Risk and liquidity in a system context

By Hyun Song Shin. 2008

183 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/a04fb43eee32481fa18ee16dc8fbefe87ed0cab1

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Citations in the corpus

What Can (Macro-) Prudential Policy do to Support Monetary Policy? (2007, unknown): “15 For a preliminary attempt to model such endogenous changes in behaviour, see Zhu (2007). 16 There is a vast literature on currency mismatches and their link to financial crises; see, in particular, Goldstein and Turner (2004), Eichengreen et al (2003) on key aspects of the policy debate; see Bori”
Transmission channels of systemic risk and contagion in the European financial network (2015, unknown): “Thus, similar to Shin (2008) and Castren and Rancan (2014) we construct an accounting framework of the financial system as a network of interlinked balance sheets where one sector’s assets are another’s liabilities.”
Capital Regulation, Risk-Taking and Monetary Policy: A Missing Link in the Transmission Mechanism? (2008, unknown): “31 On the increased procyclicality of fair value accounting, see Borio and Tsatsaronis (2004 and 2006), Enria et al (2004), Goodhart (2004), Taylor and Goodhart (2006) and Shin (2006).”
Securitisation and Financial Stability (2009, unknown): “This made Northern Rock particularly vulnerable among UK banks to the credit crisis that erupted in August 2007.11 Although the coventional notion of equity in bank regulation is as a bu er against losses to depositors, the relevant equity measure for funding constraints is 10See Shin (2008b).”
Systemic Risk and Stability in Financial Networks (2015, background): “The ability of a bank to fulfill its promises to its creditors depends on the resources it has available to meet those liabilities, which include not only the returns on its investment and the cash at hand, but also the realized value of repayments by the bank’s debtors.”
Contagion in financial networks (2010, background): “As Cifuentes et.al (2005) and Shin (2008) stress, the knock-on e¤ect of an initial default of a nancial institution on asset prices can trigger further rounds of default as other nancial entities are forced to write down the value of their assets.”
Global Governance and Systemic Risk in the 21st Century: Lessons from the Financial Crisis (2010, background): “…the ratio of financial company debt to GDP in the US increasing from 16 per cent to nearly 116 per cent between 1975 and 2007.3 The rise of credit derivatives forged a robust new network that increased in complexity because of its new nodes, pathways and high degree of connectivity (Shin, 2008).”
Asset Price Bubbles and Systemic Risk (2019, unknown): “Shin (2008) provides a model considering demand-side and supply-side effects of asset prices on banks’ balance sheets and the ensuing effects on financial institutions’ risk.”
Reflections on Northern Rock: The Bank Run That Heralded the Global Financial Crisis (2009, background): “In Adrian and Shin (2008a), my coauthor and I provide a formal discussion of fluctuating leverage from this perspective.”
Leveraged Network-Based Financial Accelerator (2013, background): “Geanakoplos (2010) ﬁnds that leverage is pro-cyclical, while Kalemli-Ozcan et al. (2011), as well as Adrian and Shin (2008,2009), ﬁnd that the leverage pattern for non-ﬁnancial ﬁrms is acyclical (instead this is pro-cyclical for investement banks and large commercial banks).”