Cheap but flighty: how global imbalances create financial fragility
Author
Abstract
Suggested Citation
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:
- Enrico Perotti & Toni Ahnert, 2015. "Cheap but Flighty: How Global Imbalances create Financial Fragility," Tinbergen Institute Discussion Papers 15-036/IV/DSF89, Tinbergen Institute.
- Toni Ahnert & Enrico Perotti, 2015. "Cheap But Flighty: How Global Imbalances Create Financial Fragility," Staff Working Papers 15-33, Bank of Canada.
References listed on IDEAS
- Nicola Gennaioli & Andrei Shleifer & Robert W. Vishny, 2013.
"A Model of Shadow Banking,"
Journal of Finance, American Finance Association, vol. 68(4), pages 1331-1363, August.
- Nicola Gennaioli & Andrei Shleifer & Robert W. Vishny, "undated". "A Model of Shadow Banking," Working Paper 19521, Harvard University OpenScholar.
- Nicola Gennaioli, 2012. "A Model of Shadow Banking," 2012 Meeting Papers 89, Society for Economic Dynamics.
- Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2011. "A model of shadow banking," Economics Working Papers 1283, Department of Economics and Business, Universitat Pompeu Fabra, revised May 2012.
- Nicola Gennaioli & Andrei Shleifer & Robert W. Vishny, 2011. "A Model of Shadow Banking," NBER Working Papers 17115, National Bureau of Economic Research, Inc.
- Nicola Gennaioli & Andrei Shleifer & Robert Vishny, 2012. "A Model of Shadow Banking," Working Papers 576, Barcelona School of Economics.
- Gennaioli, Nicola & Shleifer, Andrei & Vishny, Robert W., 2013. "A Model of Shadow Banking," Scholarly Articles 11688792, Harvard University Department of Economics.
- Jordà, Òscar & Schularick, Moritz & Taylor, Alan M., 2015.
"Betting the house,"
Journal of International Economics, Elsevier, vol. 96(S1), pages 2-18.
- Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2014. "Betting the House," NBER Chapters, in: NBER International Seminar on Macroeconomics 2014, pages 2-18, National Bureau of Economic Research, Inc.
- Taylor, Alan M. & Schularick, Moritz & Jordà , Òscar, 2014. "Betting the House," CEPR Discussion Papers 10305, C.E.P.R. Discussion Papers.
- Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2014. "Betting the House," Working Paper Series 2014-28, Federal Reserve Bank of San Francisco.
- Òscar Jordà & Moritz HP. Schularick & Alan M. Taylor, 2014. "Betting the House," NBER Working Papers 20771, National Bureau of Economic Research, Inc.
- Oscar Jorda & Moritz Schularick & Alan M. Taylor, 2014. "Betting the House," Working Papers 312014, Hong Kong Institute for Monetary Research.
- Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2014. "Betting the House," CESifo Working Paper Series 5147, CESifo.
- Arvind Krishnamurthy & Annette Vissing-Jorgensen, 2012.
"The Aggregate Demand for Treasury Debt,"
Journal of Political Economy, University of Chicago Press, vol. 120(2), pages 233-267.
- Annette Vissing-Jorgensen & Arvind Krishnamurthy, 2008. "The Aggregate Demand for Treasury Debt," 2008 Meeting Papers 713, Society for Economic Dynamics.
- Abel, Andrew B, 1990.
"Asset Prices under Habit Formation and Catching Up with the Joneses,"
American Economic Review, American Economic Association, vol. 80(2), pages 38-42, May.
- Andrew B. Abel, "undated". "Asset Prices Under Habit Formation and Catching Up With the Jones," Rodney L. White Center for Financial Research Working Papers 1-90, Wharton School Rodney L. White Center for Financial Research.
- Abel, A.B., 1990. "Asset Prices Under Habit Formation And Catching Up With The Joneses," Weiss Center Working Papers 1-90, Wharton School - Weiss Center for International Financial Research.
- Andrew B. Abel, "undated". "Asset Prices Under Habit Formation and Catching Up With the Jones," Rodney L. White Center for Financial Research Working Papers 01-90, Wharton School Rodney L. White Center for Financial Research.
