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Frontiers of finance : evolution and efficient markets

Farmer, J. Doyne; Lo, Andrew W. - In: Wirtschaftspolitische Blätter : österreichische … 47 (2000) 4, pp. 403-406

Persistent link: https://www.econbiz.de/10001572357

Systemic Risk and the Refinancing Ratchet Effect

Khandani, Amir - 2010

The confluence of three trends in the U.S. residential housing market---rising home prices, declining interest rates, and near-frictionless refinancing opportunities---led to vastly increased systemic risk in the financial system. Individually, each of these trends is benign, but when they occur...

Persistent link: https://www.econbiz.de/10013150910

Macro-finance models with nonlinear dynamics

Dou, Winston Wei; Fang, Xiang; Lo, Andrew W.; Uhling, Harald - In: Annual review of financial economics 15 (2023), pp. 407-432

Persistent link: https://www.econbiz.de/10014426342

Preface to the Annual Review of Financial Economics

Lo, Andrew W.; Merton, Robert C. - In: Annual review of financial economics 1 (2009), pp. 1-17

Persistent link: https://www.econbiz.de/10003924489

Systemic risk and the refinancing ratchet effect

Khandani, Amir E.; Lo, Andrew W.; Merton, Robert C. - 2009 - This draft: September 13, 2009

The confluence of three trends in the U.S. residential housing market - rising home prices, declining interest rates, and near-frictionless refinancing opportunities - led to vastly increased systemic risk in the financial system. Individually, each of these trends is benign, but when they occur...

Persistent link: https://www.econbiz.de/10003889053