How We Might Model a Credit Squeeze, and Draw Some Policy Implications for Responding to It
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Peter Sinclair, 2008. "How We Might Model a Credit Squeeze, and Draw some Policy Implications for Responding to it," Discussion Papers 08-10, Department of Economics, University of Birmingham.
References listed on IDEAS
- Naohiko Baba & Motoharu Nakashima & Yosuke Shigemi & Kazuo Ueda, 2006.
"The Bank of Japan's Monetary Policy and Bank Risk Premiums in the Money Market,"
International Journal of Central Banking, International Journal of Central Banking, vol. 2(1), March.
- Naohiko Baba & Motoharu Nakashima & Yosuke Shigemi & Kazuo Ueda, 2005. "The Bank of Japan's Monetary Policy and Bank Risk Premiums in the Money Market," CIRJE F-Series CIRJE-F-339, CIRJE, Faculty of Economics, University of Tokyo.
- Baba, Naohiko & Nakashima, Motoharu & Shigemi, Yosuke & Ueda, Kazuo, 2005. "The Bank of Japan's Monetary Policy and Bank Risk Premiums in the Money Market," MPRA Paper 816, University Library of Munich, Germany.
- Naohiko Baba & Motoharu Nakashima & Yousuke Shigemi & Kazuo Ueda, 2005. "The Bank of Japan's Monetary Policy and Bank Risk Premiums in the Money Market," CIRJE F-Series CIRJE-F-374, CIRJE, Faculty of Economics, University of Tokyo.
- He, Ping & Huang, Lixin & Wright, Randall, 2008.
"Money, banking, and monetary policy,"
Journal of Monetary Economics, Elsevier, vol. 55(6), pages 1013-1024, September.
- Randall Wright & Lixin Huang & Ping He, 2008. "Money, Banking, and Monetary Policy," 2008 Meeting Papers 347, Society for Economic Dynamics.
- Gary Gorton, 2008.
"The panic of 2007,"
Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 131-262.
- Gary B. Gorton, 2008. "The Panic of 2007," NBER Working Papers 14358, National Bureau of Economic Research, Inc.
- Gary Gorton, 2008. "The Panic of 2007," Yale School of Management Working Papers amz2372, Yale School of Management.
- Flemming, J S, 1973. "The Consumption Function when Capital Markets are Imperfect: The Permanent Income Hypothesis Reconsidered," Oxford Economic Papers, Oxford University Press, vol. 25(2), pages 160-172, July.
- Willem H. Buiter, 2008.
"Central banks and financial crises,"
Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 495-633.
- Buiter, Willem H., 2008. "Central banks and financial crises," LSE Research Online Documents on Economics 24438, London School of Economics and Political Science, LSE Library.
- . . & Willem Buiter, 2008. "Central banks and financial crises," FMG Discussion Papers dp619, Financial Markets Group.
- G. B. Gorton & Ping He, 2008.
"Bank Credit Cycles,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 75(4), pages 1181-1214.
- Gary Gorton & Ping He, 2005. "Bank Credit Cycles," NBER Working Papers 11363, National Bureau of Economic Research, Inc.
- Ping He & Lixin Huang & Randall Wright, 2005. "Money And Banking In Search Equilibrium," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(2), pages 637-670, May.
- Romer, Paul M, 1990.
"Endogenous Technological Change,"
Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
- Paul Romer, 1989. "Endogenous Technological Change," NBER Working Papers 3210, National Bureau of Economic Research, Inc.
- Paul M Romer, 1999. "Endogenous Technological Change," Levine's Working Paper Archive 2135, David K. Levine.
- Lucas, Robert E, Jr, 1990. "Supply-Side Economics: An Analytical Review," Oxford Economic Papers, Oxford University Press, vol. 42(2), pages 293-316, April.
- Goodhart, C.A.E., 2008. "The regulatory response to the financial crisis," Journal of Financial Stability, Elsevier, vol. 4(4), pages 351-358, December.
- Claudio E. V. Borio & Philip Lowe, 2004. "Securing sustainable price stability: should credit come back from the wilderness?," BIS Working Papers 157, Bank for International Settlements.
