future robustness. -- Contagion ; network models ; systemic risk ; liquidity risk ; financial crises …

financial crisis. If such liquidity risk exists and is undiversifiable, then loose monetary policy should be associated with a … risk premium. This paper tests for the existence of such a premium in US and global equity markets, in an asset pricing …

result is statistically significant. Controlling for risk tolerance heterogeneity yields identical results …

the U.S. would experience a sudden stop of capital flows, which would unavoidably drag the world economy into a deep … instead that the root imbalance was of a different kind: The entire world had an insatiable demand for safe debt instruments … of exposing the economy to a systemic panic. This structural problem can be alleviated if governments around the world …

article also examines how credit risk transfer and regulatory incentives to securitization will be re-assessed beyond the …