The Interest Rate Brake on Maturity Transformation
Author
Abstract
Suggested Citation
DOI: 10.1080/00213624.2015.1105046
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Howden, David & Gabriel, Amadeus, 2015. "The Interest Rate Brake on Maturity Transformation," MPRA Paper 79793, University Library of Munich, Germany.
- David Howden & Amadeus Gabriel, 2015. "The Interest Rate Brake on Maturity Transformation," Post-Print hal-02634047, HAL.
References listed on IDEAS
- David Howden, 2010.
"Knowledge shifts and the business cycle: When boom turns to bust,"
The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 23(2), pages 165-182, June.
- Howden, David, 2010. "Knowledge Shifts and the Business Cycle: When Boom Turns to Bust," MPRA Paper 79591, University Library of Munich, Germany.
- George G. Kaufman, 1996. "Bank failures, systemic risk, and bank regulation," Working Paper Series, Issues in Financial Regulation WP-96-1, Federal Reserve Bank of Chicago.
- 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.
- 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.
- 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," TSE Working Papers 09-052, Toulouse School of Economics (TSE), revised Oct 2010.
- 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.
- Farhi, Emmanuel & Tirole, Jean, 2009. "Collective Moral Hazard, Maturity Mismatch and Systemic Bailouts," Institutions and Markets Papers 52545, Fondazione Eni Enrico Mattei (FEEM).
- Jean Tirole & Emmanuel Farhi, 2010. "Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts," 2010 Meeting Papers 822, Society for Economic Dynamics.
- Jean Tirole & Emmanuel Farhi, 2009. "Collective Moral Hazard, Maturity Mismatch and Systemic Bailouts," Working Papers 2009.57, Fondazione Eni Enrico Mattei.
- Williams, Jeffrey C, 1984. "Fractional Reserve Banking in Grain," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 16(4), pages 488-496, November.
- Bhattacharya, Sudipto & Boot, Arnoud W A & Thakor, Anjan V, 1998.
"The Economics of Bank Regulation,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 30(4), pages 745-770, November.
- Bhattacharya, Sudipto & Boot, Arnoud W.A. & Thakor, Anjan V., 1995. "The economics of bank regulation," DEE - Working Papers. Business Economics. WB 7082, Universidad Carlos III de Madrid. Departamento de EconomÃa de la Empresa.
- Bhattacharya, S. & Boot, A.W.A. & Thakor, A.V., 1995. "The Economics of Bank Regulation," Papers 9516, Centro de Estudios Monetarios Y Financieros-.
- Sudipto Bhattacharya & W. Arnoud & A. Boot & Anjan V. Thakor, 1995. "The Economics of Bank Regulation," Working Papers wp1995_9516, CEMFI.
- 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.
- Maurice Obstfeld & Jay C. Shambaugh & Alan M. Taylor, 2009.
"Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008,"
American Economic Review, American Economic Association, vol. 99(2), pages 480-486, May.
- Maurice Obstfeld & Jay C. Shambaugh & Alan M. Taylor, 2009. "Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008," NBER Working Papers 14826, National Bureau of Economic Research, Inc.
- Philipp Bagus & David Howden & Walter Block, 2013.
"Deposits, Loans, and Banking: Clarifying the Debate,"
American Journal of Economics and Sociology, Wiley Blackwell, vol. 72(3), pages 627-644, July.
- Bagus, Philipp & Howden, David & Block, Walter, 2013. "Deposits, Loans and Banking: Clarifying the Debate," MPRA Paper 79598, University Library of Munich, Germany.
- Xavier Freixas & Jean-Charles Rochet, 2008. "Microeconomics of Banking, 2nd Edition," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262062704, April.
- Philipp Bagus & David Howden, 2012. "The Continuing Continuum Problem of Deposits and Loans," Journal of Business Ethics, Springer, vol. 106(3), pages 295-300, March.
- David Howden, 2013.
"Separating the Wheat from the Chaff: Icelandic and Irish Policy Responses to the Banking Crisis,"
Economic Affairs, Wiley Blackwell, vol. 33(3), pages 348-360, October.
- Howden, David, 2013. "Separating the Wheat from the Chaff: Icelandic and Irish Policy Responses to the Banking Crisis," MPRA Paper 79600, University Library of Munich, Germany.
