Financial Crises, Contagion, and the Lender of Last Resort: A Reader

By C. Goodhart, G. Illing. 2002

127 citations recorded by the source corpus.

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Citations in the corpus

Design Failures in the Eurozone: Can They Be Fixed? (2013, unknown): “a backstop needed to inject liquidity in financial markets when panic after a crash leads everybody to sell assets and to scramble for liquidity (Goodhart and Illing 2002).”
Central banks and financial crises (2008, background): “Charles Goodhart (2002) believes that without the threat of insolvency there can be no illiquidity (see also the excellent collection of readings in Goodhart and Illing (2002)).”
Monetary policy and financial (in)stability: An integrated micro-macro approach (2008, unknown): “Excessive demand side pressure may then entail failure of financial institutions to build up sufficient buffers but to rely, for example, on financial markets to hedge risks (Driffill et al., 2006).”
Liquidity (Risk) Concepts: Definitions and Interactions (2009, unknown): “…panic-induced collapses of a banking system and minimising the costs of bank runs and forced liquidations through its interventions (for a discussion on the traditional role of a central bank see Thornton, 1802; Bagehot, 1873; and Humphrey and Keleher, 1984 in Goodhart and Illing, 2002 ).”
Liquidity, Risk Taking, and the Lender of Last Resort (2005, background): “As noted above, an increase in the capital requirement · leads to an increase in p¤; which by (12) increases the maximum liquidity support, v0 and v¤ 1; provided by the LLR contingent on the bad and the good signal: The e¤ect on ̧¤ is also positive, so higher capital requirements lead to higher inv”
CHAPTER 14 – Competition and Regulation in Banking (2008, background): “A systemic crisis has a narrow and a broad interpretation (De Bandt and Hartmann, 2002).”