Similar Search Results

Risk-Sharing and the Creation of Systemic Risk

Acharya, Viral V. - 2020

We address the paradox that financial innovations aimed at risk-sharing appear to have made the world riskier … liquid assets. When risk-sharing is primitive, agents selfhedge and hold more liquid assets; this buffers aggregate risks …, resulting in few correlated failures compared to when there is greater risk sharing. We apply this insight to build a model of a …

Persistent link: https://www.econbiz.de/10012822763

Regulating systemic risk

Acharya, Viral V.; Pedersen, Lasse Heje; Philippon, Thomas - In: Restoring financial stability : how to repair a failed …, (pp. 283-303). 2009

Persistent link: https://www.econbiz.de/10003827522

Corporate governance in the modern financial sector

Acharya, Viral V.; Carpenter, Jennifer N.; Gabaix, Xavier; … - In: Restoring financial stability : how to repair a failed …, (pp. 185-196). 2009

Persistent link: https://www.econbiz.de/10003827513

International alignment of financial sector regulation

Acharya, Viral V.; Wachtel, Paul; Walter, Ingo - In: Restoring financial stability : how to repair a failed …, (pp. 365-376). 2009

Persistent link: https://www.econbiz.de/10003827551

How banks played the leverage game

Acharya, Viral V.; Schnabl, Philipp - In: Restoring financial stability : how to repair a failed …, (pp. 83-100). 2009

Persistent link: https://www.econbiz.de/10003827506

Derivatives : the ultimate financial innovation

Acharya, Viral V.; Brenner, Menachem; Engle, Robert F.; … - In: Restoring financial stability : how to repair a failed …, (pp. 233-249). 2009

Persistent link: https://www.econbiz.de/10003827516

Centralized clearing for credit derivatives

Acharya, Viral V.; Engle, Robert F.; Figlewski, Stephen; … - In: Restoring financial stability : how to repair a failed …, (pp. 251-268). 2009

Persistent link: https://www.econbiz.de/10003827517