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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מידע ביבליוגרפי
מחבר ראשי: Agur, Itai
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2014.
סדרה:IMF Working Papers; Working Paper ; No. 2014/116
נושאים:
גישה מקוונת:Full text available on IMF