Information Contagion and Bank Herding

By V. Acharya, Tanju Yorulmazer. 2008

299 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/8077b7d5249d6c3939e494e9fb3b4947bbdce326

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Citations in the corpus

Testing for East-West Contagion in the European Banking Sector During the Financial Crisis (2011, background): “Scholes, 1973, The Pricing of Options and Corporate Liabilities, Journal of Political Economy, 81(3), 637-54.”
Simulation methods to assess the danger of contagion in interbank markets (2011, background): “Common pool of liquidity Aghion et al. (2000), Acharya and Yorulmazer (2008b), Diamond and Rajan (2005), Brunnermeier and Pedersen (2009) Information about asset quality Chen (1999), Acharya and Yorulmazer (2008a)”
Curbing the Credit Cycle (2015, unknown): “The individually rational actions of heterogeneous lenders can generate collectively sub-optimal credit provision in both the upswing (a credit boom) and the downswing (a credit crunch), perhaps through herding (Acharya (2009), Acharya and Yorulmazer (2008)).”
Syndication, Interconnectedness, and Systemic Risk (2018, unknown): “…is larger compared to the equally-weighted one which suggests that banks have greater overlap with larger banks consistent with the literature on bank moral hazard and herding behavior (e.g. Acharya and Yorulmazer, 2008) and banks exploiting government guarantees (e.g. Eisert and Eufinger, 2017).”
Systemic Risk in Financial Networks: A Survey (2020, unknown): “Such inferences make it less valuable to have an uncorrelated portfolio and, as Acharya & Yorulmazer (2008) show, banks prefer to have correlated investments.”
Where the Risks Lie: A Survey on Systemic Risk (2017, unknown): “estimated by quantile regression as in Adrian and Brunnermeier (2014), the coefficient cit is constant over time.”
Cross-Border Banking in Europe: Implications for Financial Stability and Macroeconomic Policies (2011, background): “For example, while inward diversification also insulates against funding shocks, outward diversification 31 For more extensive discussions on differences between individual and systemic risk, see Acharya (2009), Acharya and Yorulmazer (2007, 2008), Wagner (2010a), Brunnermeier et al (2009, page 25).”
Asset commonality, debt maturity and systemic risk. (2012, unknown): “Acharya and Yorulmazer (2008) find that banks herd and undertake correlated investment to minimize the effect of information contagion on the expected cost of borrowing.”
Economic uncertainty and bank risk: Evidence from emerging economies (2020, unknown): “As information problems are exasperated by uncertainty, bank managers with reputational concerns may be prompted to imitate other banks’ lending decisions, because shareholders/funders would be more likely to blame the systematic factors other than managers’ own competence when banks collectively fa”