Jump to navigation
Violaine Le Gall
16 septembre 2009
Paul Seabright
15 septembre 2009
Helmuth Cremer, Philippe De Donder et Pierre Pestieau
14 septembre 2009
Jean Tirole
n° 09-083, 12 septembre 2009, révision février 2010, 42 pages
The recent crisis was characterized by massive illiquidity. This paper reviews what we know and don't know about illiquidity and all its friends: market freezes, fire sales, contagion, and ultimately insolvencies and bailouts. It first explains why liquidity cannot easily be apprehended through a...
Sollenn Poullenec
12 septembre 2009
Taoufik Bouezmarni et Sébastien Van Bellegem
n° 09-082, 11 septembre 2009
The paper introduces a new nonparametric estimator of the spectral density that is given in smoothing the periodogram by the probability density of Beta random variable (Beta kernel). The estimator is proved to be bounded for short memory data, and diverges at the origin for long memory data. The...
Steffen Andersen (Copenhagen Business School)
Toulouse, France, 10–11 septembre 2009
Jeffrey V. Butler (Einaudi Institute for Economics and Finance)
James C. Cox (Georgia state University)
