intermediation through MMFs allows investors to limit their exposure to a given bank (i.e., reap gains from diversifi cation … an MMF-intermediated financial system is the release of private information on bank assets, which is aggregated by MMFs … and could lead them to withdraw en masse from a bank. In addition, we show that MMF intermediation can also be a channel …

This paper presents a theory that explains why it is beneficial for banks to engage in circular lending activities on …

This paper proposes a stochastic model of a bipartite credit network between banks and the non-bank corporate sector … that encapsulates basic stylized facts found in comprehensive data sets for bank-firm loans for a number of countries. When …