Showing 111 - 120 of 636,066
Persistent link: https://www.econbiz.de/10008696124
Persistent link: https://www.econbiz.de/10008698182
We introduce banks, modeled as in Diamond and Rajan (JoF 2000 or JPE 2001), into a standard DSGE model and use this framework to study the role of banks in the transmission of shocks, the effects of monetary policy when banks are exposed to runs, and the interplay between monetary policy and...
Persistent link: https://www.econbiz.de/10003929248
Persistent link: https://www.econbiz.de/10003939546
Persistent link: https://www.econbiz.de/10003969756
Persistent link: https://www.econbiz.de/10003969949
Alan Greenspan’s paper (March 2010) presents his retrospective view of the crisis. His theme has several parts. First, the housing price bubble, its subsequent collapse and the financial crisis were not predicted either by the market, the FED, the IMF or the regulators in the years leading to...
Persistent link: https://www.econbiz.de/10003971912
Using the model of Rochet and Vives (2004), this note shows that a prudential regulator can in general not mitigate a bank’s failure risk solely by means of liquidity requirements. However, their effectiveness can be restored if, in addition, minimum capital requirements are met. This provides...
Persistent link: https://www.econbiz.de/10003973628
Persistent link: https://www.econbiz.de/10003975826
Persistent link: https://www.econbiz.de/10003976543