Publication

Liquidity, Innovation, And Endogenous Growth

Related publications (23)

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Persistent fiscal and political mismanagement, together with the financial pressures of the COVID-19 pandemic, have driven Sri Lanka into a social and economic crisis triggering a decrease in national foreign exchange reserves, an inability to purchase vit ...

FRONTIERS MEDIA SA2023

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This thesis consists of three chapters on informational frictions in financial markets. The chapters analyze problems related to markets' ability to guide real investment, and what drives liquidity. Both problems are important to ensure efficient resource ...

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Seeking methods for improving sustainability in the extractive sector

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Extractive resources are indisputably a necessary component of international sustainable development. Despite current advancements in the circular economy, world production needs for raw materials are ever increasing, and still a long way remains for it to ...

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On the economics of social innovation - a conceptual framework and its policy implications

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Social innovation addressing social, economic and environmental challenges are increasingly recognized as crucial drivers of social changes. However, the concept of social innovation remains vague. This paper builds a conceptual framework from an economic ...

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The organisation of science: topics, incentives and funding

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Ever since the links between the development of new technologies and economic growth became evident, researchers have attempted to study how the creation of knowledge fosters progress. If pushing the frontier of knowledge has an impact on progress and well ...

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Innovation capacity of the agricultural sector: network of productive interactions, knowledge transfer and differentiation mechanisms

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Three Problems of Liquidity under Asymmetric Information

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This thesis develops models for three problems of liquidity under asymmetric information. In the chapter "Disclosures, Rollover Risk, and Debt Runs" I build a model of dynamic debt runs without perfect information in order to understand the impact of asset ...

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Three Essays in Banking and Finance

Damien Olivier Klossner

This thesis develops three models that study the motivation of various agents to take on debt, and the impact that excessive financial leverage can have on social welfare. In the chapter "Short-term Bank Leverage and the Value of Liquid Reserves", the ince ...

EPFL2019

Innovation persistence and employment dynamics

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ELSEVIER SCIENCE BV2019

Financial Stability and the Macroeconomy : the Role of Bank Liquidity Regulation and Deposit Insurance

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The financial crisis of 2007-2009 drew attention to the essential role of banks for the macroeconomy and to the importance of having a resilient financial sector. A vulnerability in the financial sector spills over to the real economy and can drive it into ...

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