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Complexity and Financial Panics
Caballero, Ricardo J. - 2016
During extreme financial crises, all of a sudden, the financial world that was once rife with profit opportunities for financial institutions (banks, for short), becomes exceedingly complex. Confusion and uncertainty follow, ravaging financial markets and triggering massive flight-to-quality...
Persistent link: https://www.econbiz.de/10013009283
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A Dual Liquidity Model for Emerging Markets
Caballero, Ricardo J.; Krishnamurthy, Arvind - 2002
emerging economy, and those affecting borrowing from foreign lenders. This 'dual liquidity' model offers a parsimonious …
Persistent link: https://www.econbiz.de/10014110704
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A Dual Liquidity Model for Emerging Markets
Caballero, Ricardo J.; Krishnamurthy, Arvind - 2003
emerging economy, and those affecting borrowing from foreign lenders. This "dual liquidity" model offers a parsimonious …
Persistent link: https://www.econbiz.de/10014121253
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Liquidity Provision, Ambiguous Asset Returns and the Financial Crisis
Spanjers, Willem - 2019
banking sector offering deposit contracts. In a setting related to Allen and Gale (1998) properties of the optimal liquidity … combination of providing additional liquidity and supporting distressed financial institutions implements the regulatory policy …
Persistent link: https://www.econbiz.de/10012870681
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Exchange Rate Volatility and the Credit Channel in the Emerging Markets : A Vertical Perspective
Caballero, Ricardo J.; Krishnamurthy, Arvind - 2004
Firms in emerging markets are exposed to severe financial frictions and credit constraints, that are exacerbated by the sudden stop of capital inflows. Can monetary policy offset this external credit squeeze? We show that although this may be the case during moderate contractions (or in partial...
Persistent link: https://www.econbiz.de/10014071372
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Fire sales in a model of complexity
Caballero, Ricardo J.; Simek, Alp - 2009
Persistent link: https://www.econbiz.de/10003942535
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Fire Sales in a Model of Complexity
Caballero, Ricardo J. - 2009
Financial assets provide return and liquidity services to their holders. However, during severe financial crises many … asset prices plummet, destroying their liquidity provision function at the worst possible time. In this paper we present a … not control or understand. The liquidity of the market quickly vanishes and a financial crisis ensues. The model exhibits …
Persistent link: https://www.econbiz.de/10012463170
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Fire sales in a model of complexity
Caballero, Ricardo J.; Simsek, Alp - 2009
Persistent link: https://www.econbiz.de/10003904248
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Fire sales in a model of complexity
Caballero, Ricardo J.; Simser, Alp - In: The journal of finance : the journal of the American … 68 (2013) 6, pp. 2549-2587
Persistent link: https://www.econbiz.de/10010237379
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Fire Sales in a Model of Complexity
Caballero, Ricardo J. - 2009
Financial assets provide return and liquidity services to their holders. However, during severe financial crises many … asset prices plummet, destroying their liquidity provision function at the worst possible time. In this paper we present a … not control or understand. The liquidity of the market quickly vanishes and a financial crisis ensues. The model exhibits …
Persistent link: https://www.econbiz.de/10013155022