Financial Crises: Theory and Evidence

By Franklin Allen, Ana Babus, Elena Carletti. 2009

281 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/f0b6d44e4ceefbfa16c0d1cf243de09a28a7c9a9

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Citations in the corpus

An Overview of the Crisis: Causes, Consequences, and Solutions (2010, unknown): “The first problem is inefficient liquidity provision (see, e.g., Allen and Gale 2004; Allen and Carletti 2006; Allen et al. 2009).”
Asset commonality, debt maturity and systemic risk. (2012, unknown): “Contagion refers to the risk that the failure of one nancial institution leads to the default of others through a domino e¤ect in the interbank market, the payment system, or though asset prices (see, for example, the survey in Allen, Babus, and Carletti, 2009).”
Runs on Money Market Mutual Funds (2016, unknown): “, Goldstein and Pauzner (2005), typically divide the support of the fundamental into three regions: (1) the fundamental is sufficiently weak that the fund is liquidated regardless of any depositor behavior, (2) the fundamental is sufficiently strong that the fund always survives, and (3) the fund’s ”
Cross-Border Interbank Networks, Banking Risk and Contagion (2015, background): “5See Allen et al. (2012) and Cabrales et al. (2013) for analytical models on network formation, welfare considerations and the trade-off between insurance and contagion risk.”
Systemic Sovereign Credit Risk: Lessons from the U.S. and Europe (2013, background): “These events have raised fears that sovereign credit risk may be far more systemic in nature than previously anticipated.”
Ignorance, Debt and Financial Crises + (2012, background): “4See Allen, Babus, and Carletti (2009) for a survey.”
Syndication, Interconnectedness, and Systemic Risk (2018, unknown): “…that interconnectedness can increase systemic risk through various forms of financial contagion, because of common exposures in times of crises (Allen et al., 2009; Castiglionesi and Navarro, 2010; Ibragimov et al., 2011; Wagner, 2010).3 The first channel relies on direct linkages between…”
Cross-Border Banking in Europe: Implications for Financial Stability and Macroeconomic Policies (2011, background): “For a survey of various channels of contagion, see Allen, Babus, and Carletti (2009).”
The “Big C”: identifying and mitigating contagion (2012, background): “An excellent discussion of mechanisms linking banks, crises and contagion is Allen et al. (2009).”