- A. Abel, 2010. "Asset prices under habit formation and catching up with the Jones," Levine's Working Paper Archive 1395, David K. Levine.
- Andrew B. Abel, 1990. "Asset Prices under Habit Formation and Catching up with the Joneses," NBER Working Papers 3279, National Bureau of Economic Research, Inc.
- Jeremy C. Stein, 2012. "Monetary Policy as Financial Stability Regulation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 127(1), pages 57-95.
- Gary Gorton & Stefan Lewellen & Andrew Metrick, 2012.
"The Safe-Asset Share,"
American Economic Review, American Economic Association, vol. 102(3), pages 101-106, May.
- Gary B. Gorton & Stefan Lewellen & Andrew Metrick, 2012. "The Safe-Asset Share," NBER Working Papers 17777, National Bureau of Economic Research, Inc.
- Enrico Perotti & Javier Suarez, 2011.
"A Pigovian Approach to Liquidity Regulation,"
International Journal of Central Banking, International Journal of Central Banking, vol. 7(4), pages 3-41, December.
- Perotti, Enrico C & Suarez, Javier, 2011. "A Pigovian Approach to Liquidity Regulation," CEPR Discussion Papers 8271, C.E.P.R. Discussion Papers.
- Enrico Perotti & Javier Suarez, 2011. "A Pigovian Approach to Liquidity Regulation," DNB Working Papers 291, Netherlands Central Bank, Research Department.
- Enrico Perotti & Javier Suarez, 2011. "A Pigovian Approach to Liquidity Regulation," Tinbergen Institute Discussion Papers 11-040/2/DSF15, Tinbergen Institute.
- Eswar S. Prasad & Raghuram G. Rajan & Arvind Subramanian, 2007.
"Foreign Capital and Economic Growth,"
Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 38(1), pages 153-230.
- Eswar S. Prasad & Raghuram G. Rajan & Arvind Subramanian, 2007. "Foreign Capital and Economic Growth," NBER Working Papers 13619, National Bureau of Economic Research, Inc.
- Prasad, Eswar & Rajan, Raghuram G. & Subramanian, Arvind, 2007. "Foreign Capital and Economic Growth," IZA Discussion Papers 3186, Institute of Labor Economics (IZA).
- Oliver Hart & John Moore, 1998.
"Default and Renegotiation: A Dynamic Model of Debt,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 113(1), pages 1-41.
- Hart, O. & Moore, J., 1989. "Default And Renegotiation: A Dynamic Model Of Debt," Working papers 520, Massachusetts Institute of Technology (MIT), Department of Economics.
- Oliver Hart & John Moore, 1997. "Default and Renegotiation: A Dynamic Model of Debt," Harvard Institute of Economic Research Working Papers 1792, Harvard - Institute of Economic Research.
- Oliver Hart & John Moore, 1997. "Default and Renegotiation: A Dynamic Model of Debt," NBER Working Papers 5907, National Bureau of Economic Research, Inc.
- Oliver Hart & John Moore, 1997. "Default and Renegotiation: A Dynamic Model of Debt," STICERD - Theoretical Economics Paper Series 321, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Lucas, Robert E, Jr, 1990. "Why Doesn't Capital Flow from Rich to Poor Countries?," American Economic Review, American Economic Association, vol. 80(2), pages 92-96, May.
- Ricardo J. Caballero & Arvind Krishnamurthy, 2009.
"Global Imbalances and Financial Fragility,"
American Economic Review, American Economic Association, vol. 99(2), pages 584-588, May.
- Ricardo J. Caballero & Arvind Krishnamurthy, 2009. "Global Imbalances and Financial Fragility," NBER Working Papers 14688, National Bureau of Economic Research, Inc.
- Ricardo J. Caballero & Emmanuel Farhi, 2013.
"A Model of the Safe Asset Mechanism (SAM): Safety Traps and Economic Policy,"
Working Paper
70936, Harvard University OpenScholar.
