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This is code accompanying the article "Hidden Debt" Code for conference paper published in AEA Papers and Proceedings.
2022 | Dataset | Reproducibility Package - Ensemble de données pour la reproductibilité des résultats de recherche |
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We study price posting with undirected search in a search-theoretic monetary model with divisible money and divisible goods. Ex ante homogeneous buyers experience match s[...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
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Recent studies on counterfeiting in a monetary search framework show that counterfeiting does not occur in a monetary equilibrium. These findings are inconsistent with th[...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
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Recent studies in monetary theory show that if buyers can use lotteries to signal the quality of bank notes, counterfeiting does not occur in a pooling equilibrium. In th[...]
2013 | Text | Staff Working Paper - Document de travail du personnel |
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We survey several key mechanisms that explain the composition of international capital flows: foreign direct investment, foreign portfolio investment and debt flows (bank[...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
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This paper studies the interaction between adverse selection, liquidity risk and beliefs about systemic risk in determining market liquidity, asset prices and welfare. Ev[...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
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This paper presents a dynamic general equilibrium model where asymmetric information about asset quality leads to asset illiquidity. Banking arises endogenously in this e[...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
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This paper illustrates that dealers in foreign exchange markets not only provide intraday liquidity, they are key participants in the provision of overnight liquidity. De[...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
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The authors develop a search model of venture capital in which the number of successful matches of entrepreneurs and venture capitalists (VCs) at any moment in time is a [...]
2005 | Text | Staff Working Paper - Document de travail du personnel |
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The author describes a model with a corrupt banking system, in which bankers knowingly lend at market interest rates to back projects riskier than the market rate indicat[...]
2005 | Text | Staff Working Paper - Document de travail du personnel |
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