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Fear of Sudden Stops : Lessons from Australia and Chile

Caballero, Ricardo - 2004

vulnerability, drawing lessons from a detailed comparison of the response of Chile and Australia to recent external shocks and from … useful to identify and then distinguish between two inter-related dimensions of investors' confidence: country-trust and … to improve along these two dimensions of investors' confidence in the medium run, and policies to reduce the impact of …

Persistent link: https://www.econbiz.de/10012468174

Real Shock, Monetary Aftershock : The San Francisco Earthquake and the Panic of 1907

Odell, Kerry A. - 2002

effects of the 1906 San Francisco earthquake, a shock that immediately reduced United States. GNP by 1.5-1.8 percentage points … the Federal Reserve. In this study, we identify the San Francisco earthquake as the shock that triggered the chain of …

Persistent link: https://www.econbiz.de/10012469534

Haircuts

Gorton, Gary B. - 2009

When "confidence" is lost, "liquidity dries up." We investigate the meaning of "confidence" and "liquidity" in the …

Persistent link: https://www.econbiz.de/10012463378

Information, Liquidity, and the (Ongoing) Panic of 2007

Gorton, Gary B. - 2009

The credit crisis was sparked by a shock to fundamentals, housing prices failed to rise, which led to a collapse of trust in credit markets. In particular, the repurchase agreement market in the U.S., estimated to be about $12 trillion, larger than the total assets in the U.S. banking system...

Persistent link: https://www.econbiz.de/10012464000

Finance and the Preservation of Wealth

Gennaioli, Nicola - 2013

We introduce the model of asset management developed in Gennaioli, Shleifer, and Vishny (2012) into a Solow-style neoclassical growth model with diminishing returns to capital. Savers rely on trusted intermediaries to manage their wealth (claims on capital stock), who can charge fees above costs...

Persistent link: https://www.econbiz.de/10012459544

Financial Crisis in a Socialist Setting : Impact on Political Behavior, Social Trust, and Economic Values

Abramitzky, Ran; Ben-Porath, Netanel; Lavy, Victor; … - National Bureau of Economic Research - 2023

Research on the political and social impacts of financial crises has focused chiefly on free market economies, hindering our understanding of their effects in other settings. We exploit an episode of a financial crisis that hit the Israeli kibbutzim to study its impact in a socialist context....

Persistent link: https://www.econbiz.de/10014226115

Financial crisis in a socialist setting : impact on political behavior, social trust, and economic values

Abramitzky, Ran; Ben-Porath, Netanel; Lavy, Victor; … - 2023

Persistent link: https://www.econbiz.de/10014246463

Evaluating the Role of Insurance in Managing Risk of Future Pandemics

Kunreuther, Howard; Schupp, Jason - National Bureau of Economic Research - 2021

COVID-19 has demonstrated the challenges that policymakers, insurers, businesses, and employees face when disaster assistance programs are developed after the pandemic has already started. There is now an opportunity to design and implement effective and efficient solutions to manage the...

Persistent link: https://www.econbiz.de/10012585452

Interest Rates, Contagion and Capital Controls

Edwards, Sebastian - 2000

the type Chile implemented throughout most of the 1990s reduce a country's vulnerability to contagion. I also deal, albeit … presented in this paper shows that the effectiveness of Chile's controls on inflows has often been overstated. Indeed, Chile was …

Persistent link: https://www.econbiz.de/10012470949

The Distribution of Crisis Credit : Effects on Firm Indebtedness and Aggregate Risk

Huneeus, Federico; Kaboski, Joseph Paul; Larraín, Mauricio - National Bureau of Economic Research - 2022

risk. We analyze a large-scale program of public credit guarantees in Chile during the COVID-19 pandemic using unique …

Persistent link: https://www.econbiz.de/10012938743