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The seeds of a crisis : a theory of bank liquidity and risk taking over the business cycle

Acharya, Viral V.; Naqvi, Hassan - In: Journal of financial economics 106 (2012) 2, pp. 349-366

Persistent link: https://www.econbiz.de/10009666634

Online Appendix of 'The Seeds of a Crisis : A Theory of Bank Liquidity and Risk-Taking Over the Business Cycle'

Naqvi, Hassan - 2011

Persistent link: https://www.econbiz.de/10013132823

The Seeds of a Crisis : A Theory of Bank Liquidity and Risk-Taking Over the Business Cycle

Acharya, Viral V. - 2013

We examine how the banking sector may ignite the formation of asset price bubbles when there is access to abundant … liquidity. Inside banks, given lack of observability of effort, loan officers (or risk takers) are compensated based on the … macroeconomic risk, investors reduce direct investment and hold more bank deposits. This ‘flight to quality’ leaves banks flush with …

Persistent link: https://www.econbiz.de/10013094075

Financial Vulnerability and Risks to Growth in Emerging Markets

Acharya, Viral V. - 2020

in their business cycles relative to those of advanced economies. Information on the domestic price of risk, cost of …

Persistent link: https://www.econbiz.de/10012831744

Financial Vulnerability and Risks to Growth in Emerging Markets

Acharya, Viral V. - 2020

in their business cycles relative to those of advanced economies. Information on the domestic price of risk, cost of …

Persistent link: https://www.econbiz.de/10012481606

Crisis resolution and bank liquidity

Acharya, Viral V.; Shin, Hyun Song; Yorulmazer, Tanju - 2009

"What is the effect of fiancial crises and their resolution on banks' choice of liquid asset holdings? When risky assets have limited pledgeability and banks have relative expertise in employing risky assets, the market for these assets clears only at fire-sale prices following a large number of...