Fear of Fire Sales, Illiquidity Seeking, and Credit Freezes

By Douglas W. Diamond, R. Rajan. 2011

569 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/9a4d83857645f5a69d8202b10a3a54967e9aa449

How researchers see this paper

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

In Economics and Econometrics

1. José-Luis Peydró
2. A. Shleifer
3. Andrew G. Haldane
4. Allen N. Berger
5. Jeremy C. Stein
6. Rajkamal Iyer
7. Prasanna Gai
8. S. Kapadia

In Finance

1. Allen N. Berger
2. José-Luis Peydró
3. Christa H. S. Bouwman
4. Rajkamal Iyer
5. Anjan V. Thakor
6. Andrew G. Haldane
7. Jeremy C. Stein
8. A. Shleifer

Citations in the corpus

• The Term Structure of Interbank Risk (2012, unknown): “The speculative motive for cash hoarding is modeled by Acharya, Gromb, and Yorulmazer (2012), Acharya, Shin, and Yorulmazer (2011), and Diamond and Rajan (2011).”
• The Real Effects of Liquidity During the Financial Crisis: Evidence from Automobiles (2017, unknown): “                                                                                                                          2 See, e.g., Allen and Gale (2000), Diamond and Rajan (2005, 2011), Shleifer and Vishny (2010).”
• The Politics of Government Investment (2012, unknown): “Finally, a number of studies, such as Harvey (2008) and Diamond and Rajan (2011), evaluate various alternatives to the bailout.”
• Systemic Risk in Financial Networks: A Survey (2020, unknown): “This was present in the freeze of overnight lending between 2007 and 2009 (e.g., see the discussion in Brunnermeier (2009); Diamond & Rajan (2011).)”
• Interbank Liquidity Crunch and the Firm Credit Crunch: Evidence from the 2007--2009 Crisis (2013, methodology): “This is consistent with models of liquidity hoarding and credit crunch during crises as e.g. Diamond and Rajan (2011).”
• Banks as patient fixed-income investors (2014, background): “Second, several papers study the shadow banking system and its role in the financial crisis (Coval, Jurek, and Stafford 2009; Shleifer and Vishny 2010; Gorton and Metrick 2011; Diamond and Rajan 2011; Stein 2012; Gennaioli, Shleifer, and Vishny 2012 and 2013; Kacperzcyk and Schnabl 2013; Krishnamurt”
• The 'Greatest' Carry Trade Ever? Understanding Eurozone Bank Risks (2013, unknown): “This action would likely shift risk into the states of the world (government defaults) where they are likely to experience bank runs, as argued by Diamond and Rajan (2011).”