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Financial Imbalances and Financial Fragility [PDF]
SSRN Electronic Journal, 2011 This paper develops a general equilibrium model to analyze the link between financial imbalances and financial crises. The model features an interbank market subject to frictions and where two equilibria may (co-)exist. The normal times equilibrium is characterized by a deep market with highly leveraged banks.
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Bailouts and Financial Fragility [PDF]
The Review of Economic Studies, 2010 How does the belief that policymakers will bail out investors in the event of a crisis affect the allocation of resources and the stability of the financial system? I study this question in a model of financial intermediation with limited commitment. When a crisis occurs, the efficient policy response is to use public resources to augment the private ...
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Foreign debt and financial fragility in the perspective of the emerging countries
PSL Quarterly Review, 2012 Following the financial fragility approach of H. Minsky and its later extension by J. Kregel, the paper addresses some basic aspects of the dynamics and management of foreign debt in the perspective of the emerging countries.
Mario Tonveronachi
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Empirical Analysis of the Financial Fragility of the Public Sector in South Korea
AlterEconomics, 2022 The paper contains empirical analysis of the financial fragility of the public sector in South Korea. The study’s conceptual framework relies on the financial instability hypothesis developed by American econo¬mist Hyman Minsky.
Anzhelika S. BOBRYSHOVA +1 more
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A model to analyse financial fragility [PDF]
Economic Theory, 2006 Our purpose in this paper is to produce a tractable model which illuminates problems relating to individual bank behaviour and risk-taking, to possible contagious interrelationships between banks, and to the appropriate design of prudential requirements and incentives to limit ‘excessive’ risk-taking.
Charles A.E. Goodhart +2 more
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Competition, bank fragility, and financial crisis [PDF]
Banks and Bank Systems, 2018 This paper examines how competition affects bank fragility and how this relation varies in normal times and during a financial crisis using the data from Indonesian commercial banking industry.
Dewi Hanggraeni
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Economic Vulnerability and Financial Fragility [PDF]
Review, 2013 Unfortunately, many families with the greatest exposure to the economic dislocations of the recent recession also had very risky balance sheets beforehand that were characterized by low levels of liquid assets, high portfolio concentrations in housing, and relatively high balance-sheet leverage.
Emmons, William R., Noeth, Bryan J.
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Financial Fragility and the Fiscal Multiplier [PDF]
Journal of Money, Credit and Banking, 2017 AbstractWe show that undercapitalized banks with large holdings of government bonds subject to sovereign default risk lead to a new crowding‐out channel: deficit‐financed fiscal stimuli lead to higher bond yields, triggering capital losses for the banks. Banks then cut back loans, which reduces fiscal multipliers.
van Wijnbergen, S., van der Kwaak, C.
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Nexus Between Equity Pricing Models and Equity Price Fragility: Empirical Insights From Pakistan
Frontiers in Energy Research, 2022 Purpose: The study tests conventional and behavioral pricing multifactor impact on price fragility from the equity market of Pakistan.Methodology: The positivist approach is used to deduct study rationale via probability sampling.
Muhammad Khalid Anser +7 more
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Towards a measure of financial fragility [PDF]
Annals of Finance, 2006 The paper proposes a measure of financial fragility that is based on economic welfare in a general equilibrium model calibrated against UK data. The model comprises a household sector, three active heterogeneous banks, a central bank/regulator, incomplete markets, and endogenous default.
Oriol Aspachs +3 more
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