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 be...

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Détails bibliographiques
Auteur principal: Agur, Itai
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2014.
Collection:IMF Working Papers; Working Paper ; No. 2014/116
Sujets:
Accès en ligne:Full text available on IMF