Title:Governance for the Eurozone. Integration or disintegration? Editor(s):ALLEN, Franklin; CARLETTI, Elena; SIMONELLI, SaverioDate:2012Citation:
- Philadelphia, FIC Press, 2012
Type:BookSeries/Number:Global Governance Programme; Europe in the World
Title:The Financial Implications of a Banking Union Author(s):ALLEN, Franklin; CARLETTI, Elena; GIMBER, AndrewDate:2012Citation:
- Thorsten BECK (ed.), Banking Union for Europe: Risks and Challenges, London, Centre for Economic Policy Research, 2012, 115-120
Type:Contribution to bookAbstract:With calls for a banking union to resolve the issue of banking interdependence within the Eurozone, this paper explores the reasons behind such a policy, how it should be implemented and the possible ramifications.
Title:Deposit Insurance and Risk Taking Author(s):ALLEN, Franklin; CARLETTI, Elena; LEONELLO, AgneseDate:2011Citation:
- Oxford Review of Economic Policy, 2011, 27, 3, 464-478
Type:ArticleAbstract:We review the theory of deposit insurance, highlighting the underlying assumptions that were not satisfied during the recent financial crisis and that may have led to serious policy mistakes. In theoretical models, deposit ...
Title:What is systemic risk? Author(s):ALLEN, Franklin; CARLETTI, ElenaDate:2013Citation:
- Journal of Money, Credit, and Banking, 2013, Vol. 45, No. s1, pp. 121-127
Type:ArticleAbstract:The traditional view of risk in a financial system is that it is the summation of individual risks within the system. However, the financial crisis that started in 2007 has driven home that this view of risk is inadequate. ...
Title:New theories to underpin financial reform Author(s):ALLEN, Franklin; CARLETTI, ElenaDate:2013Citation:
- Journal of Financial Stability, 2013, Vol. 9, No. 2, pp. 242-249
Type:ArticleAbstract:Before 2007, financial crises were not widely studied in economics and finance. The lack of importance ascribed to financial stability and our limited knowledge of this topic were significant contributors to the crisis. ...
Title:Money, financial stability and efficiency Author(s):ALLEN, Franklin; CARLETTI, Elena; GALE, DouglasDate:2014Citation:
- Journal of economic theory, 2014, Vol. 149, pp. 100-127
Type:ArticleAbstract:Most analyses of banking crises assume that banks use real contracts but in practice contracts are nominal. We consider a standard banking model with aggregate return risk, aggregate liquidity risk and idiosyncratic liquidity ...
Title:Introduction to liquidity and crises Author(s):ALLEN, Franklin; KRAHNEN, Jan Pieter; TYRELL, Marcel; CARLETTI, ElenaDate:2011Citation:
- Franklin ALLEN, Elena CARLETTI, Jan Pieter KRAHNEN and Marcel TYRELL (eds), Liquidity and crises, New York ; Oxford : Oxford University Press, 2011, pp. 3-32
Type:Contribution to book
Title:Cross-Border Banking in Europe: Implications for Financial Stability and Macroeconomic Policies Author(s):ALLEN, Franklin; BECK, Thorsten; CARLETTI, Elena; LANE, Philip R.; SCHOENMAKER, Dirk; WAGNER, WolfDate:2011Citation:
- London, Centre for Economic Policy Research, 2011
Type:BookAbstract:Understanding the role of banks in cross-border finance has become an urgent priority. Cross-border banks have played a central role in the dynamics of the global crisis of 2007-2009. First, European banks had a surprisingly ...
Title:Asset commonality, debt maturity and systemic risk Author(s):ALLEN, Franklin; BABUS, Ana; CARLETTI, ElenaDate:2012Citation:
- Journal of Financial Economics, 2012, Vol. 104, No. 3, pp. 519-534
Type:ArticleAbstract:We develop a model in which asset commonality and short-term debt of banks interact to generate excessive systemic risk. Banks swap assets to diversify their individual risk. Two asset structures arise. In a clustered ...
Title:Banking competition in Europe : antitrust authorities at work in the wake of the financial crisis Author(s):CARLETTI, Elena; SPAGNOLO, Giancarlo; CAIAZZA,Stefano; GIANNETTI, CaterinaDate:2010Citation:
- World competition, 2010, Vol. 33, No. 4, pp. 615-642
Type:ArticleAbstract:In the financial intermediation industry, competition issues interact with those concerned with stability, as the current crisis unfortunately reminded us. This paper discusses and summarizes recent inquiries into retail ...