Similar Search Results

Systemic Credit Freezes in Financial Lending Networks

Acemoglu, Daron - 2020

This paper develops a network model of interbank lending, in which banks decide to extend credit to their potential … literature on financial networks, we focus on how anticipation of future defaults may result in ex ante "credit freezes," whereby … banks refuse to extend credit to one another. We first characterize the terms of the interbank contracts and the patterns of …

Persistent link: https://www.econbiz.de/10012481732

Systemic credit freezes in financial lending networks

Acemoglu, Daron; Ozdaglar, Asuman E.; Siderius, James; … - 2020

Persistent link: https://www.econbiz.de/10012234456

Systemic Credit Freezes in Financial Lending Networks

Acemoglu, Daron; Ozdaglar, Asuman E.; Siderius, James; … - 2022

This paper develops a network model of interbank lending, in which banks decide to extend credit to their potential … literature on financial networks, we focus on how anticipation of future defaults may result in ex ante “credit freezes,” whereby … banks refuse to extend credit to one another. We first characterize the terms of the interbank contracts and the patterns of …

Persistent link: https://www.econbiz.de/10013298205

Systemic credit freezes in financial lending networks

Acemoglu, Daron; Ozdaglar, Asuman E.; Siderius, James; … - In: Mathematics and financial economics 15 (2021) 1, pp. 185-232

Persistent link: https://www.econbiz.de/10012433638

The network origins of aggregate fluctuations

Acemoglu, Daron; Carvalho, Vasco M.; Ozdaglar, Asuman E.; … - 2011

This paper argues that in the presence of intersectoral input-output linkages, microeconomic idiosyncratic shocks may lead to aggregate fluctuations. In particular, it shows that, as the economy becomes more disaggregated, the rate at which aggregate volatility decays is determined by the...