Seminario Doctorado del Prof. Nizar Allouch 08/06/2015 12:00h

SEMINARIO CONMEMORACIÓN 10º ANIVERSARIO DE LA CREACIÓN DEL INSTITUTO CIO DE LA UMH Y DEL DOCTORADO DE ESTADÍSTICA, OPTIMIZACIÓN Y MATEMÁTICA APLICADA. CURSO 2014-2015

Título: Policy reform in networks:  the interbank liquidity game

Ponentes: Nizar Allouch (Queen Mary, University of London)

Fecha: lunes 8 de junio de 2015 a las 12:00 horas

Lugar: Sala de Seminarios del  Instituto Universitario de Investigación CIO, Edificio Torretamarit

Resumen:

This paper studies the interbank liquidity game where banks are located on a network and may access their direct neighbors’ liquidity holdings. We investigate patterns and directions of welfare-improving transfers in arbitrary networks. More specifically, we use a geometric approach to characterise two general cases – where the welfare improvement is accompanied by a Pareto improvement, and when it is not. In this regard, our spectral analysis of policy reform leads to a full characterisation of the welfare impact of taxation.

Breve Bio:

Nizar Allouch is a Reader at the School of Economics and Finance, Queen Mary University of London.Nizar’s research interests are mainly in Microeconomics and Public Economics. In addition to his work on no-arbitrage conditions and short-selling in assets markets, local public goods\club economies with spill overs and multiple memberships, he is currently working on public goods in networks. Nizar received a PhD from University of Paris I- Panthéon Sorbonne, and has held visiting researcher positions at Warwick University, Cambridge University, and MIT. Nizar has published his work in Journal of Economic Theory, Economic Theory, International Journal of Game Theory, and Journal of Mathematical Economics and he is an associate editor of Journal of Public Economic Theory.