David Cimon

Finance researcher. Vegan who hates salads. Also, private pilot, scuba diver, and Habs fan. Views of this account are my own.

[David Cimon @CimonEcon]

We provide a literature review of the costs associated with these central bank actions. We find support for the premise that crisis actions may negatively impact market liquidity, distort asset prices, create conflicts between monetary and financial stability objectives.

[David Cimon @CimonEcon]

New Discussion Paper.

"Central Bank Crisis Interventions: A Review of the Recent Literature on Potential Costs":
https://t.co/MAyqVIBaLV

[David Cimon @CimonEcon]

Central banks may engage in large-scale lending and asset purchases to stabilize financial markets and implement monetary policy during crises. The ability of these actions to restore financial market functioning is well documented; however, they come with costs.

[David Cimon @CimonEcon]

@LisaKramer I should have known that that these hadn't made their way up here yet. I will be at the NFA this year, but I couldn't ask for that. It's good to know what to look for next time I'm down there though.

[David Cimon @CimonEcon]

This is a great opportunity to present your work, get feedback and meet other economists in your field. Full eligibility is in the call for papers. 3/3

[David Cimon @CimonEcon]

PhD students in Economics and Finance: Submissions for the Bank of Canada Graduate Student Paper Award are open until September 8th, 2023: https://t.co/axPjv5yLk2

Finalists will present their work at the Bank of Canada on November 6, 2023. 1/

[David Cimon @CimonEcon]

We invite papers in all fields of economics and finance, especially in macroeconomics, corporate finance, asset pricing, monetary economics, industrial organization, international trade, growth, labor economics, digital currencies and fintech, and applied econometrics. 2/

[David Cimon @CimonEcon]

@mariuszoican @schiller061 I worry that original instagram was ill-equipped for academic econ twitter.

[David Cimon @CimonEcon]

@schiller061 I just want a button that imports all my old follows.

[David Cimon @CimonEcon]

To improve efficiency, a regulator can impose a minimum level of security investment or legislate consumer protection to induce firms to invest the efficient amount in cyber security. Our results support regulatory efforts to increase transparency around cyber security. 3/3

[David Cimon @CimonEcon]

New version of our working paper, "Cyber Risk and Security Investment" with Toni Ahnert, @mikerostructure and @algoriordan, available here: https://t.co/fLAPir5u6B.

1/

[David Cimon @CimonEcon]

We develop a game-theoretic economic model in which firms invest in cybersecurity to protect themselves and their clients from cyber attacks. in our model, security investment is unobservable, and firms signal their investment to attract clients. 2/

[David Cimon @CimonEcon]

In the end, depending on project characteristics and the source of an entrepreneur's uncertainty, they may prefer rewards-based crowdfunding, equity-crowdfunding or conventional bank loans. 3/3

[David Cimon @CimonEcon]

Have a new working paper out, titled "Crowdfunding and Risk": https://t.co/coalquGeCH

In this paper, I create a model to show that crowdfunding may enable unique products to reach the consumer market. 1/3

[David Cimon @CimonEcon]

In this model, entrepreneurs like crowdfunding for risky projects where demand is uncertain, but not for large, safe projects or for projects where production costs are uncertain. 2/3

[David Cimon @CimonEcon]

@just_cameron It was an hour and a half up, including a snack break and then 2 hours down through the mud. 10/10 would do again.

[David Cimon @CimonEcon]

A story in 2 parts:

1) What a lovely day to climb Mont Tremblant.

2) Oh God, the rain!

[David Cimon @CimonEcon]

@mikerostructure This sounds like a perfect course.

[David Cimon @CimonEcon]

@financeUTM @mikerostructure @domali3 @LisaKramer @globeinvestor This sounds right to me. On IIROC's website, NEO, CSE, Nasdaq CXC, and TSX/TSXV/Alpha all describe themselves as exchanges.