- Charles A. E. Goodhart, 2008. "The Regulatory Response to the Financial Crisis," CESifo Working Paper Series 2257, CESifo.
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.- Mettenheim Kurt, 2013. "Back to Basics in Banking Theory and Varieties of Finance Capitalism," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 3(3), pages 357-405, May.
- Gerard Caprio, 2011.
"Safe and Sound Banking: A Role for Countercyclical Regulatory Requirements?,"
Chapters, in: Sylvester Eijffinger & Donato Masciandaro (ed.), Handbook of Central Banking, Financial Regulation and Supervision, chapter 14,
Edward Elgar Publishing.
- Gerard Caprio, Jr, "undated". "Safe and Sound Banking: A Role for Countercyclical Regulatory Requirements?," The Institute for International Integration Studies Discussion Paper Series iiisdp311, IIIS.
- Caprio, Gerard, Jr., 2010. "Safe and sound banking : a role for countercyclical regulatory requirements ?," Policy Research Working Paper Series 5198, The World Bank.
- Gerard Caprio, 2009. "Safe and Sound Banking: A Role for Countercyclical Regulatory Requirements?," Department of Economics Working Papers 2009-06, Department of Economics, Williams College.
- Douglas Sutherland & Peter Hoeller & Balázs Égert & Oliver Röhn, 2010. "Counter-cyclical Economic Policy," OECD Economics Department Working Papers 760, OECD Publishing.
- Erlend Nier, 2009. "Financial Stability Frameworks and the Role of Central Banks: Lessons From the Crisis," IMF Working Papers 2009/070, International Monetary Fund.
- Talla M Aldeehani, 2016. "Has the risk index of Islamic banks and conventional banks in GCC countries changed in response to the 2008 economic crisis?," Journal of Economic and Financial Studies (JEFS), LAR Center Press, vol. 4(4), pages 20-33, August.
- Cukierman, Alex, 2011.
"Reflections on the crisis and on its lessons for regulatory reform and for central bank policies,"
Journal of Financial Stability, Elsevier, vol. 7(1), pages 26-37, January.
- Alex Cukierman, 2011. "Reflections on the Crisis and on its Lessons for Regulatory Reforms and for Central Bank Policies," Chapters, in: Sylvester Eijffinger & Donato Masciandaro (ed.), Handbook of Central Banking, Financial Regulation and Supervision, chapter 3, Edward Elgar Publishing.
- Cukierman, Alex, 2009. "Reflections on the Crisis and on its Lessons for Regulatory Reform and for Central Bank Policies," Foerder Institute for Economic Research Working Papers 275725, Tel-Aviv University > Foerder Institute for Economic Research.
- Hongfei Sun & Stella Huangfu, 2011.
"Private money and bank runs,"
Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 44(3), pages 859-879, August.
- Hongfei Sun & Stella Huangfu, 2011. "Private money and bank runs," Canadian Journal of Economics, Canadian Economics Association, vol. 44(3), pages 859-879, August.
- Amy Hongfei Sun & Xiuhua Huangfu, 2007. "Private Money And Bank Runs," Working Paper 1145, Economics Department, Queen's University.
- Michel Aglietta & Laurence Scialom, 2010.
"A Systemic Approach to Financial Regulation: a European Perspective,"
International Economics, CEPII research center, issue 123, pages 31-65.
- Michel Aglietta & Laurence Scialom, 2009. "A systemic approach to financial regulation: a European perspective," EconomiX Working Papers 2009-29, University of Paris Nanterre, EconomiX.
- Michel Aglietta & Laurence Scialom, 2009. "A systemic approach to financial regulation: a European perspective," Working Papers hal-04140865, HAL.
- Monika Marcinkowska, 2013. "Regulation and self-regulation in banking: in search of optimum," Bank i Kredyt, Narodowy Bank Polski, vol. 44(2), pages 119-158.
- Christian Heebøll-Christensen, 2011. "Financial Instability - a Result of Excess Liquidity or Credit Cycles?," Discussion Papers 11-21, University of Copenhagen. Department of Economics.
- Ge Jin & Bing Zhang, 2024. "Optimal fiscal policy with a balanced-budget restriction: revisiting Chamley and Barro," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 31(2), pages 454-485, April.
