Systemic risk in the financial sector: an analysis of the subprime-mortgage financial crisis

By Leibniz-Informationszentrum Wirtschaft. 2008

127 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/b515ed08a81c8a4174198512628178fe2198a529

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Citations in the corpus

Pro-Cyclical Capital Regulation and Lending (2016, unknown): “Hellwig (1995). The macroeconomic implications of capital adequacy requirements for banks.”
Understanding the Role of Debt in the Financial System (2015, unknown): “Invoking the empirical success of the EMH (in a variant they call relative EMH), Gilson and Kraakman (2014) among others have advocated that the same recipes be 2 But it appears that they did trade on very limited information in money markets; see Hellwig (2009).”
On the International Transmission of Shocks : Micro-Evidence from Mutual Fund Portfolios (2012, unknown): “7 See, among many others, Kaminsky and Reinhart (2000), Claessens and Forbes”
The High Sensitivity of Economic Activity to Financial Frictions (2011, background): “Kiyotaki and Moore (2008) consider friction arising from liquidity.”
Asset Price Bubbles and Systemic Risk (2019, unknown): “Brunnermeier (2009), Hellwig (2009) as well as Shleifer and Vishny (2011) argue that it is exactly such dynamics that make risk systemic.”
Economic crisis in Europe : causes, consequences and responses (2011, background): “The 'originate and distribute model' in financial markets that emerged since the beginning of this decade has led to an under-pricing of credit risks and excessive risk taking (Hellwig, 2008).”
Capital Regulation after the Crisis: Business as Usual? (2010, background): “26 This assessment was justified for the original formulation of Modigliani and Miller (1958). Stiglitz (1969), however, has shown that the theorem holds under much more general assumptions; see also Hellwig (1981).”
THE FINANCIAL CRISIS AND THE SYSTEMIC FAILURE OF THE ECONOMICS PROFESSION (2009, unknown): “It should also be noted that the price system itself can, like trading in securities markets, exacerbate problems rather than just neutrally transmitting information (see Hellwig 2008).”
Banks and the False Dichotomy in the Comparative Political Economy of Finance (2013, background): “91 hellwig 2009, 180; Imf 2008.”
Fire sales, indirect contagion and systemic stress testing (2017, unknown): “The amount of loss an institution can absorb before being led to deleverage is equal to its capital buffer in excess of regulatory requirements (Hellwig (2009)).”