The 'Other' Imbalance and the Financial Crisis

By Ricardo J. Caballero. 2009

140 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/27752afc77a371b9fa29abe8d126350e1628fd67

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Citations in the corpus

The Safety Trap (2017, methodology): “1, we use a simple disequilibrium framework to isolate the mechanics of the interaction between an aggregate demand determined output and a zero lower bound on safe rates.(7) In Section 2.”
The impact of Treasury supply on financial sector lending and stability (2015, unknown): “The literature on global safe-asset imbalances (see Bernanke, 2005; Caballero and Krishnamurthy, 2009; Caballero, 2010) posits that the demand for US safe assets has grown over the last few decades.”
Understanding the Role of Debt in the Financial System (2015, unknown): “More importantly, the United States had a sophisticated securitisation technology that could activate and make better use of collateral (Caballero (2009)).”
Cecchetti , Mohanty and Zampolli The real effects of debt The real effects of debt (2011, unknown): “45 On emerging markets’ demand for safe assets, see Caballero et al (2008) and Caballero (2010).”
ESBies: Safety in the Tranches (2017, background): “Relative to investors’ demand for safe assets, there is scarce global supply of securities that possess all three characteristics (Caballero, 2010).”
Global Imbalances and the Financial Crisis: Link or No Link? (2011, unknown): “19 The safe-asset shortage view proposed by Caballero (2010) also appears to fail to distinguish sufficiently clearly between gross and net flows.”
Solving the present crisis and managing the leverage cycle (2010, background): “4.7 Global Imbalances Increased Leverage Caballero, Farhi, and Gourinchas (2008), Caballero (2010), and others have suggested that the enormous savings glut 28Bear Stearns was sold to J.P. Morgan, which took on Bear’s obligations, but only after the government guaranteed $29 billion of Bear’s…”
Global trends in interest rates (2018, unknown): “This evidence is therefore consistent with the view of Caballero and Krishnamurthy (2009), Caballero (2010), Caballero et al. (2016), and Bernanke et al. (2011), among others, that the increased global demand for safe assets since the Asian crisis of 1997 has played a crucial role in driving…”
Working Paper # 0001 January 5 , 2012 A Survey of Systemic Risk Analytics (2012, unknown): “Others have focused on more specific mechanisms, including imbalances (Caballero, 2009), correlated exposures (Acharya, Pedersen, Philippon, and Richardson, 2010), spillovers to the real economy (Group of Ten, 2001), information”