Results 191 to 200 of about 2,954 (267)
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 +1 more
wiley +1 more source
Revisiting the Response to the 1977 Book <i>The Myth of God Incarnate</i>. [PDF]
Anglican Theol RevRevington R.
europepmc +1 more source
Central Bank Digital Currency with Collateral‐Constrained Banks
Journal of Money, Credit and Banking, EarlyView.Abstract We analyze risks to bank intermediation following the introduction of a central bank digital currency (CBDC) competing with commercial bank deposits as households' source of liquidity. We revisit the equivalence of payment systems result, introducing a collateral constraint on banks' borrowing from the central bank.
HANFENG CHEN, MARIA ELENA FILIPPIN
wiley +1 more source
Monetary policy, debt maturity structure and corporate investment efficiency: Evidence from China. [PDF]
PLoS OneZheng L, Liu G, Liang Z, Liu C.
europepmc +1 more source
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 +4 more
wiley +1 more source
Board Dynamics over the Startup Life Cycle
The Journal of Finance, EarlyView.ABSTRACT We explore the dynamics of venture capital (VC)‐backed startup boards using novel data on director entry, exit, and characteristics. At formation, a typical board is entrepreneur‐controlled. Independent directors join the median board after the second financing and hold a tie‐breaking vote.
MICHAEL EWENS, NADYA MALENKO
wiley +1 more source
Sociology Lens, EarlyView.ABSTRACT Despite their very diverse interests, the classical sociological thinkers were concerned with analyzing the dramatic social transformations in the wake of colonialism, slavery, and modern industrial capitalism as well as the multiple revolutions, particularly in relation to the new forms of social inequalities and power disparities.
Zaheer Baber
wiley +1 more source
The mechanism of mammalian peroxidase destruction of invasive microbes. [PDF]
PLoS OnePuf R, Smith ML, Laaksonen A.
europepmc +1 more source