Publications associées (23)

Monetary Independence And Rollover Crises

Jorge Mondragon Minero

This article shows that the inability to use monetary policy for macroeconomic stabilization leaves a government more vulnerable to a rollover crisis. We study a sovereign default model with self-fulfilling rollover crises, foreign currency debt, and nomin ...
OXFORD UNIV PRESS INC2022

Informational frictions in financial markets

Erik Hapnes

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 ...
EPFL2021

Fundamental study on microlayer dynamics in nucleate boiling

Lubomír Bures

Dynamics of nucleate boiling are strongly affected by the formation and behaviour of the microlayer, a layer of liquid underneath growing bubbles. As a result of its minute thickness, very high heat fluxes occur within the microlayer and its evaporation co ...
EPFL2021

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

Corporate policies with permanent and transitory shocks

Erwan Morellec

We model the financing, cash holdings, and hedging policies of a firm facing financing frictions and subject to permanent and transitory cash flow shocks. The permanent and transitory shocks generate distinct, sometimes opposite, effects on corporate polic ...
2017

Collapse phenomena of deformed cavitation bubbles

Outi Supponen

Cavitation bubbles are a topic of long-standing interest owing to the powerful phenomena associated with their collapse. Their unique ability to focus energy typically causes damage in hydraulic machinery (turbines, pumps, propellers, ...) but, if managed ...
EPFL2017

Credit Supply and the Macroeconomy

Abhik Mukherjee

The policy response to the recent financial crisis has broadly focused on two themes: 1) Increasing the banking sectors’ resilience to future financial shocks: 2) Improving credit availability to households and firms via lowering both short and long-term ...
EPFL2016

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