- Ricardo J. Caballero & Emmanuel Farhi, 2013. "A Model of the Safe Asset Mechanism (SAM): Safety Traps and Economic Policy," NBER Working Papers 18737, National Bureau of Economic Research, Inc.
- 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.
- John Y. Campbell & John Cochrane, 1999.
"Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior,"
Journal of Political Economy, University of Chicago Press, vol. 107(2), pages 205-251, April.
- John Y. Campbell & John H. Cochrane, 1994. "By force of habit: a consumption-based explanation of aggregate stock market behavior," Working Papers 94-17, Federal Reserve Bank of Philadelphia.
- John Y. Campbell & John H. Cochrane, 1995. "By Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior," NBER Working Papers 4995, National Bureau of Economic Research, Inc.
- John Y. Campbell & John H. Cochrane, 1994. "By Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior," CRSP working papers 412, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
- Campbell, John & Cochrane, John H., 1999. "By Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior," Scholarly Articles 3119444, Harvard University Department of Economics.
- Forbes, Kristin J., 2010.
"Why do foreigners invest in the United States?,"
Journal of International Economics, Elsevier, vol. 80(1), pages 3-21, January.
- Kristin J. Forbes, 2008. "Why do foreigners invest in the United States?," Working Paper Series 2008-27, Federal Reserve Bank of San Francisco.
- Kristin J. Forbes, 2008. "Why Do Foreigners Invest in the United States?," 2008 Meeting Papers 387, Society for Economic Dynamics.
- Kristin J. Forbes, 2008. "Why do Foreigners Invest in the United States?," NBER Working Papers 13908, National Bureau of Economic Research, Inc.
- Douglas W. Diamond & Raghuram G. Rajan, 2001.
"Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking,"
Journal of Political Economy, University of Chicago Press, vol. 109(2), pages 287-327, April.
- Douglas W. Diamond & Raghuram G. Rajan, 1998. "Liquidity risk, liquidity creation and financial fragility: a theory of banking," Proceedings, Federal Reserve Bank of San Francisco, issue Sep.
- Douglas W. Diamond & Raghuram G. Rajan, "undated". "Liquidity Risk, Liquidity Creation and Financial Fragility: A Theory of Banking," CRSP working papers 476, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
- Douglas W. Diamond & Raghuram G. Rajan, 1999. "Liquidity Risk, Liquidity Creation and Financial Fragility: A Theory of Banking," NBER Working Papers 7430, National Bureau of Economic Research, Inc.
- Ricardo J. Caballero & Emmanuel Farhi & Pierre-Olivier Gourinchas, 2008.
"An Equilibrium Model of "Global Imbalances" and Low Interest Rates,"
American Economic Review, American Economic Association, vol. 98(1), pages 358-393, March.
- Caballero, Ricardo J & Farhi, Emmanuel & Gourinchas, Pierre-Olivier, 2006. "An Equilibrium Model of "Global Imbalances" and Low Interest Rates," Department of Economics, Working Paper Series qt7xc0g8mm, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Ricardo J. Caballero & Emmanuel Farhi & Pierre-Olivier Gourinchas, 2006. "An Equilibrium Model of "Global Imbalances" and Low Interest Rates," NBER Working Papers 11996, National Bureau of Economic Research, Inc.
- Caballero, Ricardo J & Farhi, Emmanuel & Gourinchas, Pierre-Olivier, 2006. "An Equilibrium Model of "Global Imbalances" and Low Interest Rates," Center for International and Development Economics Research, Working Paper Series qt7xc0g8mm, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley.
- Caballero, Ricardo & Gourinchas, Pierre-Olivier & Farhi, Emmanuel, 2006. "An Equilibrium Model of 'Global Imbalances' and Low Interest Rates," CEPR Discussion Papers 5573, C.E.P.R. Discussion Papers.
- Ricardo J. Caballero & Emmanuel Farhi & Pierre-Olivier Gourinchas, 2006. "An Equilibrium Model of Global Imbalances and Low Interest Rates," 2006 Meeting Papers 894, Society for Economic Dynamics.
