The Role of Liquidity in Financial Crises
By Franklin Allen, Elena Carletti. 2008
149 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/fc8e4eb4f422f6216ce74f941427936dba1183a7
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Frédéric Malherbe
- Amir Ehsan Khandani
- Andrew W. Lo
- Edib Smolo
- Abbas Mirakhor
- Marie Hoerova
- Cornelia Holthausen
- Florian Heider
In Finance
- Frédéric Malherbe
- Amir Ehsan Khandani
- Andrew W. Lo
- Edib Smolo
- Abbas Mirakhor
- Marie Hoerova
- Cornelia Holthausen
- Florian Heider
Citations in the corpus
- Self-Fulfilling Liquidity Dry-Ups (2014, background): “34See Brunnermeier (2009) for a chronology of the crisis and Allen and Carletti (2008) for a focus on liquidity issues. 35See http://www.federalreserve.gov/econresdata/releases/statisticsdata.htm for publicly available data. 36Cash-in-the-market and similar mechanisms have been widely used in the li”
- Liquidity Hoarding and Interbank Market Spreads: The Role of Counterparty Risk (2009, background): “The di¤erence to the objective function of a type-(l; ) bank in the benchmark case (equation (3)) is the expected loan repayment.”
- What Happened to the Quants in August 2007?: Evidence from Factors and Transactions Data (2010, background): “Allen and Carletti (2008) provide a more detailed analysis of the role of liquidity in the financial crisis and consider the source of the current “cash-in-themarket” pricing, i.”
- Do Interbank Customer Relationships Exist? And How Did They Function in the Crisis? Learning from Italy (2012, unknown): “Its malfunctioning in several systems during the crisis is accordingly a cause of concern (Allen and Carletti, 2008; Brunnermeier, 2009; Heider, Hoerova and Holthausen, 2009).”
- Liquidity hoarding and interbank market rates: The role of counterparty risk (2015, unknown): “0��I�1 �lp[R� I + p(1 + r)Ll (1 �l)c2] ( 3 ) + �hp[R�I (1 + r)Lh (1 �h)c2]”
- Fear of Fire Sales and the Credit Freeze (2009, unknown): “…to the literature, including papers by Acharya, Gale, and Yorulmazer (2009), Allen, Carletti and Gale (2009), Allen and Gale (1998, 2000, 2003), Allen and Carletti (2008), Bhattacharya and Gale (1988), Bolton, Santos and Scheinkman (2008), Diamond and Rajan (2005), Heider, Hoerova and…”
- The global financial crisis and its implications for the Islamic financial industry (2010, background): “The initial trigger of the crisis was the dramatic fall of housing prices and defaults on subprime mortgages ( Allen and Carletti, 2008”