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Financial markets, intermediaries, and intertemporal smoothing

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Author Info
Franklin Allen
Douglas Gale

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Abstract

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Paper provided by Federal Reserve Bank of Philadelphia in its series Working Papers with number 95-4.

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Date of creation: 1995
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Handle: RePEc:fip:fedpwp:95-4

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Related research
Keywords: Financial markets ; Investments;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Roger H. Gordon & Hal R. Varian, 1985. "Intergenerational Risk Sharing," NBER Working Papers 1730, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  2. Bhattacharya, Sudipto & Padilla, A Jorge, 1996. "Dynamic Banking: A Reconsideration," Review of Financial Studies, Oxford University Press for Society for Financial Studies, vol. 9(3), pages 1003-32. [Downloadable!] (restricted)
    Other versions:
  3. Allen, Franklin & Gale, Douglas, 1994. "Limited Market Participation and Volatility of Asset Prices," American Economic Review, American Economic Association, vol. 84(4), pages 933-55, September. [Downloadable!] (restricted)
    Other versions:
  4. Hayashi, Fumio & Altonji, Joseph & Kotlikoff, Laurence, 1996. "Risk-Sharing between and within Families," Econometrica, Econometric Society, vol. 64(2), pages 261-94, March. [Downloadable!] (restricted)
  5. Qi, Jianping, 1994. "Bank Liquidity and Stability in an Overlapping Generations Model," Review of Financial Studies, Oxford University Press for Society for Financial Studies, vol. 7(2), pages 389-417. [Downloadable!] (restricted)
  6. Bennett T. McCallum, 1988. "The Optimal Inflation Rate in an Overlapping-Generations Economy with Land," NBER Working Papers 1892, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  7. Melitz, Jacques, 1990. "Financial deregulation in France," European Economic Review, Elsevier, vol. 34(2-3), pages 394-402, May. [Downloadable!] (restricted)
  8. Franklin Allen & Douglas Gale, 1994. "A welfare comparison of intermediaries and financial markets in Germany and the U.S," Working Papers 95-3, Federal Reserve Bank of Philadelphia.
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  9. Fulghieri, P. & Rovelli, R., 1993. "Capital Markets, Financial Intermediaries, and the Supply of Liquidity in a Dynamic Economy," Papers 93-04, Columbia - Graduate School of Business.
  10. Altonji, Joseph G & Hayashi, Fumio & Kotlikoff, Laurence J, 1992. "Is the Extended Family Altruistically Linked? Direct Tests Using Micro Data," American Economic Review, American Economic Association, vol. 82(5), pages 1177-98, December. [Downloadable!] (restricted)
    Other versions:
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