HOW DOES THE STRUCTURE OF FINANCIAL FLOWS AFFECT THE STABILITY OF THE BANKING SYSTEM?
Rochet constructs a model of the payment flows that allows him to capture in a simple fashion the propagation of financial crises in an environment where both liquidity shocks and solvency shocks affect financial intermediaries that fund long-term investments with demand deposits. Forbes maintains that banking crises are a serious concern and can be extremely costly. Landier and Ueda examine cases in which restructuring can bring economic gains.
Year of publication: |
2011
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Authors: | Gradinaru, Cristian Gulei |
Published in: |
Annals of University of Craiova - Economic Sciences Series. - Facultatea de Economie şi Administrarea Afacerilor, ISSN 1223-365X. - Vol. 1.2011, 39, p. 235-238
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Publisher: |
Facultatea de Economie şi Administrarea Afacerilor |
Subject: | banks | market | capital | banking regulations | risk | liquidity | solvency |
Saved in:
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