FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2102387922> ?p ?o ?g. }

• W2102387922 abstract "In the second chapter, we consider a mechanism of unstable fluctuations of aggregate investments by means of a global game approach. For this purpose, we extended a static global game to a dynamic one and paid attention to the effect of past aggregate investments on current profitability. Once this effect of aggregate investments between periods is taken into account, we can show that firms’ equilibrium strategies of investments become highly volatile over time. Moreover, long persistence of high or low economic activity can be explained by this model as well.The third chapter examines the effect of firms’ funding liquidity on macroeconomic dynamics and the role of liquidity markets. Here, we regard liquidity as firms’ accumulated net worth and introduce heterogeneity between firms with regard to their productivities and accumulation of their net worth. From our analysis, we show that under existence of externality between probabilities of liquidity shocks 1) the economy without liquidity markets is highly volatile. 2) Liquidity markets insulate the economy from liquidity shocks. 3) During an unstable economic environment, the economic activity can sharply drop in the existence of liquidity markets.The fourth chapter aims at showing risk shifting behaviour of financial intermediaries in the context of an economic growth model to analyze financial crises. In the low capitalized economy in which a rate of return on safe assets is high and households’ assets are scarce, investing in corporate sectors is more profitable than that of risky assets because the option value from investing in risky assets is low. However, as the economy grows, the rate of return on safe assets is decreasing whereas individual assets are increasing. In this situation, the option values of risky assets are increasing, which gives banks incentive to invest in risky assets leading some of the banks to be insolvent." @default.
• W2102387922 created "2016-06-24" @default.
• W2102387922 creator A5047004566 @default.
• W2102387922 date "2012-04-01" @default.
• W2102387922 modified "2023-09-27" @default.
• W2102387922 title "Essays on aggregate dynamics: externalities, liquidity and financial crises" @default.
• W2102387922 cites W135062776 @default.
• W2102387922 cites W1488449625 @default.
• W2102387922 cites W1488556245 @default.
• W2102387922 cites W1515692514 @default.
• W2102387922 cites W1516768501 @default.
• W2102387922 cites W1520513664 @default.
• W2102387922 cites W1522139711 @default.
• W2102387922 cites W1524531188 @default.
• W2102387922 cites W1527277990 @default.
• W2102387922 cites W1531646688 @default.
• W2102387922 cites W1531899946 @default.
• W2102387922 cites W1537543935 @default.
• W2102387922 cites W1538994871 @default.
• W2102387922 cites W1556267561 @default.
• W2102387922 cites W1582364883 @default.
• W2102387922 cites W1592212831 @default.
• W2102387922 cites W1592292208 @default.
• W2102387922 cites W1595572762 @default.
• W2102387922 cites W1601128533 @default.
• W2102387922 cites W1608121973 @default.
• W2102387922 cites W1608647936 @default.
• W2102387922 cites W1755645811 @default.
• W2102387922 cites W1933529014 @default.
• W2102387922 cites W2024889806 @default.
• W2102387922 cites W2038828515 @default.
• W2102387922 cites W2045082005 @default.
• W2102387922 cites W2052489773 @default.
• W2102387922 cites W2063773487 @default.
• W2102387922 cites W2064061280 @default.
• W2102387922 cites W2065273716 @default.
• W2102387922 cites W2068120155 @default.
• W2102387922 cites W2069666581 @default.
• W2102387922 cites W2078918686 @default.
• W2102387922 cites W2080471767 @default.
• W2102387922 cites W2084599485 @default.
• W2102387922 cites W2095169544 @default.
• W2102387922 cites W2098320204 @default.
• W2102387922 cites W2107031016 @default.
• W2102387922 cites W2127988127 @default.
• W2102387922 cites W2135633464 @default.
• W2102387922 cites W2135779203 @default.
• W2102387922 cites W2140825224 @default.
• W2102387922 cites W2143515573 @default.
• W2102387922 cites W2145229627 @default.
• W2102387922 cites W2146207816 @default.
• W2102387922 cites W2156625082 @default.
• W2102387922 cites W2157509893 @default.
• W2102387922 cites W2162144097 @default.
• W2102387922 cites W2170428507 @default.
• W2102387922 cites W2323266160 @default.
• W2102387922 cites W2741346749 @default.
• W2102387922 cites W2752617332 @default.
• W2102387922 cites W2796635882 @default.
• W2102387922 cites W2891187382 @default.
• W2102387922 cites W3023168641 @default.
• W2102387922 cites W3121131820 @default.
• W2102387922 cites W3121592550 @default.
• W2102387922 cites W3121630491 @default.
• W2102387922 cites W3122576247 @default.
• W2102387922 cites W3122591404 @default.
• W2102387922 cites W3122620800 @default.
• W2102387922 cites W3122880226 @default.
• W2102387922 cites W3123112126 @default.
• W2102387922 cites W3123703631 @default.
• W2102387922 cites W3123740414 @default.
• W2102387922 cites W3124157465 @default.
• W2102387922 cites W3124578327 @default.
• W2102387922 cites W3125000257 @default.
• W2102387922 cites W3125636817 @default.
• W2102387922 cites W3125760982 @default.
• W2102387922 cites W3148372233 @default.
• W2102387922 cites W3172883420 @default.
• W2102387922 cites W651240020 @default.
• W2102387922 cites W3148602744 @default.
• W2102387922 hasPublicationYear "2012" @default.
• W2102387922 type Work @default.
• W2102387922 sameAs 2102387922 @default.
• W2102387922 citedByCount "0" @default.
• W2102387922 crossrefType "dissertation" @default.
• W2102387922 hasAuthorship W2102387922A5047004566 @default.
• W2102387922 hasConcept C10138342 @default.
• W2102387922 hasConcept C129361004 @default.
• W2102387922 hasConcept C16118543 @default.
• W2102387922 hasConcept C162324750 @default.
• W2102387922 hasConcept C175444787 @default.
• W2102387922 hasConcept C176923680 @default.
• W2102387922 hasConcept C183582576 @default.
• W2102387922 hasConcept C189259953 @default.
• W2102387922 hasConcept C204468989 @default.
• W2102387922 hasConcept C556758197 @default.
• W2102387922 hasConcept C8573378 @default.
• W2102387922 hasConceptScore W2102387922C10138342 @default.
• W2102387922 hasConceptScore W2102387922C129361004 @default.
• W2102387922 hasConceptScore W2102387922C16118543 @default.

• next