Restoring financial stability : how to repair a failed system

By V. Acharya, Matthew Richardson. 2009

712 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/f74ff71bcdf34c45c6f3597d14d2215a63ad171e

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Citations in the corpus

The Rise of Shadow Banking: Evidence from Capital Regulation (2018, positive): “Acharya and Richardson (2009) argue that shadow banks avoid capital requirements—and thus possess a cost advantage in good times— but benefit from government bailouts when extreme losses arrive, possibly due to affiliations with traditional banks either directly or indirectly via guarantees (Acharya”
Systemic Risk Measures: The Simpler the Better? (2013, background): “Acharya and Richardson (2009) discuss the factors causing the near collapse of the global financial system (mainly the combination of a credit boom and a housing bubble) and give several proposals for regulatory reform.”
The impact of securitization on the expansion of subprime credit (2013, neutral): “Acharya, Schnabl, and Suarez (2009) and Acharya and Richardson (2009) argue that securitization increased to facilitate regulatory capital arbitrage via asset-backed commercial paper programs. Loutskina and Strahan (2009) demonstrate the sensitivity of a bank’s mortgage lending decisions to the abil”
Quantification of systemic risk from overlapping portfolios in the financial system (2018, background): “…is hard to obtain outside Central Banks and is not publicly available, there have been several attempts to quantify systemic importance of institutions without the explicit knowledge of the underlying networks (Cooley et al., 2009; Adrian and Brunnermeier, 2011; Acharya et al., 2012, 2013).”
Leverage across firms, banks, and countries ☆ (2012, neutral): “The names of the sponsor banks are taken from Acharya and Schnabl (2009).”
How did Financial Reporting Contribute to the Financial Crisis? (2010, background): “16 An additional challenge bank investors face is that for reputational or other reasons, the bank may assume more risk related to the SPE’s assets than is required by the securitization agreement.”
Bank Risk-Taking, Securitization, Supervision and Low Interest Rates: Evidence from the Euro Area and the U.S. Lending Standards (2011, neutral): “What were the causes of the financial crisis? Taylor (2008), Allen and Carletti (2009), Acharya and Richardson (2010), and Rajan (2010a) suggest that the key contributing factors were an excessive softening of lending standards due to too low levels of short-term (monetary policy) and long term (gov”
Financial Stability Frameworks and the Role of Central Banks: Lessons from the Crisis (2009, neutral): “See also Acharya and Richardson (2009).”