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The Role of Corporate Governance in the Events Leading Up to the Global Financial Crisis : Analysis of Aggressive Risk-Taking
Tarraf, Hussein - 2011
precisely, it studies how the current corporate governance systems failed to safeguard against aggressive risk taking and to … risk taking, a corporate governance aspect, was a major cause of the 2007-2008 financial crisis. Inadequate risk management … financial institutions to engage in aggressive risk taking. This paper contributes directly to understanding what went wrong in …
Persistent link: https://www.econbiz.de/10013123145
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Credit Booms and Lending Standards : Evidence From the Subprime Mortgage Market
Dell'Ariccia, Giovanni - 2008
This paper links the current sub-prime mortgage crisis to a decline in lending standards associated with the rapid expansion of this market. We show that lending standards declined more in areas that experienced larger credit booms and house price increases. We also find that the underlying...
Persistent link: https://www.econbiz.de/10014409025
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Variable rare disasters : an exactly solved framework for ten puzzles in macro-finance
Gabaix, Xavier - In: The quarterly journal of economics 127 (2012) 2, pp. 645-700
Persistent link: https://www.econbiz.de/10009544374
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The role of corporate governance in the events leading up to the global financial crisis : analysis of aggressive risk-taking
Tarraf, Hussein - In: Global journal of business research : GJBR 5 (2011) 4, pp. 93-105
Persistent link: https://www.econbiz.de/10009012806
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Risk and energy infrastructure : cross-border dimensions
Dimitroff, Thomas J. - 2011
Persistent link: https://www.econbiz.de/10009270203
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Prominent numbers, indices and ratios in exchange rate determination and financial crashes : in Economists' models, in the field and in the laboratory
Pope, Robin; Selten, Reinhard; Kube, Sebastian; Hagen, … - 2009
knowledge ahead faced under risk and uncertainty, namely models under the umbrella of SKAT, the Stages of Knowledge Ahead Theory …
Persistent link: https://www.econbiz.de/10003867227
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More or less aggressive? : robust monetary policy in a New Keynesian model with financial distress
Gerke, Rafael; Hammermann, Felix; Lewis, Vivien - 2009
This paper investigates the optimal monetary policy response to a shock to collateral when policymakers act under discretion and face model uncertainty. The analysis is based on a New Keynesian model where banks supply loans to transaction constrained consumers. Our results confirm the...
Persistent link: https://www.econbiz.de/10003870845
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Variable rare disasters : an exactly solved framework for ten puzzles in macro-finance
Gabaix, Xavier - 2008
"This paper incorporates a time-varying intensity of disasters in the Rietz-Barro hypothesis that risk premia result …-varying amount. This in turn generates time-varying risk premia and thus volatile asset prices and return predictability. Using the … qualitatively: (i) equity premium puzzle (ii) risk-free rate-puzzle (iii) excess volatility puzzle (iv) predictability of aggregate …
Persistent link: https://www.econbiz.de/10003627561
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Financial system risk and flight to quality
Caballero, Ricardo J.; Krishnamurthy, Arvind - 2005
Persistent link: https://www.econbiz.de/10003236358