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Financial intermediation, regulation and the creation of macroeconomic risks

Gersbach, Hans - 1998

Persistent link: https://www.econbiz.de/10001369561

Gersbach, Hans; Rochet, Jean-Charles; Scheffel, Martin - In: Contemporary issues in macroeconomics : lessons from …, (pp. 176-198). 2016

Persistent link: https://www.econbiz.de/10011433011

On the economics of crisis contracts

Aptus, Elias; Britz, Volker; Gersbach, Hans - 2016

Persistent link: https://www.econbiz.de/10011502345

Preventing bank runs

Andolfatto, David; Nosal, Ed; Sultanum, Bruno - 2014

Diamond and Dybvig (1983) is commonly understood as providing a formal rationale for the existence of bank-run equilibria. It has never been clear, however, whether bank-run equilibria in this framework are a natural byproduct of the economic environment or an artifact of suboptimal contractual...

Persistent link: https://www.econbiz.de/10010439754

Financial intermediation and the creation of macroeconomic risks

Gersbach, Hans - 2002

We examine financial intermediation when banks can offer deposit or loan contracts contingent on macroeconomic shocks. We show that the risk allocation is efficient if there is no workout of banking crises. In this case, banks will shift part of the risk to depositors. In contrast, under a...

Persistent link: https://www.econbiz.de/10011409445

Preventing bank runs

Andolfatto, David; Nosal, Ed; Sultanum, Bruno - In: Theoretical economics : TE ; an open access journal in … 12 (2017) 3, pp. 1003-1028

The work of Diamond and Dybvig, 1983 is commonly understood as a theory of bank runs driven by self …-fulfilling prophecies. Their contribution may alternatively be interpreted as a theory for preventing these bank runs. Absent aggregate risk …-run equilibrium, which suggests that Diamond and Dybvig, 1983 can be understood as a theory of bank runs. The use of direct mechanisms …

Persistent link: https://www.econbiz.de/10011744046

The dynamics of deposit insurance and the consumption trap

Gersbach, Hans; Wenzelburger, Jan - 2001

We investigate a banking system subject to repeated macroeconomic shocks and show that without deposit rate control, the banking system collapses with certainty. Any initial level of reserves will delay the collapse but not avoid it. Even without a banking collapse, the economy still converges...

Persistent link: https://www.econbiz.de/10011399268

Taking banks to solow

Gersbach, Hans; Rochet, Jean-Charles; Scheffel, Martin - 2015

Persistent link: https://www.econbiz.de/10010495413

Crisis Contracts

Aptus, Elias; Britz, Volker; Gersbach, Hans - In: Economic theory : official journal of the Society for … 70 (2020) 1, pp. 121-164

Persistent link: https://www.econbiz.de/10012240855

Banking-on-the-average rules : editor's choice

Gersbach, Hans; Hahn, Volker - In: CESifo economic studies : a joint initiative of the … 65 (2019) 2, pp. 131-153

Persistent link: https://www.econbiz.de/10012117631