Slapped by the Invisible Hand: The Panic of 2007

By Gary B. Gorton. 2010

547 citations recorded by the source corpus.

Subfields: Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/df397245c1b0637ae6e5dd511237925bb7e83428

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In Sociology and Political Science

Citations in the corpus

Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Expensive (2013, background): “33 See, e.g., Dang, Gorton, Holmström (2009), and Gorton (2010).”
Macroprudential Policy - A Literature Review (2012, unknown): “3 Gorton and Winton (2003) provide a detailed survey of this literature.”
Cross-border banking, credit access, and the financial crisis (2012, background): “…the recent decade —so much so that by 2008 foreign banks controlled around four fifths of the assets in the region’s banking industry.3 Shocks to the 1See, for example, Brunnermeier (2009), Gorton (2010), and Ivashina and Scharfstein (2010) for a timeline of the 2007-2008 global financial crisis.”
Strategic management during the financial crisis: How firms adjust their strategic investments in response to credit market disruptions (2021, unknown): “Importantly, there is no reason to expect any systematic differences between 13 See Acharya et al. (2009), Brunnermeier (2009), and Gorton (2010) for a description of the various factors that led to the financial crisis. companies whose…”
Psychology and the Financial Crisis of 2007-2008 (2011, background): “When house prices started falling, the value of these holdings also fell, triggering what Gorton (2010) describes as a crippling run on the banking system.”
Real interest rates, leverage, and bank risk-taking (2014, background): “This was especially the case because the interbank markets froze and the supply of external capital for US banks became scarce and turned expensive in part due to heightened concerns about bank insolvencies and increased counterparty risk between financial institutions (see Acharya and Richardson [1”
Why Didn't Canada Have a Banking Crisis in 2008 (or in 1930, or 1907, or ...)? (2015, unknown): “What is clear is that the crisis of 2007-8 was, as Gary Gorton (2010) has argued persuasively, a return to the full-scale financial crises of the nineteenth century.”
Wholesale Banking and Bank Runs in Macroeconomic Modeling of Financial Crises (2016, unknown): “Using equation (41) to substitute for xt+1 in (44) we obtain a menu of promised rates:(35) R̄bt+1 (φ w t ) = (1− γ)Rt+1 + γ Et ( Ωt+1R r kt+1 ) Et ( Ωt+1 )”
The Safety Trap (2017, background): “For reasons that will appear clear below, we assume that new trees are initially endowed to Neutral newborns.(20) A fraction ρ of these new trees can be tranched into a safe and a risky component.”