Now showing items 1-2 of 2

    • Fecht, Falko; Huang, Kevin X.D.; Martin, Antoine (Vanderbilt University, 2007)
      We build a model in which financial intermediaries provide insurance to households against idiosyncratic liquidity shocks. Households can invest in financial markets directly if they pay a cost. In equilibrium, the ability ...
    • Rousseau, Peter L.; Wachtel, Paul (Vanderbilt University, 2009)
      Although the finance-growth relationship is now firmly entrenched in the empirical literature, we show that it is not as strong in more recent data as it was in the original studies with data for the period from 1960 to ...