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...

Szczegółowa specyfikacja

Opis bibliograficzny
1. autor: Agur, Itai
Format: Czasopismo
Język:English
Wydane: Washington, D.C. : International Monetary Fund, 2014.
Seria:IMF Working Papers; Working Paper ; No. 2014/116
Hasła przedmiotowe:
Dostęp online:Full text available on IMF