Showing 1 - 10 of 15,232
Persistent link: https://www.econbiz.de/10001199066
liquidity and solvency shocks. Extending the work by Cao & Illing (2009a, b), it is shown that systemic liquidity shortage … extra cost for banking regulation and makes some schemes that are optimal under pure illiquidity risks (such as liquidity …
Persistent link: https://www.econbiz.de/10003952099
Persistent link: https://www.econbiz.de/10013002918
Persistent link: https://www.econbiz.de/10009355849
Persistent link: https://www.econbiz.de/10013002875
How does bankruptcy affect the dynamics of aggregate consumption? We quantify the trade-off between the insurance and creditworthiness effects of bankruptcy in response to tighter credit. We show that bankruptcy dampens the effect of tighter credit on aggregate consumption on impact because it...
Persistent link: https://www.econbiz.de/10013330698
Persistent link: https://www.econbiz.de/10001657894
Persistent link: https://www.econbiz.de/10014364403
Persistent link: https://www.econbiz.de/10010199122
Persistent link: https://www.econbiz.de/10003868052