Staff working papers

• Translog ou Cobb-Douglas? Le rôle des durées d'utilisation des facteurs

  Staff Working Paper 2004-19 Eric Heyer, Florian Pelgrin, Arnaud Sylvain

  Using French data on industrial firms over the period 1989-2001, the authors estimate a "flexible" Translog production function that accounts for the volumes and durations of factor utilization.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models JEL Code(s): C, C3, C33, D, D2, D24, J, J2, J23

• When Bad Things Happen to Good Banks: Contagious Bank Runs and Currency Crises

  Staff Working Paper 2004-18 Raphael Solomon

  The author develops a twin crisis model featuring multiple banks.

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates, Financial institutions JEL Code(s): E, E5, E58, F, F3, F30, G, G2, G21

• International Cross-Listing and the Bonding Hypothesis

  Staff Working Paper 2004-17 Michael R. King, Dan Segal

  The authors describe a new view of cross-listing that links the impact on firm valuation to the firm's ability to develop an active secondary market for its shares in the U.S. markets.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial markets, International topics JEL Code(s): G, G1, G12, G15

• The Effects of Economic News on Bond Market Liquidity

  Staff Working Paper 2004-16 Chris D'Souza, Charles Gaa

  The authors contrast the impact of two sources of information flow on the volatility of prices, trading activity, and liquidity in the brokered interdealer market for Government of Canada bonds.

  Content Type(s): Staff research, Staff working papers Topic(s): Debt management, Financial markets, Market structure and pricing JEL Code(s): G, G1, G14