Deep Recessions, Fast Recoveries, and Financial Crises: Evidence from the American Record

156 citations recorded by the source corpus.

Citations in the corpus

Financial Crises and Risk Premia (2017, unknown): “This poses a major challenge for consumption based asset pricing models and in later sections I show that the calibrated versions of these models (Campbell and Cochrane (1999), Bansal and Yaron (2004), and Barro (2006)) have diffi culty matching the behavior of risk premia in financial crises.”
Financial Intermediary Capital (2011, unknown): “In contrast, the capitalization of intermediaries plays essentially no role in liquidity provision theories of financial intermediation (Diamond and Dybvig (1983)), in theories of financial intermediaries as delegated, diversified monitors (Diamond (1984), Ramakrishnan and Thakor (1984), and William”
Financial Crises: Explanations, Types, and Implications (2013, unknown): “20 Bordo and Haubrich (2012) and Howard, Martin and Wilson (2011) also argue that recoveries following financial crises do not appear to be different than typical recoveries.”