Zobrazeno 1 - 5
of 5
pro vyhledávání: '"Levent Altinoglu"'
Autor:
Levent Altinoglu, Joseph E. Stiglitz
Publikováno v:
American Economic Journal: Macroeconomics. 15:35-64
The concentration of risk within the financial system leads to systemic instability. We propose a theory to explain the structure of the financial system and show how it alters the risk-taking incentives of financial institutions when the government
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::64692b8e2caccc5091abd6fc0009f1cc
https://doi.org/10.1257/mac.20210333
https://doi.org/10.1257/mac.20210333
Autor:
Jin-Wook Chang, Levent Altinoglu
Publikováno v:
Finance and Economics Discussion Series. :1-82
We develop a theory of learning in a model of fire sales and collateralized debt to study how beliefs about fundamentals are shaped by market conditions. Agents exchange short-term debt contracts to invest in a long-term risky asset, and receive shoc
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::6962cc32a245624d6312e242d949b927
https://doi.org/10.17016/feds.2022.052
https://doi.org/10.17016/feds.2022.052
Autor:
Levent Altinoglu, Joseph E. Stiglitz
Publikováno v:
Finance and Economics Discussion Series. 2020:1-60
The concentration of risk within financial system is considered to be a source of systemic instability. We propose a theory to explain the structure of the financial system and show how it alters the risk taking incentives of financial institutions.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::6b806e3cd2a94c320fb96cbddc27d884
https://doi.org/10.17016/feds.2020.098
https://doi.org/10.17016/feds.2020.098
Autor:
Levent Altinoglu
Publikováno v:
Finance and Economics Discussion Series. 2018
I show that inter-firm lending plays an important role in business cycle fluctuations. I first build a tractable network model of the economy in which trade in intermediate goods is financed by supplier credit. In the model, a financial shock to one
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::be80bb1fcbedcf7d47fb093abda270e7
https://doi.org/10.17016/feds.2018.031
https://doi.org/10.17016/feds.2018.031