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The Transmission of Shocks in Endogenous Financial Networks : A Structural Approach

Heipertz, Jonas - 2019

The paper uses bank- and instrument-level data on asset holdings and liabilities to identify and estimate a general … equilibrium model of trade in financial instruments. Bilateral ties are formed as each bank selects the size and the … lead to less amplification of partial equilibrium shocks, (ii) the influence of a bank's equity is independent of the size …

Persistent link: https://www.econbiz.de/10012867035

Bank Relationships, Business Cycles, and Financial Crises

Hale, Galina - 2021

established through bank-to-bank lending and provide evidence to support this claim. To analyze dynamics of formation of such …

Persistent link: https://www.econbiz.de/10013225015

Financial Development and City Growth : Evidence from Northeastern American Cities, 1790-1870

Bodenhorn, Howard - 2010

urban growth. Our estimates suggest that the presence of a bank at a given location in the late 1830s is associated with …

Persistent link: https://www.econbiz.de/10013143454

Balance Sheet Adjustments in the 2008 Crisis

He, Zhiguo - 2010

We measure how securitized assets, including mortgage-backed securities and other asset-backed securities, have shifted across financial institutions over this crisis and how the availability of financing has accommodated such shifts. Sectors dependent on repo financing - in particular, the...

Persistent link: https://www.econbiz.de/10013144301

Banks, Market Organization, and Macroeconomic Performance : An Agent-Based Computational Analysis

Ashraf, Quamrul H. - 2011

how they are resolved. Our analysis sheds new light on the conflict between micro-prudential bank regulation and …

Persistent link: https://www.econbiz.de/10013124233

Tracking Variation in Systemic Risk at Us Banks During 1974-2013

Hovakimian, Armen - 2012

to individual banks in the Merton tradition (1974) as a combination put option for the deep tail of bank losses and a … knock-in stop-loss call on bank assets. This model expresses the value of taxpayer loss exposure from a string of defaults … the face value of the debt of the entire sector. We conceive of an individual bank's systemic risk as its contribution to …

Persistent link: https://www.econbiz.de/10013107012

The Evolving Importance of Banks and Securities Markets

Demirgüç-Kunt, Asli - 2012

the size of the economy, (2) the association between an increase in economic output and an increase in bank development …

Persistent link: https://www.econbiz.de/10013107516

Land and Credit : A Study of the Political Economy of Banking in the United States in the Early 20th Century

Rajan, Raghuram Govind - 2010

We thank Lakshmi Aiyar, Shawn Cole, Stijn Claessens, Oded Galor, Adair Morse, Mark Rosenzweig, Jeremy Stein, as well as participants in seminars at the IMF, the NBER Political Economy, Corporate Finance, and Growth Workshops, M.I.T., Northwestern University, the University of Chicago, the WFA...

Persistent link: https://www.econbiz.de/10013152442

Complexity and Financial Panics

Caballero, Ricardo J. - 2010

During extreme financial crises, all of a sudden, the financial world that was once rife with profit opportunities for financial institutions (banks, for short) becomes exceedingly complex. Confusion and uncertainty follow, ravaging financial markets and triggering massive flight-to-quality...

Persistent link: https://www.econbiz.de/10013152670

Risky Investments with Limited Commitment

Cooley, Thomas F. - 2013

Over the last three decades there has been a dramatic increase in the size of the financial sector and in the compensation of financial executives. This increase has been associated with greater risk-taking and the use of more complex financial instruments. Parallel to this trend, the...

Persistent link: https://www.econbiz.de/10013073564