Systemic Risk and the Pursuit of Efficiency
Author
Abstract
Suggested Citation
DOI: 10.21144/eq1010103
Download full text from publisher
Other versions of this item:
- Kartik B. Athreya, 2009. "Systemic risk and the pursuit of efficiency," Annual Report, Federal Reserve Bank of Richmond, pages 4-20.
References listed on IDEAS
- De Bandt, Olivier & Hartmann, Philipp, 2000.
"Systemic risk: A survey,"
Working Paper Series
35, European Central Bank.
- de Bandt, Olivier & Hartmann, Philipp, 2000. "Systemic Risk: A Survey," CEPR Discussion Papers 2634, C.E.P.R. Discussion Papers.
- Stephen G. Cecchetti, 2009. "Crisis and Responses: The Federal Reserve in the Early Stages of the Financial Crisis," Journal of Economic Perspectives, American Economic Association, vol. 23(1), pages 51-75, Winter.
- Patrick Kehoe & V.V. Chari, 2010.
"Bailouts, Time Inconsistency, and Optimal Regulation,"
2010 Meeting Papers
527, Society for Economic Dynamics.
- V.V. Chari & Patrick J. Kehoe, 2013. "Bailouts, Time Inconsistency, and Optimal Regulation," NBER Working Papers 19192, National Bureau of Economic Research, Inc.
- V. V. Chari & Patrick J. Kehoe, 2013. "Bailouts, time inconsistency, and optimal regulation," Staff Report 481, Federal Reserve Bank of Minneapolis.
- Douglas W. Diamond & Philip H. Dybvig, 2000.
"Bank runs, deposit insurance, and liquidity,"
Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 24(Win), pages 14-23.
- Diamond, Douglas W & Dybvig, Philip H, 1983. "Bank Runs, Deposit Insurance, and Liquidity," Journal of Political Economy, University of Chicago Press, vol. 91(3), pages 401-419, June.
- Mark Aguiar & Erik Hurst, 2005. "Consumption versus Expenditure," Journal of Political Economy, University of Chicago Press, vol. 113(5), pages 919-948, October.
- Markus K. Brunnermeier, 2009. "Deciphering the Liquidity and Credit Crunch 2007-2008," Journal of Economic Perspectives, American Economic Association, vol. 23(1), pages 77-100, Winter.
- Townsend, Robert M., 1979.
"Optimal contracts and competitive markets with costly state verification,"
Journal of Economic Theory, Elsevier, vol. 21(2), pages 265-293, October.
- Robert M. Townsend, 1979. "Optimal contracts and competitive markets with costly state verification," Staff Report 45, Federal Reserve Bank of Minneapolis.
- Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 473-491, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Arantxa Jarque & David A. Price, 2015.
"Living Wills: A Tool for Curbing Too Big to Fail,"
Economic Quarterly, Federal Reserve Bank of Richmond, issue 1Q, pages 77-94.
- Arantxa Jarque & David A. Price, 2014. "Living Wills: A Tool for Curbing 'Too Big to Fail'," Annual Report, Federal Reserve Bank of Richmond, pages 5-17.
- Athreya, Kartik B., 2014. "Big Ideas in Macroeconomics: A Nontechnical View," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262019736, April.
- Andreas Richter & Thomas C. Wilson, 2020. "Covid-19: implications for insurer risk management and the insurability of pandemic risk," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 45(2), pages 171-199, September.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Athreya, Kartik B., 2014. "Big Ideas in Macroeconomics: A Nontechnical View," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262019736, April.
- Song Han & Dan Li, 2010.
"The fragility of discretionary liquidity provision - lessons from the collapse of the auction rate securities market,"
Finance and Economics Discussion Series
2010-50, Board of Governors of the Federal Reserve System (U.S.).
- Song Han & Dan Li, 2011. "The Fragility of Discretionary Liquidity Provision: Lessons from the Collapse of the Auction Rate Securities Market," Working Papers 052011, Hong Kong Institute for Monetary Research.
- Ariel Zetlin-Jones, "undated".
