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On the stability of different financial systems
Fecht, Falko - 2003
Anlagemöglichkeiten am Finanzmarkt haben. Ist der Anteil dieser Haushalte vergleichsweise gering, so entsteht ein Finanzsystem, das sich …. Einlageverträge von Banken bieten in diesem Finanzsystem keine Liquiditätsversicherung. Ist hingegen der Anteil der Haushalte mit … wenig effizienten Direktanlagemöglichkeiten vergleichsweise hoch, so bildet sich eine bank-dominiertes Finanzsystem heraus …
Persistent link: https://www.econbiz.de/10011432080
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On the stability of different financial systems
Fecht, Falko - 2003
An economy in which deposit-taking banks of a Diamond/ Dybvig style and an asset market coexist is modelled. Firstly, within this framework we characterize distinct financial systems depending on the fraction of households with direct investment opportunities that are less efficient than those...
Persistent link: https://www.econbiz.de/10001764076
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On the Stability of Different Financial Systems
Fecht, Falko - 2016
Persistent link: https://www.econbiz.de/10012991235
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On the stability of different financial systems
Fecht, Falko - 2003
Persistent link: https://www.econbiz.de/10013444486
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Bailouts and financial fragility
Keister, Todd - 2010
How does the belief that policymakers will bail out investors in the event of a crisis affect the allocation of resources and the stability of the financial system? I study this question in a model of financial intermediation with limited commitment. When a crisis occurs, the efficient policy...
Persistent link: https://www.econbiz.de/10008746936
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Bailouts and Financial Fragility
Keister, Todd - 2012
Should policy makers be prevented from bailing out investors in the event of a crisis? I study this question in a model of financial intermediation with limited commitment. When a crisis occurs, the efficient policy response is to use public resources to augment the private consumption of those...
Persistent link: https://www.econbiz.de/10013115675
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Expectations versus Fundamentals : Does the Cause of Banking Panics Matter for Prudential Policy?
Keister, Todd - 2011
There is a longstanding debate about whether banking panics and other financial crises always have fundamental causes or are sometimes the result of self-fulfilling beliefs. Disagreement on this point would seem to present a serious obstacle to designing policies that promote financial...
Persistent link: https://www.econbiz.de/10013119802
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Expectations versus fundamentals : does the cause of banking panics matter for prudential policy?
Keister, Todd; Narasiman, Vijay - 2011
There is a longstanding debate about whether banking panics and other financial crises always have fundamental causes or are sometimes the result of self-fulfilling beliefs. Disagreement on this point would seem to present a serious obstacle to designing policies that promote financial...
Persistent link: https://www.econbiz.de/10009349627
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On the Stability of Different Financial Systems
Fecht, Falko - 2003
An economy in which deposit-taking banks of a Diamond/ Dybvig style and an asset market coexist is modelled. Firstly, within this framework we characterize distinct financial systems depending on the fraction of households with direct investment opportunities that are less efficient than those...
Persistent link: https://www.econbiz.de/10010316242