Thoughts on financial derivatives, systematic risk, and central banking: a review of some recent developments
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Roberto Chang & Andrés Velasco, 2000.
"Liquidity Crises in Emerging Markets: Theory and Policy,"
NBER Chapters,in: NBER Macroeconomics Annual 1999, Volume 14, pages 11-78
National Bureau of Economic Research, Inc.
- Roberto Chang & Andres Velasco, 1999. "Liquidity crises in emerging markets: Theory and policy," FRB Atlanta Working Paper 99-15, Federal Reserve Bank of Atlanta.
- Chang, R. & Velasco, A., 1999. "Liquidity Crises in Emerging Markets: Theory and Policy," Working Papers 99-14, C.V. Starr Center for Applied Economics, New York University.
- Roberto Chang & Andres Velasco, 1999. "Liquidity Crises in Emerging Markets: Theory and Policy," NBER Working Papers 7272, National Bureau of Economic Research, Inc.
- Roberto Chang & Andrés Velasco, 1999. "Liquidity Crises in Emerging Markets: Theory and Policy," Documentos de Trabajo 59, Centro de Economía Aplicada, Universidad de Chile.
- Charles W. Calomiris & Gary Gorton, 1991.
"The Origins of Banking Panics: Models, Facts, and Bank Regulation,"
NBER Chapters, in: Financial Markets and Financial Crises, pages 109-174,
National Bureau of Economic Research, Inc.
- Charles W. Calomiris & Gary Gorton, "undated". "The Origins of Banking Panics: Models, Facts, and Bank Regulation," Rodney L. White Center for Financial Research Working Papers 11-90, Wharton School Rodney L. White Center for Financial Research.
- V. V. Chari, 1989. "Banking without deposit insurance or bank panics: lessons from a model of the U.S. national banking system," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 13(Sum), pages 3-19.
- R. Glenn Hubbard, 1991. "Financial Markets and Financial Crises," NBER Books, National Bureau of Economic Research, Inc, number glen91-1, June.
- Hentschel, Ludger & Smith, Clifford Jr., 1997. "Derivatives regulation: Implications for central banks," Journal of Monetary Economics, Elsevier, vol. 40(2), pages 305-346, October.
- A. W. Coats, 1995. "Comment," History of Political Economy, Duke University Press, vol. 27(5), pages 157-161, Supplemen.
- Michael D. Bordo, 1990. "The lender of last resort : alternative views and historical experience," Economic Review, Federal Reserve Bank of Richmond, vol. 76(Jan), pages 18-29.
- Davis, E. Philip, 1995. "Debt, Financial Fragility, and Systemic Risk," OUP Catalogue, Oxford University Press, number 9780198233312.
- George G. Kaufman, 1988. "Bank Runs: Causes, Benefits, and Costs," Cato Journal, Cato Journal, Cato Institute, vol. 7(3), pages 559-594, Winter.
- 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.
- Hyman P. Minsky, 1992. "The Financial Instability Hypothesis," Economics Working Paper Archive wp_74, Levy Economics Institute.
- Steven Radelet & Jeffrey Sachs, 1998. "The Onset of the East Asian Financial Crisis," NBER Working Papers 6680, National Bureau of Economic Research, Inc.
- Kanatas, George, 1986. "Deposit Insurance and the Discount Window: Pricing under Asymmetric Information," Journal of Finance, American Finance Association, vol. 41(2), pages 437-450, June.
- Alan Greenspan, 1995. "Remarks on risk measurement and systemic risk," Proceedings, Board of Governors of the Federal Reserve System (U.S.), pages 11-16.
- Robert T. Parry, 1996. "Global payments in the 21st century: a central banker's view," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue may3.
- Smith, Bruce D, 1991. "Bank Panics, Suspensions, and Geography: Some Notes on the "Contagion of Fear" in Banking," Economic Inquiry, Western Economic Association International, vol. 29(2), pages 230-248, April.
- David A. Marshall, 1998. "Understanding the Asian crisis: systemic risk as coordination failure," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 22(Q III), pages 13-38.
- Stephen D. Smith & Larry D. Wall, 1992. "Financial panics, bank failures, and the role of regulatory policy," Economic Review, Federal Reserve Bank of Atlanta, issue Jan, pages 1-11.
- Robert A. Eisenbeis, 1997. "Bank deposits and credit as sources of systemic risk," Economic Review, Federal Reserve Bank of Atlanta, vol. 82(Q 3), pages 4-19.
