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June 7, 2010

Intergenerational risk sharing and labour supply in collective funded pension schemes with defined benefits

Welfare gains from intergenerational risk sharing dwarf losses from labour market distortions in collective funded pension schemes.

May 3, 2010

Failing corporate governance: Why banks are addicted to risk

If securitisation allowed banks to transfer risk to third parties, why did banks' exposure to the subprime market turn out so substantial?

May 3, 2010

Failing corporate governance: Why banks are addicted to risk

If securitisation allowed banks to transfer risk to third parties, why did banks' exposure to the subprime market turn out so substantial?