Papers in this group
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This paper presents a pair of models of the storage of maize. One is directly based on standard financial models of portfolio choice. Rather than optimally balancing a financial portfolio by choosing from a variety of financial instruments, our…
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This paper studies the effects of a fiscal transfer program on the sustainability of an economy. We use a simple overlapping generations model with aggregate uncertainty in which households have rational expectations to show how the size of the…
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The recent credit crisis of 2007/08 has raised a debate about the so-called knife-edge properties of financial markets. The paper contributes to the debate shedding light on the controversial relation between risk-diversification and financial…
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The recent credit crisis of 2007/08 has raised a debate about the so-called knife-edge properties of financial markets. The paper contributes to the debate shedding light on the controversial relation between risk-diversification and financial…
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For an intriguing variety of switching processes in nature, the underlying complex system abruptly changes from one state to another in a highly discontinuous fashion. Financial market fluctuations are characterized by many abrupt switchings…
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This file provides a bibliography of the literature on the Microstructure of Foreign Exchange Markets. It includes clickable url- or doi-links 1 to most of the published papers, and even to some of the working papers. I will add more annotations over…
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For an intriguing variety of switching processes in nature, the underlying complex system abruptly changes from one state to another in a highly discontinuous fashion. Financial market fluctuations are characterized by many abrupt switchings…
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