Stocks of Financial Institutions

Models of Rural Financial Institutions

Financial Markets, Institutions and Liquidity

One important reason for the global impact of the 2007–2009 financial crisis was massive illiquidity in combination with an extreme exposure of many financial institutions to liquidity needs and market conditions. As a consequence, many financial instruments could not be traded anymore; investors ran on a variety of financial institutions, particularly in wholesale markets; financial institutio...

Risk Measurement for Financial Institutions

Supplement to " Financial Institutions , Technology

This supplement considers the role of trade in vertically differentiated final goods in the vintage human capital model, when countries differ in their borrowing constraints. Each new technology is a differentiated good of higher quality in the sense of Lancaster (1966).

Matching in Informal Financial Institutions.

This paper analyzes an informal financial institution that brings heterogeneous agents together in groups. We analyze decentralized matching into these groups, and the equilibrium composition of participants that consequently arises. We find that participants sort remarkably well across the competing groups, and that they re-sort immediately following an unexpected exogenous regulatory change. ...