Browsing Department of Economics (ECO) by Subject "G01"

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Browsing Department of Economics (ECO) 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: 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 ...