Financial crises, bank risk exposure and government financial policy
By M. Gertler, Nobuhiro Kiyotaki, A. Queraltó. 2012
505 citations recorded by the source corpus.
Subfields: Finance
View Paper: https://www.semanticscholar.org/paper/227dc936f525520902b2c2e36ae16da5003a7d19
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Finance
- G. Lombardo
- Luca Dedola
- P. Gelain
- M. Gertler
- Nobuhiro Kiyotaki
- P. Karadi
- Andrea Prestipino
- Caterina Mendicino
Citations in the corpus
- Uncertainty Shocks and Balance Sheet Recessions (2017, background): “The model can be easily extended to allow consumers to use capital with a lower productivity ac < a as in Kiyotaki and Moore (1997) or Brunnermeier and Sannikov (2012).”
- Intermediary Leverage Cycles and Financial Stability (2012, unknown): “Gertler et al. (2011) consider a model in which financial intermediaries can issue outside equity and short-term debt, making intermediary risk exposure an endogenous choice.”
- Bank Leverage Regulation and Macroeconomic Dynamics (2011, unknown): “A similar approach has also been employed in Woodford (2011a) and Gertler et al. (2011).”
- Capital Regulation in a Macroeconomic Model with Three Layers of Default (2014, unknown): “Optimizing behavior yields ct+1 = χ W b t+1 (29)”
- Global implications of national unconventional policies (2013, background): “A further source of (net) revenues, Lt, denotes gains or losses from unconventional policies.”
- House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy (2013, background): “7See, for example, Gertler et al. (2012) in which a nancial crisis is triggered by an exogenous disaster shock that wipes out a fraction of the productive capital stock.”
- Wholesale Banking and Bank Runs in Macroeconomic Modeling of Financial Crises (2016, background): “…risk, they are prone to issue more debt than would be socially desirable.as In addition, as Farhi and Tirole (2012), Chari and Kehoe (2015), and Gertler et al. (2012) emphasize, the expectations of some type of government interventions ex-post will also encourage excessive leverage in the…”
- Banking, Liquidity and Bank Runs in an Infinite Horizon Economy (2015, unknown): “The banker’s optimization problem then is to choose ¡ ¢ each period to maximize the franchise value (15) subject to the incentive constraint (14) and the flow of funds constraints (12,13).”