Concept
Money market fund
Publications associées (29)
International Portfolio Choice with Frictions: Evidence from Mutual Funds
Using data on international equity portfolio allocations by U.S. mutual funds, we estimate a portfolio expression derived from a standard mean-variance portfolio model extended with portfolio frictions. The optimal portfolio depends on the previous month a ...
OXFORD UNIV PRESS INC2023Asset purchases, limited asset markets participation and inequality
This paper analyses the effects of quantitative easing (QE) on households' income and consumption inequality in the Euro Area. Using a SVAR with high frequency identification, I show that an identified QE shock is redistributive and expansionary. To ration ...
ELSEVIER2023GECCO: Geometrically-Conditioned Point Diffusion Models
Pascal Fua, Eduard Trulls Fortuny, Michal Jan Tyszkiewicz
Diffusion models generating images conditionally on text, such as Dall-E 2 [51] and Stable Diffusion[53], have recently made a splash far beyond the computer vision community. Here, we tackle the related problem of generating point clouds, both uncondition ...
Ieee Computer Soc2023Empirical Evidence on the Effectiveness of Shareholder Democracy
This thesis is composed of two essays that study the effectiveness of shareholder democracy.
In the first essay, I analyze the firm value implications of shareholder-initiated proposals. I show that managerial resistance precludes half of shareholder-init ...
EPFL2021Essays in Banking and Financial Regulation
Susanne Johanna Petronella Léonie Vissers
This thesis examines how banks choose their optimal capital structure and cash reserves in the presence of regulatory measures. The first chapter, titled Bank Capital Structure and Tail Risk, presents a bank capital structure model in which bank assets a ...
EPFL2021Essays on Mortgage Supply in a Low Rate Environment and Gender Effects of Covid-19
After the financial crisis, policy rates in the major advanced economies have moved downwards to near/below zero. Some countries have experienced an increase in house prices and an expansion of mortgages. Also, there have been considerable changes in the m ...
EPFL2021Mortgage Supply and Capital Regulation in a Low Interest Rate Environment
Low-for-long nominal interest rates have resulted in strong growth in mort- gage lending and real house prices in Switzerland. Domestically-oriented, small banks have mostly contributed to this expansion in mortgage lending while the two big, global system ...
2020Three Essays in Banking and Finance
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 ...
EPFL2019Financial Stability and the Macroeconomy
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 ...
EPFL2018Navigating the Funding Landscape in Europe: Innovative Training Network FINESSE
The funding landscape in Europe is complex and potentially overwhelming with a multitude of pan-European and national funding mechanisms available. This session explores some of the options available to those seeking funds and suggests strategies for navig ...
2018