- Ricardo J Caballero & Emmanuel Farhi & Pierre-Olivier Gourinchas, 2006. "An equilibrum model of "global imbalances" and low interest rates," BIS Working Papers 222, Bank for International Settlements.
- Caballero, Ricardo J. & Farhi, Emmanuel & Gourinchas, Pierre-Olivier, 2008. "An Equilibrium Model of "Global Imbalances" and Low Interest Rates," Scholarly Articles 3229094, Harvard University Department of Economics.
- Jean Tirole, 2003.
"Inefficient Foreign Borrowing: A Dual- and Common-Agency Perspective,"
American Economic Review, American Economic Association, vol. 93(5), pages 1678-1702, December.
- Jean Tirole, 2003. "Inefficient Foreign Borrowing: A Dual-and Common-Agency Perspective," Levine's Working Paper Archive 506439000000000136, David K. Levine.
- Allen, Franklin & Carletti, Elena & Marquez, Robert, 2015.
"Deposits and bank capital structure,"
Journal of Financial Economics, Elsevier, vol. 118(3), pages 601-619.
- Franklin Allen & Elena Carletti & Robert Marquez, 2013. "Deposits and Bank Capital Structure," NBER Chapters, in: New Perspectives on Corporate Capital Structure, National Bureau of Economic Research, Inc.
- Franklin Allen & Elena Carletti, 2013. "Deposits and Bank Capital Structure," Economics Working Papers ECO2013/03, European University Institute.
- Allen, Franklin & Carletti, Elena & Marquez, Robert, 2014. "Deposits and Bank Capital Structure," Working Papers 14-08, University of Pennsylvania, Wharton School, Weiss Center.
- Franklin Allen & Elena Carletti, 2013. "Deposits and Bank Capital Structure," Working Papers 477, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Joon-Ho Hahm & Hyun Song Shin & Kwanho Shin, 2013.
"Noncore Bank Liabilities and Financial Vulnerability,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45, pages 3-36, August.
- Joon‐Ho Hahm & Hyun Song Shin & Kwanho Shin, 2013. "Noncore Bank Liabilities and Financial Vulnerability," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(s1), pages 3-36, August.
- Joon-Ho Hahm & Hyun Song Shin & Kwanho Shin, 2012. "Non-Core Bank Liabilities and Financial Vulnerability," NBER Working Papers 18428, National Bureau of Economic Research, Inc.
- Pierre-Olivier Gourinchas & Helene Rey & Nicolas Govillot, 2010.
"Exorbitant Privilege and Exorbitant Duty,"
IMES Discussion Paper Series
10-E-20, Institute for Monetary and Economic Studies, Bank of Japan.
- Gourinchas, Pierre-Olivier & Rey, Hélène, 2022. "Exorbitant Privilege and Exorbitant Duty," CEPR Discussion Papers 16944, C.E.P.R. Discussion Papers.
- Marcin Kacperczyk & Philipp Schnabl, 2013. "How Safe Are Money Market Funds?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 128(3), pages 1073-1122.
- Barry Eichengreen & Ricardo Hausmann, 1999.
"Exchange rates and financial fragility,"
Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 329-368.
- Barry Eichengreen & Ricardo Hausmann, 1999. "Exchange Rates and Financial Fragility," NBER Working Papers 7418, National Bureau of Economic Research, Inc.
- Pierre-Olivier Gourinchas & Hélène Rey, 2007.
"From World Banker to World Venture Capitalist: US External Adjustment and the Exorbitant Privilege,"
NBER Chapters, in: G7 Current Account Imbalances: Sustainability and Adjustment, pages 11-66,
National Bureau of Economic Research, Inc.
- Gourinchas, Pierre-Olivier & Rey, Hélène, 2005. "From World Banker to World Venture Capitalist: US External Adjustment and the Exorbitant Privilege," CEPREMAP Working Papers (Docweb) 0606, CEPREMAP.
- Pierre-Olivier Gourinchas & Hélène Rey, 2005. "From World Banker to World Venture Capitalist: US External Adjustment and the Exorbitant Privilege," NBER Working Papers 11563, National Bureau of Economic Research, Inc.