- Guillermo A. Calvo, 1998.
"Capital Flows and Capital-Market Crises: The Simple Economics of Sudden Stops,"
Journal of Applied Economics, Universidad del CEMA, vol. 1, pages 35-54, November.
- Guillermo A. Calvo, 1998. "CAPITAL FLOWS AND CAPITAL-MARKET CRISES: The Simple Economics of Sudden Stops," Journal of Applied Economics, Taylor & Francis Journals, vol. 1(1), pages 35-54, November.
- Philipp Bagus & David Howden & Amadeus Gabriel, 2015.
"Oil and Water Do Not Mix, or: Aliud Est Credere, Aliud Deponere,"
Journal of Business Ethics, Springer, vol. 128(1), pages 197-206, April.
- Bagus, Philipp & Howden, David & Gabriel, Amadeus, 2015. "Oil and water do not mix, or: aliud est credere, aliud deponere," MPRA Paper 79789, University Library of Munich, Germany.
- Philipp Bagus & David Howden & Amadeus Gabriel, 2015. "Oil and Water Do Not Mix, or: Aliud Est Credere, Aliud Deponere," Post-Print hal-02633361, HAL.
- Benston, George J & Kaufman, George G, 1996. "The Appropriate Role of Bank Regulation," Economic Journal, Royal Economic Society, vol. 106(436), pages 688-697, May.
- Philipp Bagus & David Howden, 2009.
"The Legitimacy of Loan Maturity Mismatching: A Risky, but not Fraudulent, Undertaking,"
Journal of Business Ethics, Springer, vol. 90(3), pages 399-406, December.
- Bagus, Philipp & Howden, David, 2009. "The Legitimacy of Loan Maturity Mismatching: A Risky, But Not Fraudulent, Undertaking," MPRA Paper 79589, University Library of Munich, Germany.
- Philipp Bagus & David Howden, 2012.
"Still unanswered quibbles with fractional reserve free banking,"
The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 25(2), pages 159-171, June.
- Bagus, Philipp & Howden, David, 2012. "Still Unanswered Quibbles with Fractional Reserve Free Banking," MPRA Paper 79596, University Library of Munich, Germany.
- Bagus, Philipp & Howden, David, 2010. "The Term Structure of Savings, the Yield Curve, and Maturity Mismatching," MPRA Paper 79592, University Library of Munich, Germany.
- Hyun Song Shin, 2009. "Reflections on Northern Rock: The Bank Run That Heralded the Global Financial Crisis," Journal of Economic Perspectives, American Economic Association, vol. 23(1), pages 101-119, Winter.
- Bagus, Philipp & Howden, David, 2013. "Some Ethical Dilemmas with Modern Banking," MPRA Paper 79599, University Library of Munich, Germany.
- George G. Kaufman, 1996. "Bank Failures, Systemic Risk, and Bank Regulation," Cato Journal, Cato Journal, Cato Institute, vol. 16(1), pages 17-45, Spring/Su.
- Jongchul Kim, 2013. "Modern Politics as a Trust Scheme and Its Relevance to Modern Banking," Journal of Economic Issues, Taylor & Francis Journals, vol. 47(4), pages 807-826.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Philipp Bagus & David Howden & Jesús Huerta de Soto Ballester, 2018.
"Entrepreneurial Error Does Not Equal Market Failure,"
Journal of Business Ethics, Springer, vol. 149(2), pages 433-441, May.
- Bagus, Philipp & Howden, David & Huerta de Soto Ballester, Jesús, 2018. "Entrepreneurial Error Does Not Equal Market Failure," MPRA Paper 86706, University Library of Munich, Germany.
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.- Philipp Bagus & David Howden & Jesús Huerta de Soto Ballester, 2018.
"Entrepreneurial Error Does Not Equal Market Failure,"
Journal of Business Ethics, Springer, vol. 149(2), pages 433-441, May.
- Bagus, Philipp & Howden, David & Huerta de Soto Ballester, Jesús, 2018. "Entrepreneurial Error Does Not Equal Market Failure," MPRA Paper 86706, University Library of Munich, Germany.
- Philipp Bagus & David Howden, 2016.
"The economic and legal significance of “full” deposit availability,"
European Journal of Law and Economics, Springer, vol. 41(1), pages 243-254, February.