- Martin Feldstein, 1991. "The Risk of Economic Crisis," NBER Books, National Bureau of Economic Research, Inc, number feld91-2, June.
- Eichengreen, Barry & Portes, Richard, 1986.
"The Anatomy of Financial Crises,"
CEPR Discussion Papers
130, C.E.P.R. Discussion Papers.
- Barry Eichengreen & Richard Portes, 1987. "The Anatomy of Financial Crises," NBER Working Papers 2126, National Bureau of Economic Research, Inc.
- Flannery, Mark J, 1994.
"Debt Maturity and the Deadweight Cost of Leverage: Optimally Financing Banking Firms,"
American Economic Review, American Economic Association, vol. 84(1), pages 320-331, March.
- Mark J. Flannery, 1991. "Debt maturity and the deadweight cost of leverage: optimally financing banking firms," Proceedings, Federal Reserve Bank of San Francisco, issue Nov.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Hunter, William C. & Smith, Stephen D., 2002. "Risk management in the global economy: A review essay," Journal of Banking & Finance, Elsevier, vol. 26(2-3), pages 205-221, March.
- Chiara Oldani, 2005. "An Overview of the Literature about Derivatives," Macroeconomics 0504004, 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.- Mathieu Bédard, 2016. "In Which Context is the Option Clause Desirable?," Journal of Business Ethics, Springer, vol. 139(2), pages 287-297, December.
- Carlson, Mark, 2005.
"Causes of bank suspensions in the panic of 1893,"
Explorations in Economic History, Elsevier, vol. 42(1), pages 56-80, January.
- Mark A. Carlson, 2002. "Causes of bank suspensions in the panic of 1893," Finance and Economics Discussion Series 2002-11, Board of Governors of the Federal Reserve System (U.S.).
- Steven Ongena, 1999. "Lending Relationships, Bank Default and Economic Activity," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 6(2), pages 257-280.
- Michiel Bijlsma & Wouter Elsenburg & Michiel van Leuvensteijn, 2010. "Four Futures for Finance; A scenario study," CPB Document 211.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
- Stijn Claessens & M. Ayhan Kose, 2013.
"Financial Crises: Explanations, Types and Implications,"
CAMA Working Papers
2013-06, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Claessens, Stijn & Kose, M. Ayhan, 2013. "Financial Crises: Explanations, Types, and Implications," CEPR Discussion Papers 9329, C.E.P.R. Discussion Papers.
- Mr. Stijn Claessens & Mr. Ayhan Kose, 2013. "Financial Crises Explanations, Types, and Implications," IMF Working Papers 2013/028, International Monetary Fund.
- Hoag, Christopher, 2005. "Deposit drains on "interest-paying" banks before financial crises," Explorations in Economic History, Elsevier, vol. 42(4), pages 567-585, October.
- Kornert, Jan, 2003. "The Barings crises of 1890 and 1995: causes, courses, consequences and the danger of domino effects," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 13(3), pages 187-209, July.
- John H. Boyd & Mark Gertler, 1993.
"US Commercial Banking: Trends, Cycles, and Policy,"
NBER Chapters, in: NBER Macroeconomics Annual 1993, Volume 8, pages 319-377,
National Bureau of Economic Research, Inc.
- John H. Boyd & Mark Gertler, 1993. "U.S. Commercial Banking: Trends, Cycles, and Policy," NBER Working Papers 4404, National Bureau of Economic Research, Inc.
- Boyd, J.H. & Gertler, M., 1993. "U.S. Commercial Banking: Trends, Cycles, and Policy," Working Papers 93-19, C.V. Starr Center for Applied Economics, New York University.
- Gorton, Gary & Winton, Andrew, 2003.
"Financial intermediation,"
Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, edition 1, volume 1, chapter 8, pages 431-552,
Elsevier.
- Gary Gorton & Andrew Winton, 2002. "Financial Intermediation," NBER Working Papers 8928, National Bureau of Economic Research, Inc.
- Gary Gorton & Andrew Winton, 2002. "Financial Intermediation," Center for Financial Institutions Working Papers 02-28, Wharton School Center for Financial Institutions, University of Pennsylvania.
- Douglas W. Diamond & Raghuram G. Rajan, 2005.
"Liquidity Shortages and Banking Crises,"
Journal of Finance, American Finance Association, vol. 60(2), pages 615-647, April.