- Rey, Hélène & Gourinchas, Pierre-Olivier, 2005. "From World Banker to World Venture Capitalist: US External Adjustment and The Exorbitant Privilege," CEPR Discussion Papers 5220, C.E.P.R. Discussion Papers.
- Gorton, Gary & Pennacchi, George, 1990. "Financial Intermediaries and Liquidity Creation," Journal of Finance, American Finance Association, vol. 45(1), pages 49-71, March.
- Calomiris, Charles W & Kahn, Charles M, 1991. "The Role of Demandable Debt in Structuring Optimal Banking Arrangements," American Economic Review, American Economic Association, vol. 81(3), pages 497-513, June.
- Enrique G. Mendoza & Vincenzo Quadrini & José-VÃctor RÃos-Rull, 2009. "Financial Integration, Financial Development, and Global Imbalances," Journal of Political Economy, University of Chicago Press, vol. 117(3), pages 371-416, June.
- Jeffrey C. Fuhrer, 2000. "Habit Formation in Consumption and Its Implications for Monetary-Policy Models," American Economic Review, American Economic Association, vol. 90(3), pages 367-390, June.
- repec:bla:jfinan:v:53:y:1998:i:4:p:1245-1284 is not listed on IDEAS
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Ahnert, Toni & Anand, Kartik & Gai, Prasanna & Chapman, James, 2015.
"Safe, or not safe? Covered bonds and Bank Fragility,"
VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy
112875, Verein für Socialpolitik / German Economic Association.
- Ahnert, Toni & Anand, Kartik & Gai, Prasanna & Chapman, James, 2016. "Asset Encumbrance, Bank Funding, and Financial Fragility," VfS Annual Conference 2016 (Augsburg): Demographic Change 145782, Verein für Socialpolitik / German Economic Association.
- Toni Ahnert & Kartik Anand & Prasanna Gai & James Chapman, 2016. "Asset Encumbrance, Bank Funding and Financial Fragility," Staff Working Papers 16-16, Bank of Canada.
- Ahnert, Toni & Anand, Kartik & Gai, Prasanna & Chapman, James, 2016. "Asset encumbrance, bank funding and financial fragility," Discussion Papers 17/2016, Deutsche Bundesbank.
- Toni Ahnert & Benjamin Nelson, 2016. "Opaque Assets and Rollover Risk," Staff Working Papers 16-17, Bank of Canada.
- Enrico Perotti & Rafael Matta, 2015.
"Insecure Debt,"
Tinbergen Institute Discussion Papers
15-035/IV/DSF88, Tinbergen Institute.
- Matta, Rafael & Perotti, Enrico, 2015. "Insecure debt," LSE Research Online Documents on Economics 65099, London School of Economics and Political Science, LSE Library.
- Perotti, Enrico & Matta, Rafael, 2015. "Insecure Debt," CEPR Discussion Papers 10505, C.E.P.R. Discussion Papers.
- Toni Ahnert & Kartik Anand & Prasanna Gai & James Chapman & Philip StrahanEditor, 2019.
"Asset Encumbrance, Bank Funding, and Fragility,"
The Review of Financial Studies, Society for Financial Studies, vol. 32(6), pages 2422-2455.
- Ahnert, Toni & Anand, Kartik & Gai, Prasanna & Chapman, James, 2015. "Safe, or not safe? Covered bonds and Bank Fragility," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112875, Verein für Socialpolitik / German Economic Association.
- Ahnert, Toni & Anand, Kartik & Gai, Prasanna & Chapman, James, 2017. "Asset encumbrance, bank funding and fragility," ESRB Working Paper Series 52, European Systemic Risk Board.
- Toni Ahnert & Kartik Anand & Prasanna Gai & James Chapman, 2016. "Asset Encumbrance, Bank Funding and Financial Fragility," Staff Working Papers 16-16, Bank of Canada.
- Ahnert, Toni & Anand, Kartik & Gai, Prasanna & Chapman, James, 2016. "Asset encumbrance, bank funding and financial fragility," Discussion Papers 17/2016, Deutsche Bundesbank.
