in
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::68d2e8b6fead81f5cf7c2557ff4e8ec4
https://shs.hal.science/halshs-00793688
https://shs.hal.science/halshs-00793688