Illiquidity and All Its Friends

By Jean Tirole. 2011

276 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/a4deae133cd1898003874c38e895f21cb50c2edd

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Citations in the corpus

Finding the core: Network structure in interbank markets (2014, unknown): “Whereas the relevance of the network structure prior to crisis was mentioned only infrequently, it has now caught the attention of both academics (Tirole [30]) and policy makers (Haldane [22]).”
Adverse Selection and Liquidity Distortion (2011, unknown): “…both the trading price and how fast they can nd a counter- 1The notion of a buyers strike in connection to the recent crisis has been discussed in Tirole (2010) and Diamond and Rajan (2009). party in decentralized markets.2 The setup is therefore relevant for any asset traded in decentralized…”
Shadow Banks and Macroeconomic Instability (2017, unknown): “A suggestive piece of supporting evidence for the proposition that banks demand ABS for 16This reduced form model can be derived from a variety of underlying micro-foundations, including the classic moral hazard problem of Holmström and Tirole (1997); see Holmström and Tirole (2011). its collatera”
Where the Risks Lie: A Survey on Systemic Risk (2017, unknown): “Tirole (2011) suggests to monitor liquidity but through a quality perspective instead of a quantitative view, since some liquid assets are potentially toxic.”
The Relationship between Liquidity Risk and Credit Risk in Banks (2014, background): “An overview over the existing bank liquidity literature is provided by Tirole (2011).”
Do Banks Actively Manage Their Liquidity (2016, unknown): “…ratios, and to the best of our knowledge there are no previous empirical studies on the optimal loans-to-core deposits ratio.12 Accordingly, we specify the vector Xi,t-1 of LTD determinants parsimoniously, based largely on the theoretical determinants of bank liquidity from Tirole (2011).”