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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
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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
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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
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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...
Persistent link: https://www.econbiz.de/10003913450
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Crisis resolution and bank liquidity
Acharya, Viral V.; Shin, Hyun Song; Yorulmazer, Tanju - In: The review of financial studies 24 (2011) 6, pp. 2166-2205
Persistent link: https://www.econbiz.de/10009155210
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Crisis Resolution and Bank Liquidity
Acharya, Viral V. - 2010
What is the effect of financial crises and their resolution on banks' choice of liquidity? When banks have relative expertise in employing risky assets, the market for these assets clears only at fire-sale prices following a large number of bank failures. The gains from acquiring assets at...
Persistent link: https://www.econbiz.de/10013148772
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Crisis Resolution and Bank Liquidity
Acharya, Viral V. - 2009
What is the effect of financial 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...
Persistent link: https://www.econbiz.de/10012463082
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Crisis Resolution and Bank Liquidity
Acharya, Viral V. - 2010
What is the effect of financial 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...
Persistent link: https://www.econbiz.de/10013149978
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Credit lines as monitored liquidity insurance : theory and evidence
Acharya, Viral V.; Almeida, Heitor; Ippolito, Filippo; … - In: Journal of financial economics 112 (2014) 3, pp. 287-319
Persistent link: https://www.econbiz.de/10010421845
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Regulating systemic risk
Acharya, Viral V.; Pedersen, Lasse Heje; Philippon, Thomas - In: Restoring financial stability : how to repair a failed …, (pp. 283-303). 2009
Persistent link: https://www.econbiz.de/10003827522