Financial Connections and Systemic Risk

191 citations recorded by the source corpus.

How researchers see this paper

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Short-Term Wholesale Funding and Systemic Risk: A Global Covar Approach (2012, unknown): “This feature makes the possibility of fire sales more likely and causes risk externalities to other intermediaries holding the same asset classes; see, among others, Brunnermeier (2009), Ratnovski (2009), Acharya and Merrouche (2010), and Allen et al. (2010).”
Macroprudential Policy - A Literature Review (2012, unknown): “A key market failure in network analysis is that financial institutions choose their individual degree of diversification but do not determine the network structure (Allen et al., 2010).”
Liaisons dangereuses: Increasing connectivity, risk sharing, and systemic risk (2012, background): “As agents get connected in a network, their portfolios become more similar and shocks hitting the portfolio values become more and more correlated (Allen et al., 2010).”
A Pigovian Approach to Liquidity Regulation (2011, background): “∗We have greatly benefited from numerous discussions with academics and policymakers on our policy writings on the regulation of liquidity and on this paper.”
The Effect of the Interbank Network Structure on Contagion and Common Shocks (2013, unknown): “motivate central bank interventions, Allen et al. (2009) and Freixas et al. (2010) show that central bank intervention can increase the efficiency of interbank markets.”