- Bagus, Philipp & Howden, David, 2016. "The Economic and Legal Significance of “Full” Deposit Availability," MPRA Paper 79804, University Library of Munich, Germany.
- Philipp Bagus & David Howden & Amadeus Gabriel, 2017.
"The Hubris of Hybrids,"
Journal of Business Ethics, Springer, vol. 145(2), pages 373-382, October.
- Bagus, Philipp & Howden, David & Gabriel, Amadeus, 2017. "The Hubris of Hybrids," MPRA Paper 84832, University Library of Munich, Germany.
- Philipp Bagus & David Howden & Amadeus Gabriel, 2017. "The Hubris of Hybrids," Post-Print hal-02634024, HAL.
- Philipp Bagus & David Howden & Amadeus Gabriel, 2015.
"Oil and Water Do Not Mix, or: Aliud Est Credere, Aliud Deponere,"
Journal of Business Ethics, Springer, vol. 128(1), pages 197-206, April.
- Bagus, Philipp & Howden, David & Gabriel, Amadeus, 2015. "Oil and water do not mix, or: aliud est credere, aliud deponere," MPRA Paper 79789, University Library of Munich, Germany.
- Philipp Bagus & David Howden & Amadeus Gabriel, 2015. "Oil and Water Do Not Mix, or: Aliud Est Credere, Aliud Deponere," Post-Print hal-02633361, HAL.
- Goldstein, Itay & Razin, Assaf, 2015.
"Three Branches of Theories of Financial Crises,"
Foundations and Trends(R) in Finance, now publishers, vol. 10(2), pages 113-180, 30.
- Itay Goldstein & Assaf Razin, 2013. "Three Branches of Theories of Financial Crises," NBER Working Papers 18670, National Bureau of Economic Research, Inc.
- Bagus, Philipp & Howden, David, 2010. "The Term Structure of Savings, the Yield Curve, and Maturity Mismatching," MPRA Paper 79592, University Library of Munich, Germany.
- Bagus, Philipp & Howden, David, 2013. "Some Ethical Dilemmas with Modern Banking," MPRA Paper 79599, University Library of Munich, Germany.
- Laura Davidson, 2015. "Ethical Differences Between Loan Maturity Mismatching and Fractional Reserve Banking: A Natural Law Approach," Journal of Business Ethics, Springer, vol. 131(1), pages 9-18, September.
- Philipp Bagus & David Howden, 2023. "Consumer rights and banking contracts," Journal of Banking Regulation, Palgrave Macmillan, vol. 24(1), pages 105-114, March.
- Bagus, Philipp & Gabriel, Amadeus & Howden, David, 2014.
"Causes and Consequences of Inflation,"
MPRA Paper
79608, University Library of Munich, Germany.
- Philipp Bagus & David Howden & Amadeus Gabriel, 2014. "Causes and Consequences of Inflation," Post-Print hal-02634016, HAL.
- Anatoli Segura & Javier Suarez, 2017.
"How Excessive Is Banks’ Maturity Transformation?,"
The Review of Financial Studies, Society for Financial Studies, vol. 30(10), pages 3538-3580.
- Suarez, Javier & Segura, Anatoli, 2016. "How Excessive Is Banks' Maturity Transformation?," CEPR Discussion Papers 11111, C.E.P.R. Discussion Papers.
- Anatoli Segura & Javier Suarez, 2016. "How Excessive is Banks’ Maturity Transformation?," Working Papers wp2016_1602, CEMFI, revised Sep 2016.
- Anatoli Segura & Javier Suarez, 2016. "How excessive is banks’ maturity transformation?," Temi di discussione (Economic working papers) 1065, Bank of Italy, Economic Research and International Relations Area.
- Segura, Anatoli & Suarez, Javier, 2016. "How excessive is banks’ maturity transformation?," ESRB Working Paper Series 3, European Systemic Risk Board.
- Xavier Vives, 2014.
"Strategic Complementarity, Fragility, and Regulation,"
The Review of Financial Studies, Society for Financial Studies, vol. 27(12), pages 3547-3592.
- Vives, Xavier, 2011. "Strategic complementarity, fragility, and regulation," IESE Research Papers D/928, IESE Business School.
