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Aripiprazole, a novel atypical antipsychotic drug, can significantly increase dopamine (DA) levels in the prefrontal cortex of rats, but only at low doses below 1mg/kg. The aim of the present work was to test the effect of aripiprazole (0, 0.1, 0.3, 3 and 30 mg/kg, i.p.) on extracellular levels of monoamines in the prefrontal cortex of freely moving(More)
This paper analyzes the relation between the quality of the legal enforcement of loan contracts and the allocation of credit to households, both theoretically and empirically. We use a model of household credit market with secured debt contracts, where the judicial system affects the cost incurred by banks to actually repossess the collateral. The model(More)
a r t i c l e i n f o a b s t r a c t This paper shows that managers' personal beliefs and individual characteristics explain a large share of the substantial time-variation of derivative use beyond firm, industry, and market fundamentals. We construct a panel data set of foreign currency derivative holdings and currency exposures for U.S. non-financial(More)
This paper investigates the relation between the degree of creditors' legal protection and corporate decisions and the effects of this interaction on aggregate activity, both theoretically and empirically. We develop a two country general equilibrium model with overlapping generations. We assume asymmetric information in the credit market and we allow(More)
  • PaPer Ser ieS, Anna Sarkisyan, +7 authors Alberto Pozzolo
  • 2013
In 2013 all ECB publications feature a motif taken from the €5 banknote. noTe: This Working Paper should not be reported as representing the views of the European Central Bank (ECB). The views expressed are those of the authors and do not necessarily reflect those of the ECB. Any reproduction, publication and reprint in the form of a different publication,(More)
This paper presents a model where opening the capital account of an economy causes more bankruptcies to take place in the non tradables sector. Non tradable …rms must forecast the future state of the economy when investing since the demand for their goods depends on this. In our model the interest rate is a powerful signal that non tradable …rms use when(More)
The International Center for Financial Asset Management and Engineering (FAME) is a private foundation created in 1996 at the initiative of 21 leading partners of the finance and technology community together with three Universities of the Lake Geneva Region FAME is about research, doctoral training, and executive education with " interfacing " activities(More)
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