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Contingent reserves management : an applied framework

Caballero, Ricardo J.; Panageas, Stavros - 2004

Persistent link: https://www.econbiz.de/10002343877

Hedging sudden stops and precautionary recessions : a quantitative framework

Caballero, Ricardo J.; Panageas, Stavros - 2003

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A quantitative model of sudden stops and external liquidity management

Caballero, Ricardo J.; Panageas, Stavros - 2005

Persistent link: https://www.econbiz.de/10002798382

The implications of heterogeneity and inequality for asset pricing

Panageas, Stauros - 2020

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Bailouts, the incentive to manage risk, and financial crises

Panageas, Stauros - 2009

"A firm's termination leads to bankruptcy costs. This may create an incentive for outside stakeholders or the firm's debtholders to bail out the firm as bankruptcy looms. Because of this implicit guarantee, firm shareholders have an incentive to increase volatility in order to exploit the...