Koralai Kirabaeva - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T16:00:32+00:00Adverse Selection and Financial Crises
https://www.bankofcanada.ca/wp-content/uploads/2011/02/kirabaeva.pdf
The recent financial crisis has highlighted the importance of adverse selection as a contributing factor to financial market instability.2011-02-17T10:29:03+00:00enAdverse Selection and Financial Crises2011-02-17Composition of International Capital Flows: A Survey
https://www.bankofcanada.ca/2010/12/working-paper-2010-33/
We survey several key mechanisms that explain the composition of international capital flows: foreign direct investment, foreign portfolio investment and debt flows (bank loans and bonds). In particular, we focus on the following market frictions: asymmetric information in capital markets and exposure to liquidity shocks.2010-12-20T11:42:20+00:00enComposition of International Capital Flows: A Survey2010-12-20International topicsWorking Paper 2010-33https://www.bankofcanada.ca/wp-content/uploads/2010/12/wp10-33.pdfComposition of International Capital Flows: A SurveyKoralai KirabaevaAssaf RazinDecember 2010DD8D82FF2F21F3F34Adverse Selection, Liquidity, and Market Breakdown
https://www.bankofcanada.ca/2010/12/working-paper-2010-32/
This paper studies the interaction between adverse selection, liquidity risk and beliefs about systemic risk in determining market liquidity, asset prices and welfare. Even a small amount of adverse selection in the asset market can lead to fire-sale pricing and possibly to a market breakdown if it is accompanied by a flight-to-liquidity, a misassessment of systemic risk, or uncertainty about asset values.2010-12-13T15:02:52+00:00enAdverse Selection, Liquidity, and Market Breakdown2010-12-13Financial institutionsFinancial marketsFinancial stabilityAdverse Selection, Liquidity, and Market Breakdownhttps://www.bankofcanada.ca/wp-content/uploads/2010/12/wp10-32.pdfAdverse Selection, Liquidity, and Market BreakdownKoralai KirabaevaDecember 2010DD8D82GG0G01G1G11