Balance-Sheet Contagion

By Nobuhiro Kiyotaki, John Moore. 2002

223 citations recorded by the source corpus.

Subfields: Finance

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Markets contagion during financial crisis: A regime-switching approach☆ (2011, background): “First, Kiyotaki and Moore (2002) propose a theoretical framework within which through a balance-sheet effect, contagion occurs when the collateral value is affected by fluctuations in asset value, and/or when the effect of default works through chains of credit.”
Liaisons dangereuses: Increasing connectivity, risk sharing, and systemic risk (2012, background): “The most recent strand of research has focused on three types of propagation of financial distress: (a) self-fulfilling panic (bank runs) (Diamond and Dybvig, 1983); (b) depreciation of a common asset (asset price contagion) (Kiyotaki and Moore, 1997), (Kiyotaki and Moore, 2002); (c) interlocking cr”
RESILIENCE TO CONTAGION IN FINANCIAL NETWORKS (2011, unknown): “ 22, 45] and empirical studies [17, 20, 49, 44]. Network externalities are {implicitly or explicitly{ present in various early discussions of systemic risk (see e.g., Hellwig [25], Kiyotaki and Moore [33], Rochet and Tirole [46]) through the interlinkages between balance sheets. Allen and Gale [1] p”
Climate risk and financial stability in the network of banks and investment funds (2020, unknown): “Third round (Kiyotaki and Moore, 2002; Greenwood et al., 2015; Cifuentes et al., 2005) Banks’ and funds’ reaction to the shock to get to their initial risk management strategies (leverage for banks, VaR for funds).”