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Leverage and asset bubbles : averting armageddon with chapter 11?
Miller, Marcus; Stiglitz, Joseph E. - 2009
Persistent link: https://www.econbiz.de/10003887221
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Leverage and asset bubbles : averting Armageddon with Chapter 11?
Miller, Marcus; Stiglitz, Joseph E. - In: The economic journal : the journal of the Royal … 120 (2010), pp. 500-518
Persistent link: https://www.econbiz.de/10003969242
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Leverage and asset bubbles : averting Armageddon with Chapter 11?
Miller, Marcus; Stiglitz, Joseph E. - 2010
Persistent link: https://www.econbiz.de/10003958786
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Leverage and Asset Bubbles : Averting Armageddon with Chapter 11?
Miller, Marcus H. - 2010
An iconic model with high leverage and overvalued collateral assets is used to illustrate the amplification mechanism driving asset prices to 'overshoot' equilibrium when an asset bubble bursts--threatening widespread insolvency and what Richard Koo calls a 'balance sheet recession'. Besides...
Persistent link: https://www.econbiz.de/10013145248
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Leverage and Asset Bubbles : Averting Armageddon with Chapter 11?
Miller, Marcus - 2010
An iconic model with high leverage and overvalued collateral assets is used to illustrate the amplification mechanism driving asset prices to 'overshoot' equilibrium when an asset bubble bursts--threatening widespread insolvency and what Richard Koo calls a 'balance sheet recession'
Persistent link: https://www.econbiz.de/10012462797
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Liaisons dangereuses : increasing connectivity, risk sharing, and systemic risk
Battiston, Stefano; Delli Gatti, Domenico; Gallegati, Mauro - In: Journal of economic dynamics & control 36 (2012) 8, pp. 1121-1141
Persistent link: https://www.econbiz.de/10009634277
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The financial accelerator in an evolving credit network
Delli Gatti, Domenico; Gallegati, Mauro; Greenwald, … - In: Journal of economic dynamics & control 34 (2010) 9, pp. 1627-1650
Persistent link: https://www.econbiz.de/10009125844
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Capital markets and economic fluctuations in capitalist economies
Stiglitz, Joseph E. - In: European economic review : EER 36 (1992) 2, pp. 269-306
Persistent link: https://www.econbiz.de/10001122938
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Risk and Global Economic Architecture : Why Full Financial Integration May Be Undesirable
Stiglitz, Joseph E. - 2010
superior. The intuition is simple: if underlying technologies are not convex, then risk-sharing can lower expected utility. The … likelihood of a bankruptcy cascade, "contagion," and systemic risk …
Persistent link: https://www.econbiz.de/10013148101
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Risk and Global Economic Architecture : Why Full Financial Integration May Be Undesirable
Stiglitz, Joseph E. - 2010
superior. The intuition is simple: if underlying technologies are not convex, then risk-sharing can lower expected utility. The … likelihood of a bankruptcy cascade, "contagion," and systemic risk …
Persistent link: https://www.econbiz.de/10012462933