Nonlinear Pricing with Competition: The Market for Settling Payments

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Good News Is Bad News: Leverage Cycles and Sudden Stops

Ozge Akinci and Ryan Chahrour
Staff Reports, Number 738, September 2015

Author Disclosure Statements

Ozge Akinci
I declare that I have no relevant or material financial interests that relate to the research described in this paper.

Ryan Chahrour
The author acknowledges financial support from the European Research Council under the European Communitys Seventh Framework Program FP7/2007-2013, grant agreement No.263790.

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