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A Macroeconomic Framework for Quantifying Systemic Risk

He, Zhiguo - 2014

Systemic risk arises when shocks lead to states where a disruption in financial intermediation adversely affects the economy and feeds back into further disrupting financial intermediation. We present a macroeconomic model with a financial intermediary sector subject to an equity capital...

Persistent link: https://www.econbiz.de/10012458779

Macroprudential policy and institutional arrangement

Abubakar, Arlyana; Setiawan, Yanti - In: Central Bank Policy Mix: Issues, Challenges, and Policy …, (pp. 93-108). 2022

Persistent link: https://www.econbiz.de/10013366544

Financial cycles with heterogeneous intermediaries

Coimbra, Nuno; Rey, Hélène - In: The review of economic studies : RES 91 (2024) 2, pp. 817-857

Persistent link: https://www.econbiz.de/10014528670

A macroeconomic framework for quantifying systemic risk

He, Zhiguo; Krishnamurthy, Arvind - 2012

Persistent link: https://www.econbiz.de/10009678263

The role of financial intermediaries in monetary policy transmission

Beck, Thorsten; Colciago, Andrea; Pfaijfar, Damjan - 2014

Persistent link: https://www.econbiz.de/10010346124

Monetary policy, sectoral comovement and the credit channel

Di Pace, Federico; Görtz, Christoph - 2021

Persistent link: https://www.econbiz.de/10012546900

Banking networks and economic growth: from idiosyncratic shocks to aggregate fluctuations

Kundu, Shohini; Vats, Nishant - 2021

This paper explores the transmission of non-capital shocks through banking networks. We develop a methodology to construct non-capital (idiosyncratic) shocks, using labor productivity shocks to large firms. We document a change in the relationship between foreign idiosyncratic shocks and...

Persistent link: https://www.econbiz.de/10012694566

Precautionary liquidity shocks, excess reserves and business cycles

Bratsiotis, George; Theodoridis, Konstantinos - 2020

Persistent link: https://www.econbiz.de/10012793438

Precautionary liquidity shocks, excess reserves and business cycles

Bratsiotis, George; Theodoridis, Konstantinos - 2020

This paper identifies a precautionary banking liquidity shock via a set of sign, zero and forecast variance … restrictions imposed. The shock proxies the reluctance of the banking sector to "lend" to the real economy induced by an exogenous … change in financial intermediaries' preference for "high" liquid assets. The identified shock has sizeable and state …

Persistent link: https://www.econbiz.de/10012483779

Financial development, credit, and business cycles

Pinheiro, Tiago; Rivadeneyra, Francisco; Teignier, Marc - In: Journal of money, credit and banking : JMCB 49 (2017) 7, pp. 1653-1665

Persistent link: https://www.econbiz.de/10011946666