Zobrazeno 1 - 7
of 7
pro vyhledávání: '"Adrien d'Avernas"'
Autor:
Saki Bigio, Adrien d'Avernas
Publikováno v:
American Economic Journal: Macroeconomics. 13:142-181
Financial crises appear to persist if banks fail to be recapitalized quickly after large losses. I explain this impediment through a model where banks provide intermediation services in asset markets with informational asymmetries. Intermediation is
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::adfd1f0709845e162ccacc0cf9b68f8a
https://doi.org/10.1257/mac.20160286
https://doi.org/10.1257/mac.20160286
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::3f15224ed77f876e5af019a7e455ed3d
https://doi.org/10.2139/ssrn.4226027
https://doi.org/10.2139/ssrn.4226027
Publikováno v:
NBER Macroeconomics Annual. 33:81-145
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::8192d4ad1330411b0c42e2222c8d406f
https://doi.org/10.1086/700893
https://doi.org/10.1086/700893
Publikováno v:
SSRN Electronic Journal.
This paper investigates the efficiency of various monetary policy instruments to stabilize asset prices in a liquidity crisis. We propose a macro-finance model featuring both traditional and shadow banks subject to funding risk. When banks are well c
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::7fc4f1c6adc0f64fd40061436729b6ea
https://doi.org/10.2139/ssrn.3500556
https://doi.org/10.2139/ssrn.3500556
Banks’ ratio of the market value to book value of their equity was close to 1 until the 1990s, then more than doubled during the 1996–2007 period, and fell again to values close to 1 after the 2008...
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::68f9055e75ae2236c62d8025ea8ca5c9
https://doi.org/10.3386/w24706
https://doi.org/10.3386/w24706
Autor:
Adrien d'Avernas
Publikováno v:
SSRN Electronic Journal.
In this paper, I provide a structural approach to quantify the forces that govern the joint dynamics of corporate bond credit spreads and equity volatility. I build a dynamic model and estimate a wide array of fundamental shocks using a large firm-le
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::6cca303aa6ebecedd7d05ac8b2930327
https://doi.org/10.2139/ssrn.3108442
https://doi.org/10.2139/ssrn.3108442