- Ahnert, Toni & Anand, Kartik & Gai, Prasanna & Chapman, James, 2018. "Asset encumbrance, bank funding and fragility," LSE Research Online Documents on Economics 118919, London School of Economics and Political Science, LSE Library.
- Golec, Pascal & Perotti, Enrico, 2017. "Safe assets: a review," Working Paper Series 2035, European Central Bank.
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.- Ahnert, Toni & Perotti, Enrico, 2021. "Cheap but flighty: A theory of safety-seeking capital flows," Journal of Banking & Finance, Elsevier, vol. 131(C).
- Golec, Pascal & Perotti, Enrico, 2017. "Safe assets: a review," Working Paper Series 2035, European Central Bank.
- Toni Ahnert & Enrico Perotti, 2018. "Seeking Safety," Staff Working Papers 18-41, Bank of Canada.
- DeAngelo, Harry & Stulz, René M., 2015. "Liquid-claim production, risk management, and bank capital structure: Why high leverage is optimal for banks," Journal of Financial Economics, Elsevier, vol. 116(2), pages 219-236.
- Douglas Gale & Tanju Yorulmazer, 2020. "Bank capital, fire sales, and the social value of deposits," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 69(4), pages 919-963, June.
- Stijn Claessens & M Ayhan Kose, 2018. "Frontiers of macrofinancial linkages," BIS Papers, Bank for International Settlements, number 95.
- Xiong, Qizhou, 2018. "The liquidity premium of safe assets: The role of government debt supply," IWH Discussion Papers 11/2017, Halle Institute for Economic Research (IWH), revised 2018.
- Thomas Philippon, 2015.
"Has the US Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation,"
American Economic Review, American Economic Association, vol. 105(4), pages 1408-1438, April.
- Thomas Philippon, 2012. "Has the U.S. Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation," NBER Working Papers 18077, National Bureau of Economic Research, Inc.
- Philippon, Thomas, 2014. "Has the U.S. Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation," CEPR Discussion Papers 9792, C.E.P.R. Discussion Papers.
- Gourinchas, Pierre-Olivier & Rey, Hélène, 2014.
"External Adjustment, Global Imbalances, Valuation Effects,"
Handbook of International Economics, in: Gopinath, G. & Helpman, . & Rogoff, K. (ed.), Handbook of International Economics, edition 1, volume 4, chapter 0, pages 585-645,
Elsevier.
- Gourinchas, Pierre-Olivier & Rey, Helene, 2014. "External Adjustment, Global Imbalances, Valuation Effects," Department of Economics, Working Paper Series qt2k77x6tn, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Begenau, Juliane, 2020. "Capital requirements, risk choice, and liquidity provision in a business-cycle model," Journal of Financial Economics, Elsevier, vol. 136(2), pages 355-378.
- Hanson, Samuel G. & Shleifer, Andrei & Stein, Jeremy C. & Vishny, Robert W., 2015.
"Banks as patient fixed-income investors,"
Journal of Financial Economics, Elsevier, vol. 117(3), pages 449-469.
- Samuel Hanson & Andrei Shleifer & Jeremy C. Stein & Robert W. Vishny, "undated". "Banks as patient fixed-income investors," Working Paper 238646, Harvard University OpenScholar.
- Samuel G. Hanson & Andrei Shleifer & Jeremy C. Stein & Robert W. Vishny, 2014. "Banks as Patient Fixed-Income Investors," NBER Working Papers 20288, National Bureau of Economic Research, Inc.
- Samuel G. Hanson & Andrei Shleifer & Jeremy C. Stein & Robert W. Vishny, 2014. "Banks as Patient Fixed Income Investors," Working Paper 151246, Harvard University OpenScholar.
- Samuel Hanson & Andrei Shleifer & Jeremy C. Stein & Robert W. Vishny, 2014. "Banks as Patient Fixed Income Investors," Finance and Economics Discussion Series 2014-15, Board of Governors of the Federal Reserve System (U.S.).
