Inside and Outside Liquidity

By Bengt R. Holmstrom, Jean Tirole. 2011

175 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/cef82d4f2c14dcbb9cbf75b98cfe23e8f86cec28

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Citations in the corpus

Capital requirements, risk choice, and liquidity provision in a business-cycle model (2020, unknown): “The idea to interpret bank debt as such goes 14Other papers have build upon this idea, see Diamond and Rajan (2000), Gorton and Pennacchi (1990), and Holmström and Tirole (2011). back to Gorton and Pennacchi (1990) and is also present in Gorton et al. (2012)15.”
Corporate Liquidity Management: A Conceptual Framework and Survey (2014, unknown): “Holmstrom & Tirole (2011) use this insight to discuss government intervention during the recent financial crisis.”
Can currency competition work? (2016, methodology): “In this respect, our analysis can be viewed as also belonging to the literature on the provision of liquidity by productive firms (Holmström and Tirole, 2011; Dang, Gorton, Holmström, and Ordoñez, 2014; and Geromichalos and Herrenbrueck, 2016).”
Shadow Banks and Macroeconomic Instability (2017, unknown): “…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 collateral value comes from the change in bankruptcy provisions discussed in Perotti (2010).”
Banking and Trading (2012, background): “Overall, from (17-19), we observe that, in comparison to stand-alone banking, the engagement in trading increases profitability initially (for low ) but can lead to a loss of profitability for higher .”
The History and Economics of Safe Assets (2016, background): “Holmström & Tirole (1997, 1998, 2011) think of liquidity as being pledgeable cash flows, i.e., assets with cash flows that are readily verifiable.”
Information, Liquidity, Asset Prices, and Monetary Policy (2012, background): “Such restrictions on asset transferability are often imposed exogenously – with Kiyotaki and Moore [25], [26] and Holmstrom and Tirole [19] providing some of the best examples – but here the restriction is an equilibrium outcome.”