Auflistung nach Autor "Modena, Andrea"

Anzeige der Dokumente 1-2 von 2

    • Recapitalization, Bailout, and Long-run Welfare in a Dynamic Model of Banking 

      Modena, Andrea (2021-03-01)
      This paper studies the dynamic trade-off between the short-run costs and the long-run benefits of bank bailouts. In the model, banks leverage thanks to their cost advantage at monitoring firms, but hold precautionary capital ...

    • Risk Pooling, Leverage, and the Business Cycle 

      Dindo, Pietro; Modena, Andrea; Pelizzon, Loriana (2020-02-25)
      This paper studies the impact of financial sector size and leverage on business cycles and risk-free rates dynamics. We model a general equilibrium productive economy where financial intermediaries provide costly risk ...