Showing 1 - 10 of 203,408
There has been considerable progress in developing macroeconomic models of banking crises. However, most of this literature focuses on the retail sector where banks obtain deposits from households. In fact, the recent financial crisis that triggered the Great Recession featured a disruption of...
Persistent link: https://www.econbiz.de/10012456780
There has been considerable progress in developing macroeconomic models of banking crises. However, most of this literature focuses on the retail sector where banks obtain deposits from households. In fact, the recent financial crisis that triggered the Great Recession featured a disruption of...
Persistent link: https://www.econbiz.de/10014129775
This paper aims at modelling bank runs in a behavioural macroeconomic context. Specifically, it extends Gertler, Kiyotaki and Prestipino (2020 a ) by assuming boundedly rational expectations, allowing for optimistic and pessimistic attitudes to play a role in the asset pricing mechanism, and...
Persistent link: https://www.econbiz.de/10013406132
This paper revisits Keynes's writings from Indian Currency and Finance (1913) to The General Theory (1936) with a focus … Great Depression may have informed his General Theory. Exploring the connection between the experience of the Great … Depression and the theoretical framework Keynes presents in The General Theory, the assumption of a constant money stock …
Persistent link: https://www.econbiz.de/10012291986
Persistent link: https://www.econbiz.de/10011439815
Persistent link: https://www.econbiz.de/10011718456
A bank's decision on loan supply and capital structure determines its immediate bankruptcy risk as well as the future availability of internal funds. These internal funds in turn determine a bank's future costs of external finance and future vulnerability to bankruptcy risks. We study these...
Persistent link: https://www.econbiz.de/10011918996
The avenue to find a balanced assessment of systemic financial institutions needs the integration of macro and micro granular datasets. This paper investigates how macroeconomic shocks affect systemic risk through several transmission channels. Employing Indonesia datasets over 2008–2019, we...
Persistent link: https://www.econbiz.de/10013368983
The avenue to find a balanced assessment of systemic financial institutions needs the integration of macro and micro granular datasets. This paper investigates how macroeconomic shocks affect systemic risk through several transmission channels. Employing Indonesia datasets over 2008-2019, we...
Persistent link: https://www.econbiz.de/10013473175
Persistent link: https://www.econbiz.de/10011531968