Showing 1 - 10 of 13
explicitly absorb a larger share of the systemic risk. The options for doing this range from surplus countries rebalancing their … securitization industry while removing the systemic risk from the banks' balance sheets. Such public-private solutions could be …
Persistent link: https://www.econbiz.de/10012463014
Persistent link: https://www.econbiz.de/10002114536
Persistent link: https://www.econbiz.de/10001644155
Persistent link: https://www.econbiz.de/10001603482
Persistent link: https://www.econbiz.de/10001611327
Persistent link: https://www.econbiz.de/10001672837
of such insurance even if all agents are risk neutral. However, if domestic financial constraints also exist, domestics …
Persistent link: https://www.econbiz.de/10012470958
Financial assets provide return and liquidity services to their holders. However, during severe financial crises many asset prices plummet, destroying their liquidity provision function at the worst possible time. In this paper we present a model of fire sales and market breakdowns, and of the...
Persistent link: https://www.econbiz.de/10012463170
also leads agents to undervalue the aggregate risk embodied in financial bubbles. In this context, even rational bubbles … can be welfare reducing. We study a set of aggregate risk management policies to alleviate the bubble-risk. We show that …
Persistent link: https://www.econbiz.de/10012467059
Even well managed emerging market economies are exposed to significant external risk, the bulk of which is financial …
Persistent link: https://www.econbiz.de/10012468928