Search Results

SORT BY: PREVIOUS / NEXT
Author:Boyd, John H. 

Working Paper
Inflation, financial markets, and capital formation

Working Papers , Paper 556

Working Paper
Equilibrium with Mutual Organizations in Adverse Selection Economies

An equilibrium concept in the Debreu (1954) theory-of-value tradition is developed for a class of adverse selection economies and applied to the Spence signaling and Rothschild-Stiglitz (1976) adverse selection environments. The equilibrium exists and is optimal. Further, all equilibria have the same individual type utility vector. The economies are large with a finite number of types that maximize expected utility on an underlying commodity space. An implication of the analysis is that the invisible hand works for this class of adverse selection economies.
Working Papers , Paper 717

Journal Article
Are banks dead? Or are the reports greatly exaggerated?

This article reexamines the conventional wisdom that commercial banking is in severe decline. A careful reading of the evidence does not support it. True, on-balance sheet assets held by commercial banks have declined as a share of total intermediary assets. But this measure ignores the substantial growth in banks' off-balance sheet activities, in off-shore lending by foreign banks, and in the size of the financial intermediation sector. Adjusted for these considerations, the bank-assets measure shows no clear evidence of secular decline. Neither does an alternative measure, constructed using ...
Quarterly Review , Volume 18 , Issue Sum , Pages 2-23

Journal Article
Are banks dead?

The Region , Volume 8 , Issue Sep , Pages 22-26

Working Paper
Inflation and financial market performance: what have we learned in the last ten years?

The last decade has witnessed a great deal of theoretical and empirical research on the relationships between inflation, financial market performance, and economic growth. This paper provides a survey of that literature and presents new cross-country empirical results on this topic. We find that inflation is negatively associated with banking industry size, real returns on financial assets, and bank profitability. We also discover a positive relationship between asset return volatility and inflation.
Working Papers (Old Series) , Paper 0317

Working Paper
Organizations in economic analysis

Three economic environments are reviewed, and in each organizations play an essential role. For an adverse selection insurance economy, we find that when mutual insurance arrangements are permitted an equilibrium necessarily exists and is optimal. This example, and the two others, illustrate the problems that may result from imposing organizational structure on an environment rather than permitting the structure to be determined endogenously.
Working Papers , Paper 385

Working Paper
Consolidation in U.S. banking: implications for efficiency and risk

Working Papers , Paper 572

Working Paper
Inflation and financial market performance

Working Papers , Paper 573

Conference Paper
Inflation, financial markets and capital formation

Proceedings , Volume 78 , Issue May , Pages 9-35

Working Paper
Inflation and financial market performance

An exploration of the cross-sectional relationship between inflation and an array of indicators of financial market conditions, using time-averaged data covering several decades and a large number of countries.
Working Papers (Old Series) , Paper 9617

FILTER BY year

FILTER BY Content Type

Working Paper 16 items

Journal Article 10 items

Conference Paper 5 items

Report 4 items

Discussion Paper 1 items

Monograph 1 items

show more (1)

FILTER BY Jel Classification

C62 1 items

D46 1 items

D82 1 items

G22 1 items

G29 1 items

PREVIOUS / NEXT