Using a finite-horizon general equilibrium model with uncertainty and money, we characterize situations where tax...

We discuss to what extent existing approaches to the construction of aggregate Z-score measures capture...

We specialize the established justification for using Z-scores as a risk measure reflecting a bank's...

Using a stylized real options model, we show that discretion over the timing of charging...

We demonstrate that a popular approach to constructing (weighted) mean-based aggregate bank insolvency risk measures...

We examine whether core ASEAN+3 countries might be interested in joining a financial "crisis union,"...

We examine the real option implicit in countries' decisions on whether to join a monetary...

Using a finite-horizon general equilibrium model with uncertainty and money, we characterize situations where tax...

The real option implicit in a country's decision of whether to leave an existing monetary...

We use a two-country model where policymakers minimize Barro–Gordon-type loss functions over inflation, and inflation...

Using a simple model where singles try to maximize their "pizazz", we examine the value...

Using a finite-horizon general equilibrium model with uncertainty and money, we characterize situations where tax...

Using a two-country model of monetary union where policymakers minimize the continuous-time equivalent of a...

The regulatory framework in Europe does not prevent banks from taking large or controlling equity...

We re-examine the probabilistic foundation of the link between Z-score measures and banks' probability of...

We examine when it might be optimal for borrowers to switch providers of debt products...