emerging market crisis to capture an adverse supply shock to bank capital, we show, consistent with the bright-side, that …

the crisis. …

explanation for observed developments in the interbank market before and during the 2007-09 financial crisis (dramatic increases …

Credit rating agencies (CRAs) bear some responsibility for the financial crisis that started in 2007 and remains …, given the depth of the crisis, CRAs would not be able to satisfy policymakers by eliminating flaws in their rating methods … crisis, after the crisis started, politicians became increasingly vocal in demanding regulation. Initially, these demands …

financial crisis, we confirm that the steeply rising CDS spreads are due to increased credit risk. However, individual CDS … liquidity and market wide liquidity premia played a dominant role. In the period before the start of the crisis, our model and …

financial crisis and the global recession. This particularly applies to most of the complex structured financing forms whose …

explanation for observed developments in the interbank market before and during the 2007-09 financial crisis (dramatic increases … banks to restore interbank activity). We use the model to discuss various policy responses. - Financial crisis ; Interbank …

Credit rating agencies (CRAs) bear some responsibility for the financial crisis that started in 2007 and remains …, given the depth of the crisis, CRAs would not be able to satisfy policymakers by eliminating flaws in their rating methods … crisis, after the crisis started, politicians became increasingly vocal in demanding regulation. Initially, these demands …