Financing Ventures FRB of St. Louis (2017-11-07)
The relationship between venture capital and growth is examined using an endogenous growth model incorporating dynamic contracts between entrepreneurs and venture capitalists. At each stage of financing, venture capitali .. more |
Digital Innovation and the Distribution of Income NBER (2017-11-07)
Income inequalities have increased in most OECD countries over the past decades; particularly the income share of the top 1%. In this paper we argue that the growing importance of digital innovation - new products and pr .. more |
Vulnerable asset management? The case of mutual funds Deutsche Bundesbank (2017-11-07)
Is the asset management sector a source of financial instability? This paper contributes to the debate by performing a macroprudential stress test in order to quantify systemic risks in the mutual fund sector. For this p .. more |