Xavier Freixas
Biographic Data
| ID | 5851705 |
|---|---|
| NAME | Xavier Freixas |
| GIVEN NAMES | Xavier |
| FAMILY NAME | Freixas |
| SIGNATURE | FREIXAS X |
| AFFILIATIONS | Bank of England |
| ORCID | 0000-0001-5849-6668 |
| VERIFIED | Yes |
| TOTAL WORKS | 6 |
| TOTAL CITATIONS | 8 |
| AUTHOR COUNT | 6 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1981 |
| LATEST PUBLICATION YEAR | 2019 |
| H-INDEX | 1 |
Lender of Last Resort
The global financial crisis and the sovereign debt crisis in Europe have redefined the functions of the lender of last resort (LOLR). First, they have placed the LOLR at the intersection of monetary policy, fiscal policy, supervision, and regulation of the banking industry. Second, they have given regulatory authorities the additional responsibility of monitoring the interbank market. Third, they have extended the LOLR role to cover the possible …
Equity, Bonds, and Bank Debt
This paper proposes a model of financial markets and corporate finance, with asymmetric information and no taxes, where equity issues, bank debt, and bond financing coexist in equilibrium. The relationship banking aspect of financial intermediation is emphasized: firms turn to banks as a source of investment mainly because banks are good at helping them through times of financial distress. This financial flexibility is costly since banks face cos…
L'effet d'irréversibilité dans le choix de grands projets
Freixas Xavier. L'effet d'irréversibilité dans le choix de grands projets. In: Revue économique, volume 38, n°1, 1987. pp. 149-156
Planning under Incomplete Information and the Ratchet Effect
Central planning of production is usually performed under asymmetric information which leads to use of an incentive scheme. As the planner revises the scheme over time to take into account information provided by the firm's performance, this induces firms to underproduce to avoid more demanding schedules in the future—the ratchet effect. This paper explores this phenomenon under the realistic assumption that the planner cannot commit himself to a…
Comparaison de mécanismes d'allocation
Nous considérons le problème de l'allocation d'une ressource rare à des entreprises produisant des biens différents, dans le cas où celles-ci ont une meilleure information sur leur propre technologie que le Centre de Planification. Nous comparons deux modes d'allocation : d'une part, le mécanisme de quantités où le centre alloue la ressource en fonction de son information a priori, et d'autre part, le mécanisme de prix où l'allocation effectuée r…
Une analyse cout-avantage des mécanismes d'allocation
Freixas Xavier. Une analyse coût-avantage des mécanismes d'allocation : l'approche prix-quantités. In: Revue économique, volume 32, n°6, 1981. pp. 1074-1086
Equity, Bonds, and Bank Debt
This paper proposes a model of financial markets and corporate finance, with asymmetric information and no taxes, where equity issues, bank debt, and bond financing coexist in equilibrium. The relationship banking aspect of financial intermediation is emphasized: firms turn to banks as a source of investment mainly because banks are good at helping them through times of financial distress. This financial flexibility is costly since banks face cos…
Comparaison de mécanismes d'allocation
Nous considérons le problème de l'allocation d'une ressource rare à des entreprises produisant des biens différents, dans le cas où celles-ci ont une meilleure information sur leur propre technologie que le Centre de Planification. Nous comparons deux modes d'allocation : d'une part, le mécanisme de quantités où le centre alloue la ressource en fonction de son information a priori, et d'autre part, le mécanisme de prix où l'allocation effectuée r…
Une analyse cout-avantage des mécanismes d'allocation
Freixas Xavier. Une analyse coût-avantage des mécanismes d'allocation : l'approche prix-quantités. In: Revue économique, volume 32, n°6, 1981. pp. 1074-1086
Planning under Incomplete Information and the Ratchet Effect
Central planning of production is usually performed under asymmetric information which leads to use of an incentive scheme. As the planner revises the scheme over time to take into account information provided by the firm's performance, this induces firms to underproduce to avoid more demanding schedules in the future—the ratchet effect. This paper explores this phenomenon under the realistic assumption that the planner cannot commit himself to a…
L'effet d'irréversibilité dans le choix de grands projets
Freixas Xavier. L'effet d'irréversibilité dans le choix de grands projets. In: Revue économique, volume 38, n°1, 1987. pp. 149-156
Equity, Bonds, and Bank Debt
This paper proposes a model of financial markets and corporate finance, with asymmetric information and no taxes, where equity issues, bank debt, and bond financing coexist in equilibrium. The relationship banking aspect of financial intermediation is emphasized: firms turn to banks as a source of investment mainly because banks are good at helping them through times of financial distress. This financial flexibility is costly since banks face cos…
Lender of Last Resort
The global financial crisis and the sovereign debt crisis in Europe have redefined the functions of the lender of last resort (LOLR). First, they have placed the LOLR at the intersection of monetary policy, fiscal policy, supervision, and regulation of the banking industry. Second, they have given regulatory authorities the additional responsibility of monitoring the interbank market. Third, they have extended the LOLR role to cover the possible …
Economic theories and models (4 works) · Economics (4 works) · Humanities (3 works) · Political science (3 works) · Banking stability, regulation, efficiency (2 works) · Business (2 works) · Climate Change Policy and Economics (2 works) · Financial system (2 works) · Microeconomics (2 works) · Monetary economics (2 works)