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Do Phoenix Miracles Exist? Firm-Level Evidence from Financial Crises

open access: green, 2012
Meghana Ayyagari   +2 more
openalex   +1 more source

Financial crises

SSRN Electronic Journal, 2018
Financial crises are runs on short-term debt. Whatever its form, short-term debt is an inherent feature of a market economy. A run is an information event in which holders of short-term debt no longer want to lend to banks because they receive information leading them to suspect the value of the backing for the debt, so they run.
Gary B. Gorton
semanticscholar   +5 more sources

Financial Crises: A Survey

Social Science Research Network, 2021
Financial crises have large deleterious effects on economic activity, and as such have been the focus of a large body of research. This study surveys the existing literature on financial crises, exploring how crises are measured, whether they are ...
Amir Sufi, Alan M. Taylor
semanticscholar   +1 more source

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