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

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

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

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

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

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 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...

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