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Bailout Uncertainty in a Microfounded General Equilibrium Model of the Financial System
Cukierman, Alex - 2011
lenders' beliefs about the probability of bailout. Events like Lehman's collapse are conceived of as ”black swan” events that … led lenders to put a positive mass on bailout probabilities that were previously assigned zero mass.Results of the … analysis include: (i) An unanticipated increase in bailout uncertainty raises interest rates, the volume of defaults in both …
Persistent link: https://www.econbiz.de/10013122330
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Bailout uncertainty in a microfounded general equilibrium model of the financial system
Cukierman, Alex; Izhakian, Yehuda - In: Journal of banking & finance 52 (2015), pp. 160-179
Persistent link: https://www.econbiz.de/10011377355
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Bailout Uncertainty in a Microfounded General Equilibrium Model of the Financial System
Cukierman, Alex - 2012
lenders' beliefs about the probability of bailout. Events like Lehman's collapse are conceived of as "black swan" events that … led lenders to put a positive mass on bailout probabilities that were previously assigned zero mass. Results of the … analysis include: (i) An unanticipated increase in bailout uncertainty raises interest rates, the volume of defaults in both …
Persistent link: https://www.econbiz.de/10013113858
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Monetary Analysis and the Global Financial Cycle : An Asian Central Bank Perspective
Filardo, Andrew J. - 2014
EM Asia has seen a transformation of its monetary policy environment over the past 2 decades. By far, the most relevant change has been the maturing of its financial systems and the growing relevance of the global financial cycle: financial inclusion has spread, financial markets have deepened...
Persistent link: https://www.econbiz.de/10013047524
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International Monetary Spillovers
Hofmann, Boris - 2015
Interest rates have moved closely together internationally in recent years, despite business cycles often being at different stages across countries. We investigate whether international monetary spillovers drove this co-movement, ie whether interest rates in core advanced economies drove...
Persistent link: https://www.econbiz.de/10013015293
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A retrospective on the subprime crisis and its aftermath ten years after Lehman's collapse
Cukierman, Alex - 2018
Persistent link: https://www.econbiz.de/10012109724
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Monetary facts revisited
Gertler, Pavel; Hofmann, Boris - 2016
"This paper uses a cross-country database covering 46 economies over the post-war period to revisit two key monetary facts: (i) the long-run link between money growth and inflation and (ii) the link between credit growth and financial crises. The analysis reveals that the former has weakened...
Persistent link: https://www.econbiz.de/10011533713
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A retrospective on the subprime crisis and its aftermath ten years after Lehman’s collapse
Cukierman, Alex - In: Economic systems 43 (2019) 3/4, pp. 1-20
Persistent link: https://www.econbiz.de/10012314180
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The influence of monetary policy on bank profitability
Borio, Claudio E. V.; Gambacorta, Leonardo; Hofmann, Boris - 2015
Persistent link: https://www.econbiz.de/10011435840
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The influence of monetary policy on bank profitability
Borio, Claudio E. V.; Gambacorta, Leonardo; Hofmann, Boris - In: International finance 20 (2017) 1, pp. 48-63
Persistent link: https://www.econbiz.de/10011811314