منابع مشابه
The Supply and Demand for Safe Assets
There is a demand for safe assets, either government bonds or private substitutes, for use as collateral. Government bonds are safe assets, given the government’s power to tax, but their supply is driven by fiscal considerations, and does not necessarily meet the private demand for safe assets. Unlike the government, the private sector cannot produce riskless collateral. When the private sector...
متن کاملSafe Assets, Collateralized Lending and Monetary Policy∗
I study how quantities of safe bonds affect asset prices and lending volumes in financial markets. In a quantitative model, heterogeneous agents trade securities of different maturity and risk exposure. Risk-tolerant investors issue collateralized bonds to obtain leverage and to insure the risk-averse. Despite the presence of higher return assets, the most risk-tolerant hold long-maturity safe ...
متن کاملLiquidity Deflation and Safe Assets Shortage
The current debate about slow recovery from the Great Deflation, accompanied by persistent threat of price deflation, has highlighted the relevance of liquidity as a necessary factor to ensure stability and growth. An important branch of the literature focuses on the Safe Assets (i.e., liquid assets which market values are highly resilient in terms of goods and services), and pays special atten...
متن کاملDigital Assets on Public Blockchains
Digital asset management is one of promising applications of blockchain technology. Blockchains could provide principal disintermediation between digital asset issuers, application developers and consumers and decouple tasks related to asset management, such as issuance, transaction processing, securing users’ funds and establishing users’ identities. This paper outlines basic components of blo...
متن کاملDetermination of safe load.
The biomechanical criteria adopted by the National Institute for Occupational Safety and Health are shown to be based on considerations that are not consistent with current experimental data and theoretical principles. It is therefore suggested that these standards ought to be replaced, and a rationale for doing so is proposed.
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ژورنال
عنوان ژورنال: Global Economic Review
سال: 2020
ISSN: 1226-508X,1744-3873
DOI: 10.1080/1226508x.2020.1748083