"Efficient Financial Crises,"
GSIA Working Papers
2014-E19, Carnegie Mellon University, Tepper School of Business.
- Ariel Zetlin-Jones, 2014. "Efficient Financial Crises," 2014 Meeting Papers 880, Society for Economic Dynamics.
- Zhixiong Zeng, 2013.
"A theory of the non-neutrality of money with banking frictions and bank recapitalization,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(2), pages 729-754, March.
- Zeng, Zhixiong, 2010. "A theory of the non-neutrality of money with banking frictions and bank recapitalization," MPRA Paper 24752, University Library of Munich, Germany.
- Zeng, Zhixiong, 2011. "A theory of the non-neutrality of money with banking frictions and bank recapitalization," MPRA Paper 33471, University Library of Munich, Germany.
- Ebrahimi Kahou, Mahdi & Lehar, Alfred, 2017.
"Macroprudential policy: A review,"
Journal of Financial Stability, Elsevier, vol. 29(C), pages 92-105.
- Mahdi Ebrahimi Kahou & Alfred Lehar, 2015. "Macroprudential Policy: A Review," SPP Research Papers, The School of Public Policy, University of Calgary, vol. 8(34), October.
- Ernesto Pasten, 2020.
"Prudential Policies and Bailouts: A Delicate Interaction,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 38, pages 181-197, October.
- Ernesto Pasten, 2019. "Prudential Policies and Bailouts - A Delicate Interaction," Working Papers Central Bank of Chile 853, Central Bank of Chile.
- Fatih Tuluk, 2019. "Shadow Banking, Capital Requirements and Monetary Policy," Working Papers 2019.05, International Network for Economic Research - INFER.
- Emmanuel Farhi & Jean Tirole, 2012.
"Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts,"
American Economic Review, American Economic Association, vol. 102(1), pages 60-93, February.
- Farhi, Emmanuel & Tirole, Jean, 2009. "Collective Moral Hazard, Maturity Mismatch and Systemic Bailouts," TSE Working Papers 09-052, Toulouse School of Economics (TSE), revised Oct 2010.
- Jean Tirole & Emmanuel Farhi, 2009. "Collective Moral Hazard, Maturity Mismatch and Systemic Bailouts," Working Papers 2009.57, Fondazione Eni Enrico Mattei.
- Emmanuel Farhi & Jean Tirole, 2009. "Collective Moral Hazard, Maturity Mismatch and Systemic Bailouts," NBER Working Papers 15138, National Bureau of Economic Research, Inc.
- Farhi, Emmanuel & Tirole, Jean, 2009. "Collective Moral Hazard, Maturity Mismatch and Systemic Bailouts," IDEI Working Papers 571, Institut d'Économie Industrielle (IDEI), Toulouse, revised Oct 2010.
- Jean Tirole & Emmanuel Farhi, 2010. "Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts," 2010 Meeting Papers 822, Society for Economic Dynamics.
- Farhi, Emmanuel & Tirole, Jean, 2009. "Collective Moral Hazard, Maturity Mismatch and Systemic Bailouts," Institutions and Markets Papers 52545, Fondazione Eni Enrico Mattei (FEEM).
- Josef Hollmayr & Michael Kuehl, 2016.
"Imperfect Information about Financial Frictions and Consequences for the Business Cycle,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 22, pages 179-207, October.
- Hollmayr, Josef & Kühl, Michael, 2015. "Imperfect information about financial frictions and consequences for the business cycle," Discussion Papers 07/2015, Deutsche Bundesbank.
- Josef Hollmayr & Michael Kuehl, 2016. "Online Appendix to "Imperfect Information about Financial Frictions and Consequences for the Business Cycle"," Online Appendices 15-131, Review of Economic Dynamics.
- Josef Hollmayr & Michael Kühl, 2016. "Code and data files for "Imperfect Information about Financial Frictions and Consequences for the Business Cycle"," Computer Codes 15-131, Review of Economic Dynamics.
- Keiichiro Kobayashi & Tomoyuki Nakajima, 2014.
