Browsing by Subject "G01"

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Browsing by Subject "G01"

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    Title: Credit Market Competition and Liquidity Crises  Author(s): CARLETTI, Elena; LEONELLO, Agnese Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: We develop a two-period model where banks invest in reserves and loans, and are subject to aggregate liquidity shocks. When banks face a a shortage of liquidity, they can sell loans on the interbank market. Two types of ...
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    Title: The Great Moderation, the Great Panic and the Great Contraction  Author(s): BEAN, Charles Date: 2010 Type of Publication: Technical Report Series/Report no.: EUI MWP LS Abstract: This lecture examines the causes of the recent financial crisis and subsequent recession. On the macroeconomic side, the Great Moderation encouraged an overly optimistic assessment of risk. Combined with low interest rates, ...
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    Title: Bank Bail-Outs, International Linkages and Cooperation  Author(s): NIEPMANN, Friederike; SCHMIDT-EISENLOHR, Tim Date: 2010 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: Financial institutions are increasingly linked internationally and engaged in cross-border operations. As a result, financial crises and potential bail-outs by governments have important international implications. ...
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    Title: Interbank Market Liquidity and Central Bank Intervention  Author(s): ALLEN, Franklin; CARLETTI, Elena; GALE, Douglas Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: We develop a simple model of the interbank market where banks trade a long term, safe asset. We show that when there is a lack of opportunities for banks to hedge aggregate and idiosyncratic liquidity shocks, the interbank ...