Bank Risk Within and Across Equilibria

Bank Risk Within and Across Equilibria
The global financial crisis highlighted that the financial system can be most vulnerable when it seems most stable. This paper models non-linear dynamics in banking. Small shocks can lead from an equilibrium with few bank defaults straight to a full freeze. The mechanism is based on amplification between adverse selection on banks' funding market READ MORE...

Publication date: July 2014
ISBN 9781498306515
$18.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

Paperback

Publication date: July 2014

PDF

Publication date: July 2014

ePub

Publication date: July 2014

Mobi

Publication date: July 2014

English