Results 111 to 120 of about 364 (182)

Monetary and Macroprudential Policies under Dollar‐Denominated Foreign Debt

open access: yesJournal of Money, Credit and Banking, EarlyView.
Abstract This paper studies monetary and macroprudential policies in a small open economy that borrows from abroad in foreign currency. The model features a novel mechanism in which exchange rate depreciation triggered by a borrowing constraint is amplified through balance of payments adjustments, increasing the real burden of foreign debt and causing ...
HIDEHIKO MATSUMOTO
wiley   +1 more source

Application of Noise2Inverse and adaptation (Noise2Phase) to single‐mask x‐ray phase contrast micro‐computed tomography

open access: yesJournal of Microscopy, EarlyView.
Abstract X‐ray phase contrast imaging (XPCI), when implemented in micro‐computed tomography (micro‐CT) mode, offers high‐contrast 3D imaging of weakly‐attenuating material samples. In the so‐called single‐mask edge illumination approach, a mask with periodically spaced transmitting apertures is used to split the x‐ray beam into narrow beamlets; when ...
Khushal Shah   +8 more
wiley   +1 more source

Consumption in Asset Returns

open access: yesThe Journal of Finance, EarlyView.
ABSTRACT Using information in returns, we identify the stochastic process of consumption. We find that aggregate consumption reacts over multiple quarters to innovations spanned by financial markets. This persistent component accounts for over a quarter of consumption variation. These shocks command a large and significant risk premium, driving a large
SVETLANA BRYZGALOVA   +2 more
wiley   +1 more source

Detecting Informed Trading Risk from Undercutting Activity

open access: yesThe Journal of Finance, EarlyView.
ABSTRACT We introduce a simple measure of informed trading risk, QIDres$QID^{res}$, the residual to liquidity quote‐improvement‐to‐deterioration ratio times −1$-1$. When facing with increased informed trading risk, liquidity providers compete less to provide liquidity, reducing their undercutting activity. Reductions in undercutting leave footprints in
YASHAR H. BARARDEHI   +2 more
wiley   +1 more source

Optimal Simple Ratings

open access: yesThe Journal of Industrial Economics, EarlyView.
ABSTRACT We study optimal simple rating systems that partition sellers into a finite number of tiers. We show that optimal ratings must be threshold partitions, and that for linear supply and Cournot competition with constant marginal cost, optimal thresholds solve a k‐means clustering problem requiring only the quality distribution.
Hugo Hopenhayn, Maryam Saeedi
wiley   +1 more source

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