The Squam Lake Report: Fixing the Financial System

255 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

The Leverage Ratchet Effect (2017, unknown): “In this spirit, French et al. (2010) warn against raising equity requirements for banks on the grounds that tighter equity requirements might reduce benefits from debt as a disciplining device.”
Who Borrows from the Lender of Last Resort (2016, background): “2008 financial crisis, French et al. (2010)). Our paper also connects to the growing literature on the European sovereign debt crisis.5 Recent work analyzes the effect of the crisis on banks’ credit risk, banks’ lending, and the real economy (e.g., Acharya, Drechsler, and Schnabl (2014), Becker and ”
A Macroprudential Approach to Financial Regulation (2011, background): “The first, sometimes called “reverse convertibles” or “contingent convertibles,” involves a bank issuing a debt security that automatically converts into equity if a measure of either the bank’s regulatory capital or stockmarket value falls below a fixed threshold (Flannery, 2005; French et al., 201”
Macroprudential Policy - A Literature Review (2012, unknown): “The former are debt securities that automatically convert into equity if the bank’s regulatory capital (or its stock-market value) falls below a fixed threshold (Flannery, 2005; French et al, 2010; Pennacchi, 2010).”