- Xavier Vives, 2012. "Strategic Complementarity, Fragility, and Regulation," 2012 Meeting Papers 789, Society for Economic Dynamics.
- Vives, Xavier, 2011. "Strategic Complementarity, Fragility, and Regulation," CEPR Discussion Papers 8444, C.E.P.R. Discussion Papers.
- Xavier Vives, 2011. "Strategic Complementarity, Fragility, and Regulation," CESifo Working Paper Series 3507, CESifo.
- Anatoli Segura & Javier Suarez, 2017.
"How Excessive Is Banks’ Maturity Transformation?,"
Review of Financial Studies, Society for Financial Studies, vol. 30(10), pages 3538-3580.
- Segura, Anatoli & Suarez, Javier, 2016. "How Excessive Is Banks' Maturity Transformation?," CEPR Discussion Papers 11111, C.E.P.R. Discussion Papers.
- Anatoli Segura & Javier Suarez, 2016. "How excessive is banks’ maturity transformation?," ESRB Working Paper Series 03, European Systemic Risk Board.
- Anatoli Segura & Javier Suarez, 2016. "How excessive is banks’ maturity transformation?," Temi di discussione (Economic working papers) 1065, Bank of Italy, Economic Research and International Relations Area.
- Anatoli Segura & Javier Suarez, 2016. "How Excessive is Banks’ Maturity Transformation?," Working Papers wp2016_1602, CEMFI, revised Sep 2016.
- Bosch-Rosa, Ciril, 2018.
"That's how we roll: An experiment on rollover risk,"
Journal of Economic Behavior & Organization, Elsevier, vol. 145(C), pages 495-510.
- Bosch-Rosa, Ciril, 2014. "That's how we roll: An experiment on rollover risk," SFB 649 Discussion Papers 2014-048, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
- Anthony Evans, 2014. "In Defence of ‘Demand’ Deposits: Contractual Solutions to the Barnett and Block, and Bagus and Howden Debate," Journal of Business Ethics, Springer, vol. 124(2), pages 351-364, October.
- Guillaume Vuillemey, 2015. "Derivatives markets : from bank risk management to financial stability [Les marchés de dérivés : gestion des risques bancaires et stabilité financière]," SciencePo Working papers Main tel-03507099, HAL.
- Philipp Bagus & Amadeus Gabriel & David Howden, 2016.
"Reassessing the Ethicality of Some Common Financial Practices,"
Journal of Business Ethics, Springer, vol. 136(3), pages 471-480, July.
- Bagus, Philipp & Gabriel, Amadeus & Howden, David, 2016. "Reassessing the Ethicality of Some Common Financial Practices," MPRA Paper 79800, University Library of Munich, Germany.
- Philipp Bagus & Amadeus Gabriel & David Howden, 2016. "Reassessing the Ethicality of Some Common Financial Practices," Post-Print hal-02634005, HAL.
- Bagus, Philipp & Howden, David, 2016. "Central Bank Balance Sheet Analysis," MPRA Paper 79801, University Library of Munich, Germany.
- Liu, Keqing, 2016.
"Bank equity and macroprudential policy,"
Journal of Economic Dynamics and Control, Elsevier, vol. 73(C), pages 1-17.
- Keqing Liu, 2015. "Bank Equity and Macroprudential Policy," Discussion Papers 1503, University of Exeter, Department of Economics.
- Philipp Bagus & Amadeus Gabriel & David Howden, 2018.
"On the Necessary and Sufficient Conditions for Legitimate Banking Contracts,"
Journal of Business Ethics, Springer, vol. 147(3), pages 669-678, February.
- Bagus, Philipp & Gabriel, Amadeus & Howden, David, 2018. "On the Necessary and Sufficient Conditions for Legitimate Banking Contracts," MPRA Paper 84833, University Library of Munich, Germany.
- Philipp Bagus & Amadeus Gabriel & David Howden, 2018. "On the Necessary and Sufficient Conditions for Legitimate Banking Contracts," Post-Print hal-02634058, HAL.
More about this item
JEL classification:
- G2 - Financial Economics - - Financial Institutions and Services
- G20 - Financial Economics - - Financial Institutions and Services - - - General
- K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
Statistics
Access and download statisticsCorrections
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:mes:jeciss:v:49:y:2015:i:4:p:1100-1111. 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MJEI20 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.