in Cambridge Journal of Economics
November 2008; p ublished online April 2008 .
Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Financial Institutions and Services; Production and Organizations; Corporate Governance. 10622 words.
I discuss the impact of financialisation on real capital accumulation in the US. Using data from a sample of non-financial corporations from 1973 to 2003, I find a negative relationship...
in The Review of Financial Studies
November 2011; p ublished online September 2011 .
Journal Article. Subjects: Game Theory and Bargaining Theory; Production and Organizations; Money and Interest Rates; Economics; Financial Institutions and Services. 17910 words.
This article develops a model of a self-fulfilling credit market freeze and uses it to study alternative governmental responses to such a crisis. We study an economy in which operating...
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