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The present monetary theory of advanced inflation : a failure?

Bernholz, Peter - In: Journal of institutional and theoretical economics : JITE 148 (1992) 4, pp. 705-719

Persistent link: https://www.econbiz.de/10001135073

Free banking and Walrasian outcomes

Gersbach, Hans - 1998

Persistent link: https://www.econbiz.de/10013453279

Default correlations, macroeconomic risk and credit portfolio management

Gersbach, Hans; Lipponer, Alexander - 1999

Persistent link: https://www.econbiz.de/10001475214

Liquidity creation, efficiency, and free banking

Gersbach, Hans - In: Journal of financial intermediation 7 (1998) 1, pp. 91-118

Persistent link: https://www.econbiz.de/10001246941

Default Risk in Stochastic Volatility Models

Gersbach, Hans - 2010

We consider a stochastic volatility model of the mean-reverting type to describe the evolution of a firm's values instead of the classical approach by Merton with geometric Brownian motions. We develop an analytical expression for the default probability. Our simulation results indicate that the...

Persistent link: https://www.econbiz.de/10013138808

Enough liquidity with enough capital - and vice versa?

Gersbach, Hans; Haller, Hans; Zelzner, Sebastian - 2023

We study the interplay of capital and liquidity regulation in a general equilibrium setting by focusing on future … default coexist, and bank default is a self-fulfilling prophecy. Capital and liquidity regulation can prevent bank default and … liquidity regulation. Adding liquidity regulation to optimal capital regulation is redundant. …

Persistent link: https://www.econbiz.de/10014366762

Enough liquidity with enough capital : and vice versa?

Gersbach, Hans; Haller, Hans; Zelzner, Sebastian - 2024

Persistent link: https://www.econbiz.de/10014533400

Money creation and destruction

Faure, Salomon; Gersbach, Hans - 2016 - This version: October 2016

We study money creation and destruction in today's monetary architecture and examine the impact of monetary policy and capital regulation in a general equilibrium setting. There are two types of money created and destructed: bank deposits, when banks grant loans to firms or to other banks and...

Persistent link: https://www.econbiz.de/10011557571

Loanable funds versus money creation in banking : a benchmark result

Faure, Salomon A.; Gersbach, Hans - In: Journal of economics 135 (2022) 2, pp. 107-149

Persistent link: https://www.econbiz.de/10013172808

Money creation and destruction

Faure, Salomon; Gersbach, Hans - 2017

We study money creation and destruction in today's monetary architecture within a general equilibrium setting. Two types of money are created and destructed: bank deposits, when banks grant loans to firms or to other banks, and central bank money, when the central bank grants loans to private...

Persistent link: https://www.econbiz.de/10011688423

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