Zobrazeno 1 - 10
of 13
pro vyhledávání: '"Ettore Panetti"'
Autor:
Filomena Garcia, Ettore Panetti
Publikováno v:
Economic Theory.
Does wealth inequality make financial crises more likely? If so, how can a government intervene, and how does this affect the distribution of resources in the economy? To answer these questions, we study a banking model where strategic complementarit
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::b213f65753f3f0a7f8e7d0385ff9cce4
https://doi.org/10.1007/s00199-022-01424-6
https://doi.org/10.1007/s00199-022-01424-6
Does the level of deposits matter for bank fragility and efficiency? In a banking model with endogenous bank runs and a consumption-saving decision, we show that the level of deposits has opposite effects on bank fragility depending on the nature of
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______3730::7acc2292e2e273cc69cff8910781771b
http://hdl.handle.net/11588/868061
http://hdl.handle.net/11588/868061
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::68d9cc70515cde49d91bcf7b1f385a67
https://doi.org/10.2139/ssrn.4006854
https://doi.org/10.2139/ssrn.4006854
Autor:
Ettore Panetti
How important is it to distinguish relative risk aversion (RRA) from the intertemporal elasticity of substitution (IES) to study banks’ provision of liquidity insurance and the effectiveness of deposit freezes against depositors’ panic runs? To a
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::b9d824d036cf60e7d83080d3110de118
http://hdl.handle.net/11588/868046
http://hdl.handle.net/11588/868046
Publikováno v:
SSRN Electronic Journal.
This paper documents the redistributive effects of monetary policy on labor market outcomes via the credit channel. For identification, we exploit matched administrative datasets in Portugal - employee-employer and credit registers - and monetary pol
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::986362dde085bf8ae565e8077abd000c
https://doi.org/10.2139/ssrn.3930286
https://doi.org/10.2139/ssrn.3930286
Autor:
Elena Mattana, Ettore Panetti
Publikováno v:
Mattana, E & Panetti, E 2021, ' The Welfare Costs of Self-fulfilling Bank Runs ', Journal of Money, Credit and Banking, vol. 53, no. 2-3, pp. 401-440 . https://doi.org/10.1111/jmcb.12695
We study the welfare implications of self-fulfilling bank runs and liquidity require-ments, in a neoclassical growth model where banks, facing long-lasting possible runs, can choose in any period a run-proof asset portfolio. In this framework, runs d
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::e263070b53baed27c469749d86497f6c
http://hdl.handle.net/11588/831216
http://hdl.handle.net/11588/831216
Autor:
Ettore Panetti
Publikováno v:
Studies in Economics and Finance. 33:660-678
Purpose This paper aims to reconsider the role of asset-market participation in Diamond-Dybvig economies, to reconcile the existence of asset markets as a channel for financial integration with the distortions that they might impose on the banking sy
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::f8a0575056135821e50d4a3ee5e94fd2
https://doi.org/10.1108/sef-06-2015-0160
https://doi.org/10.1108/sef-06-2015-0160
Autor:
Ettore Panetti, Luca Deidda
Publikováno v:
SSRN Electronic Journal.
We propose a novel theory of banks’ liquidity management and financial fragility. Banks hold liquidity and an illiquid productive asset, thereby engaging in maturity transformation, and insure their depositors against idiosyncratic and aggregate sh
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::06760fdcf51c1d7e76f4be942784be67
https://doi.org/10.2139/ssrn.3459445
https://doi.org/10.2139/ssrn.3459445
Autor:
Ettore Panetti, Luca Deidda
Publikováno v:
SSRN Electronic Journal.
We study a novel mechanism through which systemic risk, in the form of self-fulfilling runs, forces the banks to hoard liquidity. To this end, we develop an environment where banks offer insurance to their depositors against both idiosyncratic and ag
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::1e35262434385c74e96f0e54a0caefba
https://doi.org/10.2139/ssrn.2980873
https://doi.org/10.2139/ssrn.2980873
Autor:
Ettore Panetti
Publikováno v:
International Review of Financial Analysis. 36:20-35
How do market-based channels for the provision of liquidity affect financial liberalization and contagion? In order to answer this question, I extend the Diamond and Dybvig (1983) model of financial intermediation to a two-country environment with un
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::39c63ff2f8e97a615953f01ad5a4a627
https://doi.org/10.1016/j.irfa.2014.05.005
https://doi.org/10.1016/j.irfa.2014.05.005