Now showing items 1-2 of 2

    • Jiang, Neville N.; Wang, Ping; Wu, Haibin (Vanderbilt University, 2002)
      This paper develops an overlapping-generations model of finance and growth with intrinsic heterogeneity in loanable fund conversion ability, where agents make occupational choice between becoming entrepreneurs and becoming ...
    • 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 ...