FROM CASH‐IN‐THE‐MARKET PRICING TO FINANCIAL FRAGILITY

By Franklin Allen, Douglas Gale. 2005

182 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/6b0787290d193072f5f218e7d08400f68f944a6a

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Citations in the corpus

Stock Market Declines and Liquidity (2010, unknown): “See also Allen and Gale (2005).”
Intermediary Asset Pricing (2013, unknown): “We elaborate on each of the elements of the model in the next sections.”
Amplification Mechanisms in Liquidity Crises (2009, unknown): “Consider next a rise in liquidity demand/flight to liquidity.(4) During a crisis, households grow uncertain about intermediaries and their investments.”
Rethinking Macroeconomic Policy (2010, background): “There is still some ambiguity as to whether this decline should be seen as having started much earlier, only to be interrupted for a decade or so in the 1970s, or as having started in earnest in the early 1980s, when monetary policy was changed (Blanchard and Simon 2001, Stock and Watson 2002).”
Credit Risk Transfer and Contagion (2006, unknown): “This argument is developed in a model with a banking sector and an insurance sector based on Allen and Gale (2005a).”
Mark-to-Market Accounting and Liquidity Pricing (2008, background): “In his influential book, Lombard Street, on how central banks should respond to crises, Bagehot (1873) argued that collateral should be valued weighting panic and pre-panic prices.”
A Network Model of Financial System Resilience (2013, unknown): “While this assumption may be defensible in the midst of a rapidly developing cr isis, it is clearly at odds with recent work on financial networks (Leitner (2005); Castiglionesi and Navarro (2007)) that builds upon the seminal contribution o f Allen and Gale (2000)2.”