Journal of Financial Economic Policy: Volume 1 Issue 2

Systemic risk, coordination failures, and preparedness externalities: Applications to tax and accounting policy

David Hirshleifer, Siew Hong Teoh

Sometimes resources are badly employed because of coordination failures. Actions by decision makers that affect the likelihood of such failures are sometimes said to cause…

A theory of linkage between monetary policy and banking failure in developing countries

Raulin L. Cadet

The purpose of this paper is to present a model that studies the impact of a tightening monetary policy on banking failure in a developing country.

Exchange rate assessments for Australia and New Zealand

Hali Edison, Francis Vitek

The purpose of this paper is to assess the level of the real effective exchange rate in Australia and New Zealand.

Short sales around M&A announcements

Liuqing Mai, Robert van Ness, Bonnie van Ness

The purpose of this paper is to examine changes in short‐sale transactions of target firms and acquiring firms around merger and acquisition (M&A) announcements using daily…