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The Macroeconomic Effects of Shadow Banking Panics
Pöschl, Johannes - 2021
We study the effects of shadow banking panics in a macroeconomic model with a rich financial system, including deposit-financed retail banks and wholesale-financed shadow banks. Shadow banking panics occur when retail banks choose not to roll over their lending to shadow banks. Occasionally...
Persistent link: https://www.econbiz.de/10013241368
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Shadow banking and financial stability under limited deposit insurance
Voellmy, Lukas - 2019
I study the relation between shadow banking and financial stability in an economy in which banks are susceptible to self-fulfilling runs and in which government-backed deposit insurance is limited. Shadow banks issue only uninsured deposits while commercial banks issue both insured and uninsured...
Persistent link: https://www.econbiz.de/10012135982
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The Macroeconomics of Shadow Banking
Moreira, Alan - 2014
collateral is scarce. We call this process shadow banking. A rise in uncertainty raises demand for crash-proof liquidity, forcing … intermediaries to delever and substitute toward safe, collateral- intensive liabilities. Shadow banking shrinks, causing the … liquidity supply to contract, discount rates and collateral premia spike, prices and investment fall. The model produces slow …
Persistent link: https://www.econbiz.de/10013050154
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The macroeconomics of shadow banking
Moreira, Alan; Savov, Alexi - 2014
Persistent link: https://www.econbiz.de/10010394625
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The Macroeconomics of Shadow Banking
Moreira, Alan - 2014
collateral is scarce. We call this process shadow banking. A rise in uncertainty raises demand for crash-proof liquidity, forcing … intermediaries to delever and substitute toward safe, collateral- intensive liabilities. Shadow banking shrinks, causing the … liquidity supply to contract, discount rates and collateral premia spike, prices and investment fall. The model produces slow …
Persistent link: https://www.econbiz.de/10012458332
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The macroeconomics of shadow banking
Moreira, Alan; Savov, Alexi - In: The journal of finance : the journal of the American … 72 (2017) 6, pp. 2381-2432
Persistent link: https://www.econbiz.de/10012159875
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The macroeconomics of shadow banking
Botta, Alberto; Caverzasi, Eugenio; Tori, Daniele - In: Macroeconomic dynamics 24 (2020) 1, pp. 161-190
Persistent link: https://www.econbiz.de/10012163603
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Shadow bank runs
Andolfatto, David; Nosal, Ed - 2020
Short-term debt is commonly used to fund illiquid assets. A conventional view asserts that such arrangements are run-prone in part because redemptions must be processed on a first-come, first-served basis. This sequential service protocol, however, appears absent in the wholesale banking...
Persistent link: https://www.econbiz.de/10012262222
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The prudential toolkit with shadow banking
Hachem, Kinda; Kunci, Martin - 2025 - Revised March 2025
Several countries now require banks or money market funds to impose state-contingent costs on shortterm creditors to absorb financial stress. We study these requirements as part of the broader prudential toolkit in a model with five key ingredients: banks may face an aggregate stress state with...
Persistent link: https://www.econbiz.de/10015329942
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The funds concentration effect and discriminatory bailout
Erlenmaier, Ulrich; Gersbach, Hans - 2001
In the presence of macroeconomic shocks severe enough to threaten the liquidity or solvency of the banking system, the regulator can rely on the funds concentration effect to save long-term investment projects. Some banks are forced into bankruptcy with the result that other banks obtain more...
Persistent link: https://www.econbiz.de/10011400865