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On the stability of different financial systems

Fecht, Falko - 2003

Im vorliegenden Papier wird eine Ökonomie modelliert, in der Diamond/ Dybvig- Banken neben einem Finanzmarkt … Anlagemöglichkeiten am Finanzmarkt haben. Ist der Anteil dieser Haushalte vergleichsweise gering, so entsteht ein Finanzsystem, das sich … nicht am sekundären Finanzmarkt partizipieren, handeln private Haushalte sowohl am Primär- als auch am Sekundärmarkt …

Persistent link: https://www.econbiz.de/10011432080

Exchange rate volatility and productivity growth : the role of financial development

Aghion, Philippe; Bacchetta, Philippe; Rancière, Romain; … - 2006

This paper offers empirical evidence that real exchange rate volatility can have a signi.cant impact on the long-term rate of productivity growth, but the effect depends critically on a country's level of financial development. For countries with relatively low levels of financial development,...

Persistent link: https://www.econbiz.de/10011397245

Variations in market liquidity and the intraday interest rate

Abbassi, Puriya; Fecht, Falko; Tischer, Johannes - In: Journal of money, credit and banking : JMCB 49 (2017) 4, pp. 733-765

Persistent link: https://www.econbiz.de/10011946449

Banks, markets, and financial stability

Eder, Armin; Fecht, Falko; Pausch, Thilo - 2014

We use a Diamond/Dybvig-based model with two banks operating in separate regions connected by a common asset market in which banks and sophisticated depositors invest. We study the effect of a potential run (crisis) and subsequent fire sales on the asset price in both the crisis and no-crisis...

Persistent link: https://www.econbiz.de/10010433396

Financial development and the instability of open economies

Aghion, Philippe; Bacchetta, Philippe; Banerjee, Abhijit V. - 2004

Persistent link: https://www.econbiz.de/10001903710

Financial intermediaries, markets, and growth

Fecht, Falko (contributor); Huang, Kevin X. D. (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002113104

Financial intermediaries, markets and growth

Fecht, Falko (contributor); Huang, Kevin X. D. (contributor) - 2005

We build a model in which financial intermediaries provide insurance to households against a liquidity shock. Households can also invest directly on a financial market if they pay a cost. In equilibrium, the ability of intermediaries to share risk is constrained by the market. This can be...

Persistent link: https://www.econbiz.de/10002699405

Financial intermediaries, markets and growth

Fecht, Falko; Huang, Kevin; Martin, Antoine - 2005

Persistent link: https://www.econbiz.de/10002682284

Financial development and the instability of open economies

Aghion, Philippe; Bacchetta, Philippe; Banerjee, Abhijit V. - In: Journal of monetary economics 51 (2004) 6, pp. 1077-1106

Persistent link: https://www.econbiz.de/10002222212

On the stability of different financial systems

Fecht, Falko - In: Journal of the European Economic Association 2 (2004) 6, pp. 969-1014

Persistent link: https://www.econbiz.de/10002535010