- Krishnamurthy, Arvind & Vissing-Jorgensen, Annette, 2015.
"The impact of Treasury supply on financial sector lending and stability,"
Journal of Financial Economics, Elsevier, vol. 118(3), pages 571-600.
- Arvind Krishnamurthy & Annette Vissing-Jorgensen, 2013. "The Impact of Treasury Supply on Financial Sector Lending and Stability," NBER Chapters, in: New Perspectives on Corporate Capital Structure, National Bureau of Economic Research, Inc.
- Krishnamurthy, Arvind & Vissing-Jorgensen, Annette, 2015. "The Impact of Treasury Supply on Financial Sector Lending and Stability," Research Papers 3276, Stanford University, Graduate School of Business.
- Arvind KRISHNAMURTHY & Annette VISSING-JORGENSEN, 2015. "The Impact of Treasury Supply on Financial Sector Lending and Stability," Swiss Finance Institute Research Paper Series 15-46, Swiss Finance Institute.
- Krishnamurthy, Arvind & Vissing-Jørgensen, Annette, 2015. "The Impact of Treasury Supply on Financial Sector Lending and Stability," CEPR Discussion Papers 10717, C.E.P.R. Discussion Papers.
- DeAngelo, Harry & Stulz, Rene M., 2013.
"Why High Leverage Is Optimal for Banks,"
Working Papers
13-20, University of Pennsylvania, Wharton School, Weiss Center.
- DeAngelo, Harry & Stulz, Rene M., 2013. "Why High Leverage Is Optimal for Banks," Working Paper Series 2013-08, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
- Harry DeAngelo & René M. Stulz, 2013. "Why High Leverage is Optimal for Banks," NBER Working Papers 19139, National Bureau of Economic Research, Inc.
- Sebastiaan Pool, 2018. "Mortgage debt and shadow banks," DNB Working Papers 588, Netherlands Central Bank, Research Department.
- 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.
- Kreamer, Jonathan, 2022. "Financial intermediation and the supply of liquidity," Journal of Financial Stability, Elsevier, vol. 61(C).
- 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.
- Erica Jiang & Gregor Matvos & Tomasz Piskorski & Amit Seru, 2020. "Which Banks are (Over) Levered? Insights from Shadow Banks and Uninsured Leverage," NBER Working Papers 26903, National Bureau of Economic Research, Inc.
- Enrico Perotti & Rafael Matta, 2015.
"Insecure Debt,"
Tinbergen Institute Discussion Papers
15-035/IV/DSF88, Tinbergen Institute.
- Matta, Rafael & Perotti, Enrico, 2015. "Insecure debt," LSE Research Online Documents on Economics 65099, London School of Economics and Political Science, LSE Library.
- Perotti, Enrico & Matta, Rafael, 2015. "Insecure Debt," CEPR Discussion Papers 10505, C.E.P.R. Discussion Papers.
- Kristian Blickle & Markus K. Brunnermeier & Stephan Luck, 2022.
"Who Can Tell Which Banks Will Fail?,"
NBER Working Papers
29753, National Bureau of Economic Research, Inc.
- Kristian S. Blickle & Markus K. Brunnermeier & Stephan Luck, 2022. "Who Can Tell Which Banks Will Fail?," Staff Reports 1005, Federal Reserve Bank of New York.
- Kristian Blickle & Markus Brunnermeier & Stephan Luck, 2022. "Who Can Tell Which Banks Will Fail?," Working Papers 2022-28, Princeton University. Economics Department..
More about this item
Keywords
Capital flows; Unstable funding; Safe haven; Absolute safety;All these keywords.
JEL classification:
- F3 - International Economics - - International Finance
- G2 - Financial Economics - - Financial Institutions and Services
NEP fields
This paper has been announced in the following NEP Reports:- NEP-IFN-2015-03-27 (International Finance)
- NEP-OPM-2015-03-27 (Open Economy Macroeconomics)
- NEP-PKE-2015-03-27 (Post Keynesian Economics)
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:cpr:ceprdp:10502. 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: the person in charge (email available below). General contact details of provider: https://www.cepr.org .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.