Securitisation and Financial Stability

By Hyun Song Shin. 2009

300 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/149a481001729d604fc687fe45b0a02004d7718a

Citations in the corpus

The real effects of the bank lending channel (2019, unknown): “Consequently, credit booms might lead to excessive risk taking on the extensive margin that portend future troubles (Dell’Ariccia and Marquez (2006), Shin (2009)).”
Fat tails, VaR and subadditivity☆ (2013, unknown): “We construct an explicit example of interdependent returns based on the portfolio view of interbank connectedness as discussed in e.g. Shin (2009).”
Systemic Risk and Stability in Financial Networks (2015, unknown): “Shin (2008, 2009), on the other hand, constructs an accounting framework of the financial system as a network of interlinked balance sheets.”
Macro Risk Premium and Intermediary Balance Sheet Quantities (2010, unknown): “…Rock and HBOS has shown that the rapid accumulation of banking sector assets in the years leading up to the current crisis was funded mainly from the wholesale capital markets, rather than through domestic household deposits (Shin (2009c) is a study of Northern Rock, and its failure in 2007).”
Bank Risk During the Financial Crisis: Do Business Models Matter? (2011, unknown): “This changed banks’ business models dramatically altering their incentives to hedge and take on new risks (Shin, 2009; Marques-Ibanez and Scheicher, 2010).”
Does monetary policy affect bank risk (2014, unknown): “…part of the monetary transmission mechanism has been recently informally referred to as the risk-taking channel and relates to how changes in monetary policy rates affect either risk perceptions or risk tolerance of financial intermediaries (Rajan 2005; Borio and Zhu 2008; Adrian and Shin 2009a).”
Why Do (or Did?) Banks Securitize Their Loans? Evidence from Italy (2010, unknown): “…1999; Jones, 2000; Calomiris and Mason, 2004; Jobst, 2005; Ambrose, Lacour-Little and Sanders, 2005; VanHoose, 2007; FSF, 2008a,b; Kashyap, Rajan and Stein, 2008; BIS, 2008; Borio, 2008; Parlour and Plantin, 2008; Draghi 2008a,b,c; Shin, 2008; Adrian and Shin, 2008a,b,c; Greenlaw et al., 2008).”
Financial Crises: Theory and Evidence (2009, unknown): “Adrian, T. and H. Shin (2009).”
Does Monetary Policy Affect Bank Risk-Taking? (2010, unknown): “A similar argument is provided by Adrian and Shin (2009b) who stress that changes in measured risk determine adjustments in bank balance sheets and leverage conditions and this, in turn, amplifies business cycle movements.3 The second way the risk-taking channel may operate is through the ‘search…”
Sustainable Shadow Banking (2013, unknown): “…instead of other instruments see Gennaioli, Shleifer, and Vishny (2013), who focus on the risk-sharing properties of securitization; Adrian and Shin (2009) and Shin (2009), who argue that securitization facilitates reaching investors and having access to more funds; and Ordoñez (2016), who…”
Interconnectedness in the interbank market (2015, unknown): “In order to highlight the two different network formations, we adopt a simple accounting framework (following Shin (2009a, 2009b) and Elliott, Golub and Jackson (2014)).”
Leveraged Network-Based Financial Accelerator (2013, unknown): “Geanakoplos (2010) ﬁnds that leverage is pro-cyclical, while Kalemli-Ozcan et al. (2011), as well as Adrian and Shin (2008,2009), ﬁnd that the leverage pattern for non-ﬁnancial ﬁrms is acyclical (instead this is pro-cyclical for investement banks and large commercial banks).”
International diversification: A copula approach (2011, unknown): “Brumelle ( 1974 ) . and Shin ( 2009 ) it ap pears that some type of negative dependence across assets in general enhances diversification . while asymmetric dependence limits diver sification .”
Securitization and Bank Performance (2013, unknown): “Since then, several studies have investigated the link between securitization and financial instability (BIS 2008, Shin 2009).”