Misunderstanding Financial Crises: Why We Don't See Them Coming

By Gary B. Gorton. 2012

146 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/0f6567503997fba0bb7b0fa0fc13717c6ff7b5c1

Citations in the corpus

• Double Bank Runs and Liquidity Risk Management (2016, unknown): “The events of August 2007 represented an unexpected shock to wholesale markets for liquidity, as argued in several accounts of the crisis (Brunnermeier, 2009; Rajan, 2011; Gorton, 2012; ECB, 2012; among others).”
• Bank Capital, Liquid Reserves, and Insolvency Risk (2017, unknown): “Second, because most banks assets are illiquid and raising fresh equity is costly, banks should hold a buffer of liquid reserves to be able to cope with short-term losses (see e.g. Gorton (2012)).”