Ignorance, Debt and Financial Crises +

255 citations recorded by the source corpus.

How researchers see this paper

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

Understanding the Role of Debt in the Financial System (2015, unknown): “His argument is based on work on optimal security design with Dang and Gorton (in particular, Dang et al (2011) – the references to this line of research are somewhat opaque).”
Wholesale Banking and Bank Runs in Macroeconomic Modeling of Financial Crises (2016, background): “aw Some efforts to address this issue include Krishnamurthy (2003), Di Tella (2014), Gertler et al.”
Sustainable Shadow Banking (2013, background): “I assume banks issue debt instead of equity because, by its liquidity properties, debt is one of the main “services” that banks provide, indeed defining their existence as discussed by Gorton and Pennacchi (1990), Dang, Gorton, and Holmström (2013) and Dang et al. (2014). However, since debt also ha”
The History and Economics of Safe Assets (2016, unknown): “Agent B knows that the contract he designs for the transaction with agent A will, next period, be the collateral for the contract he offers agent C. Dang et al. (2013) show that debt on debt is the optimal contract.”