- Douglas W. Diamond & Raghuram G. Rajan, 2002. "Liquidity Shortages and Banking Crises," NBER Working Papers 8937, National Bureau of Economic Research, Inc.
- Douglas W. Diamond & Raghuram G. Rajan, 2003. "Liquidity Shortages and Banking Crises," NBER Working Papers 10071, National Bureau of Economic Research, Inc.
- Assaf Razin & Itay Goldstein, 2012. "Review Of Theories of Financial Crises," 2012 Meeting Papers 214, Society for Economic Dynamics.
- Richard S. Grossman & Hugh Rockoff, 2015.
"Fighting the Last War: economists on the lender of last resort,"
Departmental Working Papers
201515, Rutgers University, Department of Economics.
- Richard S. Grossman & Hugh Rockoff, 2015. "Fighting the Last War: Economists on the Lender of Last Resort," NBER Working Papers 20832, National Bureau of Economic Research, Inc.
- Grossman, Richard & Rockoff, Hugh T, 2015. "Fighting the Last War: Economists on the Lender of Last Resort," CEPR Discussion Papers 10361, C.E.P.R. Discussion Papers.
- Franklin Allen & Douglas Gale, 2003. "Financial Fragility, Liquidity and Asset Prices," Center for Financial Institutions Working Papers 01-37, Wharton School Center for Financial Institutions, University of Pennsylvania.
- Henrich R. Greve & Ji-Yub (Jay) Kim, 2014. "Running for the Exit: Community Cohesion and Bank Panics," Organization Science, INFORMS, vol. 25(1), pages 204-221, February.
- Michael D. Bordo & Bruce Mizrach & Anna J. Schwartz, 1998.
"Real versus Pseudo-International Systemic Risk Some Lessons from History,"
Review of Pacific Basin Financial Markets and Policies (RPBFMP), World Scientific Publishing Co. Pte. Ltd., vol. 1(01), pages 31-58.
- Michael D. Bordo & Bruce Mizrach & Anna J. Schwartz, 1995. "Real Versus Pseudo-International Systemic Risk: Some Lessons from History," NBER Working Papers 5371, National Bureau of Economic Research, Inc.
- Henk L. M. Kox, 2013.
"Export Decisions of Services Firms Between Agglomeration Effects and Market-Entry Costs,"
Advances in Spatial Science, in: Juan R. Cuadrado-Roura (ed.), Service Industries and Regions, edition 127, chapter 0, pages 177-201,
Springer.
- Kox, Henk L.M., 2012. "Export decisions of services firms between agglomeration effects and market-entry costs," MPRA Paper 39127, University Library of Munich, Germany.
- Henk Kox, 2012. "Export decisions of services firms between agglomeration effects and market-entry costs," CPB Discussion Paper 211.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
- Matsuoka, Tarishi, 2018. "Banks and liquidity crises in emerging market economies," Journal of Economic Dynamics and Control, Elsevier, vol. 94(C), pages 43-62.
- Carmine DiNoia, 1994. "Structuring Deposit Insurance in Europe: Some Considerations and a Regulatory Game," Center for Financial Institutions Working Papers 94-31, Wharton School Center for Financial Institutions, University of Pennsylvania.
- Temzelides, Theodosios, 1997.
"Evolution, coordination, and banking panics,"
Journal of Monetary Economics, Elsevier, vol. 40(1), pages 163-183, September.
- Ted Temzelides, 1995. "Evolution, coordination, and banking panics," Working Papers 95-27, Federal Reserve Bank of Philadelphia.
- Ted Temzelides, 1995. "Evolution, Coordination, and Banking Panics," Finance 9511002, University Library of Munich, Germany.
- Xuefang Liu & W. Robert J. Alexander & Sajid Anwar, 2018. "Bank Runs in China: Evidence from a Dynamic Panel Model," Arthaniti: Journal of Economic Theory and Practice, , vol. 17(1), pages 15-30, June.
More about this item
Keywords
Banks and banking; Central; Derivative securities; Risk;All these keywords.
NEP fields
This paper has been announced in the following NEP Reports:- NEP-FIN-2000-01-31 (Finance)
- NEP-HIS-2000-01-31 (Business, Economic and Financial History)
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:fip:fedhwp:wp-99-20. 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: Lauren Wiese (email available below). General contact details of provider: https://edirc.repec.org/data/frbchus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.