Sudden Stops, Financial Crises, and Leverage

By Enrique G. Mendoza. 2010

981 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/4f22bb149d0d923df082736623e69509d48700ce

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Citations in the corpus

Capital Allocation and Productivity in South Europe (2017, methodology): “We do not adopt the convenient assumption in Moll (2014), Midrigan and Xu (2014), and Buera and Moll (2015) that exogenous shocks during period t+1 are known at the end of t before capital and borrowing decisions are made for t + 1.”
On the International Transmission of Shocks : Micro-Evidence from Mutual Fund Portfolios (2012, neutral): “3 See, for example, Calvo (2002), Kodres and Pritsker (2002), Mendoza and Smith (2006), and Mendoza (2010).”
Systemic Risk and the Macroeconomy: An Empirical Evaluation (2016, positive): “We prove that this approach 3See, for example, Bernanke and Gertler (1989), Kiyotaki and Moore (1997), Bernanke, Gertler and Gilchrist (1999), Brunnermeier and Sannikov (2010), Gertler and Kiyotaki (2010), Mendoza (2010), He and Krishnamurthy (2012).”
Household Leverage and the Recession (2011, neutral): “…related to a large literature on financial intermediation in both closed and open economies, originating with Bernanke and Gertler (1989), Kiyotaki and Moore (1997), Bernanke, Gertler and Gilchrist (1999) and more recently Mendoza (2010), Gertler and Karadi (2011) and Gertler and Kiyotaki (2010).”
Collateral Constraints and Macroeconomic Asymmetries (2013, positive): “In this respect, our work extends the basic mechanisms in Mendoza (2010) who also considers occasionally binding financial constraints in a calibrated small open economy setting with an exogenous interest rate.”
ON THE SOURCES OF AGGREGATE FLUCTUATIONS IN EMERGING ECONOMIES (2013, neutral): “In contrast, the share of those variances due to trend shocks is ten percent or less.”
The New Economics of Prudential Capital Controls: A Research Agenda (2011, background): “…(2010a).6 Two similar categories of constraints exist in the literature on financial amplification and asset prices: Jeanne and Korinek (2010b) and Mendoza (2010) impose a financial constraint that depends on 5There is an instructive analogy to asset markets: a lender who lends to an airline…”
Macroeconomics with Financial Frictions: A Survey (2012, positive): “Mendoza ( 2010 ) study a small open economy with fixed interest rate and price for foreign input goods .”
Managing credit booms and busts: A Pigouvian taxation approach (2019, neutral): “The asset price, in turn, is driven by their aggregate borrowing”
Financial crises, bank risk exposure and government financial policy (2012, background): “(2009), Mendoza (2010) and Jerman n to borrowing constraints faced by nonfin a b s t r a c t”