Narrow search
Showing 1 - 7 of 7
Cover Image
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
Cover Image
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
Cover Image
On the Stability of Different Financial Systems
Fecht, Falko - 2016
Persistent link: https://www.econbiz.de/10012991235
Cover Image
On the stability of different financial systems
Fecht, Falko - 2003
Persistent link: https://www.econbiz.de/10013444486
Cover Image
Banks, markets, and financial stability : conference paper
Eder, Armin; Fecht, Falko; Pausch, Thilo - 2012
In a theoretical model of the Diamond-Dybvig style, in which deposit-taking banks and financial markets coexist, bank behavior is analyzed taking into account a positive ex-ante probability of a future financial crisis. We focus on the role of the interaction of market liquidity and banks'...
Persistent link: https://www.econbiz.de/10010344668
Cover Image
Banks, Markets, and Financial Stability
Eder, Armin - 2016
We use a Diamond/Dybvig-based model with two banks operating in separate regions connected by a common asset market in which banks and sophisticated depositors invest. We study the effect of a potential run (crisis) and subsequent fire sales on the asset price in both the crisis and no-crisis...
Persistent link: https://www.econbiz.de/10012988724
Cover Image
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