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A macroeconomic framework for quantifying systemic risk
He, Zhiguo; Krishnamurthy, Arvind - 2012
Systemic risk arises when shocks lead to states where a disruption in financial intermediation adversely affects the economy and feeds back into further disrupting financial intermediation. We present a macroeconomic model with a financial intermediary sector subject to an equity capital...
Persistent link: https://www.econbiz.de/10011506753
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Open Banking : Credit Market Competition When Borrowers Own the Data
He, Zhiguo; Huang, Jing; Zhou, Jidong - 2021
Open banking facilitates data sharing consented by customers who generate the data, with a regulatory goal of promoting competition between traditional banks and challenger fintech entrants. We study lending market competition when sharing banks’ customer data enables better borrower screening...
Persistent link: https://www.econbiz.de/10013250068
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Open Banking : Credit Market Competition When Borrowers Own the Data
He, Zhiguo; Huang, Jing; Zhou, Jidong - 2021
Open banking facilitates data sharing consented by customers who generate the data, with a regulatory goal of promoting competition between traditional banks and challenger fintech entrants. We study lending market competition when sharing banks' customer data enables better borrower screening...
Persistent link: https://www.econbiz.de/10013250348
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A Macroeconomic Framework for Quantifying Systemic Risk
He, Zhiguo - 2012
Systemic risk arises when shocks lead to states where a disruption in financial intermediation adversely affects the economy and feeds back into further disrupting financial intermediation. We present a macroeconomic model with a financial intermediary sector subject to an equity capital...
Persistent link: https://www.econbiz.de/10013099435
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A Macroeconomic Framework for Quantifying Systemic Risk
He, Zhiguo - 2014
Systemic risk arises when shocks lead to states where a disruption in financial intermediation adversely affects the economy and feeds back into further disrupting financial intermediation. We present a macroeconomic model with a financial intermediary sector subject to an equity capital...
Persistent link: https://www.econbiz.de/10013059098
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Information Span and Credit Market Competition
He, Zhiguo; Huang, Jing; Parlatore, Cecilia - National Bureau of Economic Research - 2024
precision (quality), capturing the emerging trend in fintech/non-bank lending where traditionally subjective ("soft … similar data processing systems possess hard signals about the borrower's hard fundamentals, and the specialized bank, who … fundamentals. We show that hardening soft information levels the playing field for the non-specialized bank by reducing its winner …
Persistent link: https://www.econbiz.de/10015145092
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A macroeconomic framework for quantifying systemic risk
He, Zhiguo; Krishnamurthy, Arvind - 2014
Persistent link: https://www.econbiz.de/10010254380
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A macroeconomic framework for quantifying systemic risk
He, Zhiguo; Krishnamurthy, Arvind - 2013 - This Draft: January 24, 2014
Systemic risk arises when shocks lead to states where a disruption in financial intermediation adversely affects the economy and feeds back into further disrupting financial intermediation. We present a macroeconomic model with a financial intermediary sector subject to an equity capital...
Persistent link: https://www.econbiz.de/10010256389
Cover Image
A macroeconomic framework for quantifying systemic risk
He, Zhiguo; Krishnamurthy, Arvind - 2012
Persistent link: https://www.econbiz.de/10009678263
Cover Image
A macroeconomic framework for quantifying systemic risk
He, Zhiguo; Krishnamurthy, Arvind - 2012 - This Draft: October 2, 2012
Systemic risk arises when shocks lead to states where a disruption in financial intermediation adversely affects the economy and feeds back into further disrupting financial intermediation. We present a macroeconomic model with a financial intermediary sector subject to an equity capital...
Persistent link: https://www.econbiz.de/10011590535