"A macroeconomic model of liquidity crises,"
KIER Working Papers
876, Kyoto University, Institute of Economic Research.
- Keiichiro Kobayashi & Tomoyuki Nakajima, 2017. "A macroeconomic model of liquidity crises," CIGS Working Paper Series 17-010E, The Canon Institute for Global Studies.
- Keiichiro Kobayashi & Tomoyuki Nakajima, 2014. "A macroeconomic model of liquidity crises," UTokyo Price Project Working Paper Series 022, University of Tokyo, Graduate School of Economics.
- Keiichiro Kobayashi & Tomoyuki Nakajima, 2014. "A macroeconomic model of liquidity crises," CIGS Working Paper Series 14-003E, The Canon Institute for Global Studies.
- Brunnermeier, Markus K. & Oehmke, Martin, 2013.
"Bubbles, Financial Crises, and Systemic Risk,"
Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, volume 2, chapter 0, pages 1221-1288,
Elsevier.
- Markus K. Brunnermeier & Martin Oehmke, 2012. "Bubbles, Financial Crises, and Systemic Risk," NBER Working Papers 18398, National Bureau of Economic Research, Inc.
- Tamim Bayoumi & Giovanni Dell'Ariccia & Karl F Habermeier & Tommaso Mancini Griffoli & Fabian Valencia, 2014. "Monetary Policy in the New Normal," IMF Staff Discussion Notes 14/3, International Monetary Fund.
- Nelson, Edward, 2013.
"Friedman's monetary economics in practice,"
Journal of International Money and Finance, Elsevier, vol. 38(C), pages 59-83.
- Edward Nelson, 2011. "Friedman's monetary economics in practice," Finance and Economics Discussion Series 2011-26, Board of Governors of the Federal Reserve System (U.S.).
- Valentina Cioli & Alessandro Giannozzi, 2014. "Banche di credito cooperativo come leva di stabilit? finanziaria. Un?analisi comparata con le banche commerciali. Appendice," ECONOMIA E DIRITTO DEL TERZIARIO, FrancoAngeli Editore, vol. 2014(2), pages 239-268.
- Jeong-Bon Kim & Li Li & Mary L. Z. Ma & Frank M. Song, 2013. "CEO Option Compensation, Risk-Taking Incentives, and Systemic Risk in the Banking Industry," Working Papers 182013, Hong Kong Institute for Monetary Research.
- Keshab Bhattarai, 2015. "Financial Deepening and Economic Growth in Advanced and Emerging Economies," Review of Development Economics, Wiley Blackwell, vol. 19(1), pages 178-195, February.
- Silva, Walmir & Kimura, Herbert & Sobreiro, Vinicius Amorim, 2017. "An analysis of the literature on systemic financial risk: A survey," Journal of Financial Stability, Elsevier, vol. 28(C), pages 91-114.
- Keshab Bhattarai, 2015.
"Financial deepening and economic growth,"
Applied Economics, Taylor & Francis Journals, vol. 47(11), pages 1133-1150, March.
- Bhattarai, Keshab, 2013. "Financial Deepening and Economic Growth," MPRA Paper 48696, University Library of Munich, Germany.
- Ricardo Reis, 2009.
"Interpreting the Unconventional U.S. Monetary Policy of 2007-09,"
Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 40(2 (Fall)), pages 119-182.
- Ricardo Reis, 2010. "Interpreting the Unconventional U.S. Monetary Policy of 2007-09," NBER Working Papers 15662, National Bureau of Economic Research, Inc.
- Claudio Borio, 2011.
"Rediscovering the Macroeconomic Roots of Financial Stability Policy: Journey, Challenges, and a Way Forward,"
Annual Review of Financial Economics, Annual Reviews, vol. 3(1), pages 87-117, December.
- Claudio Borio, 2011. "Rediscovering the macroeconomic roots of financial stability policy: journey, challenges and a way forward," BIS Working Papers 354, Bank for International Settlements.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedreq:00027. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christian Pascasio (email available below). General contact details of provider: https://edirc.repec.org/data/frbrius.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.