Deciphering the Liquidity and Credit Crunch 2007-08

By Markus K. Brunnermeier. 2009

2,515 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/1bedda99e3572ba9240a83f494c78d69bc96d45d

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Citations in the corpus

Measuring Systemic Risk in the Finance and Insurance Sectors (2010, neutral): “Quantile regression methods have also been used by Adrian and Brunnermeier (2009) in their CoVaR measure of systemic risk.”
Institutional Trading and Stock Resiliency: Evidence from the 2007-2009 Financial Crisis (2013, background): “Brunnermeier (2009) classifies the 2007 – 09 crisis as the most severe since the Great Depression, characterized by large declines in portfolio values, margin calls, liquidity dry-ups, and fire sales of assets.”
Stress-Testing Macro Stress Testing: Does it Live Up to Expectations? (2012, positive): “Disruptive spirals between market and funding liquidity risk played a crucial role in spreading distress after the Lehman failure (eg Brunnermeier (2009), Gorton (2009)), just as in previous episodes (eg Borio (2003)).”
Credit Ratings Failures and Policy Options (2010, positive): “The choice of Reuters as a benchmark is justified by the fact that CRAs define themselves as ‘financial publish- Source: Worldscope. ers’, and as such are treated by US law, even though their activity arguably goes beyond the simple publication of financial ‘opinions’.3 The top chart in Figure 2 sho”
Capital Flow Waves: Surges, Stops, Flight, and Retrenchment (2012, neutral): “18 See Devereux and Yetman (2010), Calvo (2009), Giannetti (2007), Kalemli-Ozcan, Papaioannou, and Perri (2010), and Brunnermeier (2009).”
Did Fair-Value Accounting Contribute to the Financial Crisis? (2010, positive): “For example, after rating downgrades, two hedge funds run by Bear Stearns had problems meeting margin calls and on June 22, 2007, Bear Stearns committed $3.2 billion in secured loans (Brunnermeier, 2009).”
Balance Sheet Adjustments in the 2008 Crisis (2010, neutral): “phenomenon which has been widely discussed by both policymakers and academics (see, for example, Adrian and Shin, 2009, and Brunnermeier, 2009).”
Loan Supply Shocks and the Business Cycle (2017, background): “…the banking industry, such as the process of securitisation and the increasing recourse to short-term debt, contributed markedly to the lending boom and housing bubble of the mid-2000s and subsequent credit slowdown and house price fall (Brunnermeier, 2009; Diamond and Rajan, 2009; Gorton, 2009).”
The global financial crisis: How similar? How different? How costly? (2010, background): “The buildup of an unusually high degree of leverage of financial institutions and borrowers contributed to the propagation of shocks (see Brunnermeier, 2009).”
Strategic Complementarity, Fragility, and Regulation (2014, neutral): “5 1 See, for example, Brunnermeier (2009).”
The 2007 Subprime Market Crisis Through the Lens of European Central Bank Auctions for Short-Term Funds (2011, neutral): “(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) ROA’07 ROA’07 ROA’07 ROE’07 ROE’07 ROE’07 CTI’07 CTI’07 CTI’07 NIM’07 NIM’07 NIM’07”