The 2007-09 Financial Crisis and Bank Opaqueness

By Mark J. Flannery, Simon H. Kwan, M. Nimalendran. 2010

336 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/888eb3835ff5551627adf59adbf20e9896d50ca4

How researchers see this paper

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

In Accounting

1. Bengt R. Holmstrom
2. Gary B. Gorton
3. Guillermo Ordoñez
4. Tri Vi Dang
5. Daniel R. Sanches
6. Jesús Fernández-Villaverde
7. O. Williamson

In Finance

1. Bengt R. Holmstrom
2. Gary B. Gorton
3. Guillermo Ordoñez
4. Tri Vi Dang
5. Jesús Fernández-Villaverde
6. Daniel R. Sanches
7. Lawrence J. White
8. Hyun Song Shin

Citations in the corpus

• Banks as Secret Keepers (2017, positive): “(JEL D92, E51, G21, G31, G32) The output of banks is short-term debt used for transactions and storing value (Gorton and Pennacchi 1990).”
• Thoughts on Financial Accounting and the Banking Industry (2014, neutral): “13 Compare this within banking sector analysis with Flannery et al. (2013) who show that crises raise the adverse selection costs of trading bank shares relative to nonbank control firms.”
• Asset commonality, debt maturity and systemic risk. (2012, neutral): “The idea is that banks’assets are opaque, particularly in periods of crises (see, e.g., Morgan, 2004; Flannery, Kwan, and Nimalendran, 2010).”