- Keshtgar, Nafiseh & Pahlavani, Mosayeb & Mirjalili, Seyed Hossein, 2020. "The Impact of Macroprudential Policies on the Vulnerability of the Banking System: Dynamic Panel Model," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 15(4), pages 357-379, October.
- Challet, Damien & Solomon, Sorin & Yaari, Gur, 2009.
"The universal shape of economic recession and recovery after a shock,"
Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 3, pages 1-24.
- Damien Challet & Sorin Solomon & Gur Yaari, 2008. "The universal shape of economic recession and recovery after a shock," Papers 0802.2004, arXiv.org, revised Aug 2009.
- Challet, Damien & Solomon, Sorin & Yaari, Gur, 2009. "The Universal Shape of Economic Recession and Recovery after a Shock," Economics Discussion Papers 2009-6, Kiel Institute for the World Economy (IfW Kiel).
- Rocheteau, Guillaume & Wright, Randall & Xiaolin Xiao, Sylvia, 2018.
"Open market operations,"
Journal of Monetary Economics, Elsevier, vol. 98(C), pages 114-128.
- Sylvia Xiao & Randall Wright & Guillaume Rocheteau, 2017. "Open Market Operations," 2017 Meeting Papers 345, Society for Economic Dynamics.
- Donaldson, Jason Roderick & Piacentino, Giorgia & Thakor, Anjan, 2018.
"Warehouse banking,"
Journal of Financial Economics, Elsevier, vol. 129(2), pages 250-267.
- Giorgia Piacentino & Anjan Thakor & Jason Donaldson, 2016. "Warehouse Banking," 2016 Meeting Papers 588, Society for Economic Dynamics.
- Régis Breton & Mariana Rojas Breu & Vincent Bignon, 2013.
"Monetary Union, Banks and Financial Integration,"
Post-Print
hal-01685888, HAL.
- V. Bignon & R. Breton & M. Rojas Breu, 2015. "Monetary Union with A Single Currency and Imperfect Credit Market Integration," Working papers 541, Banque de France.
- Bignon, V. & Breton, R. & Rojas Breu, M., 2013. "Currency Union with and without Banking Union," Working papers 450, Banque de France.
- Bignon, V. & Breton, R. & Rojas Breu, M., 2013.
"Currency Union with and without Banking Union,"
Working papers
450, Banque de France.
- Vincent Bignon & Régis Breton & Mariana Rojas Breu, 2018. "Currency Union with and without Banking Union," Working Papers hal-01685893, HAL.
- Heider, F. & Hoerova, M. & Holthausen, C., 2009.
"Liquidity Hoarding and Interbank Market Spreads : The Role of Counterparty Risk,"
Discussion Paper
2009-40 S, Tilburg University, Center for Economic Research.
- Heider, Florian & Holthausen, Cornelia & Hoerova, Marie, 2010. "Liquidity Hoarding and Interbank Market Spreads: The Role of Counterparty Risk," CEPR Discussion Papers 7762, C.E.P.R. Discussion Papers.
- Marie Hoerova & Cornelia Holthausen & Florian Heider, 2009. "Liquidity hoarding and interbank market spreads: the role of counterparty risk," 2009 Meeting Papers 929, Society for Economic Dynamics.
- Heider, F. & Hoerova, M. & Holthausen, C., 2009. "Liquidity Hoarding and Interbank Market Spreads : The Role of Counterparty Risk," Other publications TiSEM e03a6a65-2fc7-4b2e-9e94-f, Tilburg University, School of Economics and Management.
- Heider, Florian & Hoerova, Marie & Holthausen, Cornelia, 2009. "Liquidity hoarding and interbank market spreads: the role of counterparty risk," Working Paper Series 1126, European Central Bank.
- Pecorino, Paul, 1995. "Tax rates and tax revenues in a model of growth through human capital accumulation," Journal of Monetary Economics, Elsevier, vol. 36(3), pages 527-539, December.
- Emil Asenov, 2015. "Characteristics of Compliance Risk in Banking," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 20-28, December.
More about this item
Keywords
Credit famine; credit crunch;JEL classification:
- D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2009-02-07 (Central Banking)
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:zbw:ifwedp:7461. 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: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/iwkiede.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.