Comparing Financial Systems

By Franklin Allen, Douglas Gale. 2000

1,113 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/54912deb96d12774a3e6f549a408906a6777e5df

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Citations in the corpus

China’s Financial System: Opportunities and Challenges (2011, positive): “41 Perhaps the most important corporate governance mechanism is competition in product and input markets, which has worked well in both developed and developing countries (e.g., McMillan 1995, 1997; Allen and Gale 2000b).”
Is the International Convergence of Capital Adequacy Regulation Desirable (2003, neutral): “The model is inspired by the Allen and Gale (2000a) model of bubbles and crises, a two-date single-economy model of risk shifting by investors who borrow money from lenders.”
A Legal Theory of Finance (2013, background): “Allen and Gale have shown that “incomplete” financial markets tend to spread contagion, a key source of market instability (Allen and Gale 2000).”
Bankruptcy Codes and Innovation (2009, neutral): “…Vishny, 1997, 1998), the ownership structure of firms (La Porta, Lopez-de-Silanes and Shleifer, 1999), the mix between market- and bank-dominated finance (Allen and Gale, 2000), and economic growth through the provision of financial access to firms (King and Levine, 1993, Rajan and Zingales, 1998).”
A Theory of Systemic Risk and Design of Prudential Bank Regulation (2009, positive): “The model builds upon the Allen and Gale (2000a) model of bubbles and crises which is a one-period, single-investor model of risk-shifting.”
Bank Concentration and Competition: An Evolution in the Making (2004, background): “According to the “concentration-stability” view, a concentrated banking system with a few large institutions is more stable because the banks may be more profitable, better diversified, and easier to monitor, and therefore more resilient to shocks (e.g., Allen and Gale 2000).”
Inflation Dynamics and the Cost Channel of Monetary Transmission 1 (2004, background): “Consistent with broad evidence on differences in financial structures (see e.g., Allen and Gale, 2000), the effects of the cost channel are found to be less pronounced in continental European countries than in the US.”