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Discussion of "Financial Crises and Risk Premia"。
In this work we develop a new measure to study the behavior of stochastic time series, which permits to distinguish events which are different from the ordinary, like financial crises. We identify fro...
The article discusses the use of economic regulatory policies based on markets to avoid financial crises such as the global financial crisis of 2008 and 2009. Topics include the too-big-to-fail policy...
The Financial Accounting Standards Board (FASB) (2010) proposes that all financial instruments be measured at fair value in the financial statements. This commentary provides one Board member's reason...
Trust lies at the crux of most economic transactions, with credit markets being a notable example. Drawing on insights from the liter-ature on coordination games and network growth, we develop a simpl...
The last financial and economic crisis demonstrated the dysfunctional long-term effects of aggressive behaviour in financial markets. Yet, evolutionary game theory predicts that under the condition of...

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