Results 121 to 130 of about 1,223 (219)

Unequal and Unstable: Income Inequality and Bank Risk

Journal of Money, Credit and Banking, EarlyView.
Abstract We present a model in which income inequality interacts with banks' risk‐taking incentives, generating financial instability. Competition and deposit insurance cause some banks to lend to lower‐income borrowers at underpriced rates, creating “risky banks” that fail in downturns, while others lend to higher‐income borrowers and avoid default ...
YULIYAN MITKOV, ULRICH SCHÜWER
wiley   +1 more source

A multi-agent reinforcement learning framework for exploring dominant strategies in iterated and evolutionary games. [PDF]

Nat Commun
Su Q, Wang H, Xia Y, Wang L.
europepmc   +1 more source

Policy Biases in a Model with Labor‐Market Frictions

Journal of Money, Credit and Banking, EarlyView.
Abstract We develop a model with labor‐market matching frictions that is subject to a range of shocks, including shocks to matching efficiency and bargaining power, and use the model to examine how monetary policy should respond to such shocks. We show that optimal monetary policy responds effectively to these shocks, producing economic outcomes that ...
RICHARD DENNIS, TATIANA KIRSANOVA
wiley   +1 more source

Industry 5.0 paradigm transformation adoption in developing countries: an analytical game theoretic model. [PDF]

Sci Rep
Fazlollahtabar H.
europepmc   +1 more source

Banking with Inside Money: An Efficiency Analysis

Journal of Money, Credit and Banking, EarlyView.
Abstract We show that banks do not decentralize the first best in a nominal Diamond–Dybvig economy with inside money. Furthermore, state‐contingent deposit contracts do not expand the consumption possibility set to include the first best either. Central banks can improve welfare but only for savers and only with unconventional monetary policy. Finally,
DAVID RIVERO, HUGO RODRÍGUEZ MENDIZÁBAL   +1 more
wiley   +1 more source

An Entropy-Based Framework for Hybrid Coalitions in Game Theory-Part I: Human Arbitration. [PDF]

Entropy (Basel)
Sepúlveda-Fontaine SA, Amigó JM.
europepmc   +1 more source

EU ETS Market Expectations and Rational Bubbles

Journal of Money, Credit and Banking, EarlyView.
Abstract The European Union Emissions Trading System (EU ETS) experienced sharp allowance price increases from 2018 onward, prompting claims that rational bubbles were driving the surge. We reassess this hypothesis using expectations based on futures prices.
CHRISTOPH WEGENER, ROBINSON KRUSE‐BECHER, TONY KLEIN   +2 more
wiley   +1 more source

Steady-State and Dynamical Behavior of a PDE Model of Multilevel Selection with Pairwise Group-Level Competition. [PDF]

Bull Math Biol
Alexiou K, Cooney DB.
europepmc   +1 more source

Games with Discontinuous Payoffs.

The author proves an equilibrium existence result for a class of games with an infinite number of strategies. The author's theorem generalizes an earlier result by P. Dasgupta and E. Maskin. The article also identifies conditions under which the limit of
Simon, Leo K
core  

Twin Defaults and Bank Capital Requirements

The Journal of Finance, EarlyView.
ABSTRACT We examine optimal capital requirements in a quantitative general equilibrium model with banks exposed to nondiversifiable borrower default risk. Contrary to standard models of bank default risk, our framework captures the limited upside, but significant downside risk of loan portfolio returns.
CATERINA MENDICINO, KALIN NIKOLOV, JUAN RUBIO‐RAMIREZ, JAVIER SUAREZ, DOMINIK SUPERA   +4 more
wiley   +1 more source