Matches in SemOpenAlex for { <https://semopenalex.org/work/W2101609246> ?p ?o ?g. }
- W2101609246 abstract "This paper develops a general equilibrium model to study the interplay between the interbank market run (the run by banks on the interbank market, such as the (bilateral) Repo run) and creditor runs (runs by non-bank creditors on a bank) in a …nancial system. We …rst present a novel framework to endogenize the interbank market. In our framework, the illiquidity risk of banks is endogenous, originating in the insolvency risk. The role of the interbank market is to allow banks in the …nancial system with idiosyncratic solvency shocks to trade short-term funds to solve their illiquidity problem and thus mitigate the potential creditor runs. With this framework, we then show that the interbank market run and creditor runs interact and in fact reinforce each other, and the feedback can amplify a small aggregate shock into the joint event of “interbank market freezing”and “liquidity evaporating”, which helps explain a systemic crisis. JEL classi…cation: G01; G21; D83; D53" @default.
- W2101609246 created "2016-06-24" @default.
- W2101609246 creator A5076573585 @default.
- W2101609246 date "2014-01-01" @default.
- W2101609246 modified "2023-09-26" @default.
- W2101609246 title "The Interbank Market Run and Creditor Runs" @default.
- W2101609246 cites W135062776 @default.
- W2101609246 cites W1525867147 @default.
- W2101609246 cites W1545420549 @default.
- W2101609246 cites W1559496943 @default.
- W2101609246 cites W163293550 @default.
- W2101609246 cites W1963815724 @default.
- W2101609246 cites W1970927602 @default.
- W2101609246 cites W1984416244 @default.
- W2101609246 cites W2019222975 @default.
- W2101609246 cites W2024889806 @default.
- W2101609246 cites W2030597046 @default.
- W2101609246 cites W2063436542 @default.
- W2101609246 cites W2069666581 @default.
- W2101609246 cites W2071059350 @default.
- W2101609246 cites W2102137852 @default.
- W2101609246 cites W2107680812 @default.
- W2101609246 cites W2107995342 @default.
- W2101609246 cites W2108817744 @default.
- W2101609246 cites W2117236990 @default.
- W2101609246 cites W2128679884 @default.
- W2101609246 cites W2128729060 @default.
- W2101609246 cites W2148083922 @default.
- W2101609246 cites W2148583726 @default.
- W2101609246 cites W2156625082 @default.
- W2101609246 cites W2157509893 @default.
- W2101609246 cites W2168732984 @default.
- W2101609246 cites W2207893187 @default.
- W2101609246 cites W3023168641 @default.
- W2101609246 cites W3092524962 @default.
- W2101609246 cites W3121435949 @default.
- W2101609246 cites W3121441709 @default.
- W2101609246 cites W3121456433 @default.
- W2101609246 cites W3121630491 @default.
- W2101609246 cites W3121820213 @default.
- W2101609246 cites W3121947376 @default.
- W2101609246 cites W3122053548 @default.
- W2101609246 cites W3122282936 @default.
- W2101609246 cites W3122576247 @default.
- W2101609246 cites W3122683188 @default.
- W2101609246 cites W3122762146 @default.
- W2101609246 cites W3123740414 @default.
- W2101609246 cites W3123832906 @default.
- W2101609246 cites W3123917239 @default.
- W2101609246 cites W3123997422 @default.
- W2101609246 cites W3124136865 @default.
- W2101609246 cites W3124502839 @default.
- W2101609246 cites W3124527955 @default.
- W2101609246 cites W3124601445 @default.
- W2101609246 cites W3124914565 @default.
- W2101609246 cites W3125121166 @default.
- W2101609246 cites W3125346440 @default.
- W2101609246 cites W3125394135 @default.
- W2101609246 cites W3125636817 @default.
- W2101609246 cites W3126113144 @default.
- W2101609246 cites W3139998473 @default.
- W2101609246 cites W48805805 @default.
- W2101609246 hasPublicationYear "2014" @default.
- W2101609246 type Work @default.
- W2101609246 sameAs 2101609246 @default.
- W2101609246 citedByCount "0" @default.
- W2101609246 crossrefType "journal-article" @default.
- W2101609246 hasAuthorship W2101609246A5076573585 @default.
- W2101609246 hasConcept C10138342 @default.
- W2101609246 hasConcept C120527767 @default.
- W2101609246 hasConcept C126322002 @default.
- W2101609246 hasConcept C139719470 @default.
- W2101609246 hasConcept C144133560 @default.
- W2101609246 hasConcept C144587487 @default.
- W2101609246 hasConcept C159091798 @default.
- W2101609246 hasConcept C162324750 @default.
- W2101609246 hasConcept C174106034 @default.
- W2101609246 hasConcept C175025494 @default.
- W2101609246 hasConcept C183582576 @default.
- W2101609246 hasConcept C23952128 @default.
- W2101609246 hasConcept C2778215004 @default.
- W2101609246 hasConcept C2778300220 @default.
- W2101609246 hasConcept C2781300812 @default.
- W2101609246 hasConcept C4163816 @default.
- W2101609246 hasConcept C556758197 @default.
- W2101609246 hasConcept C71924100 @default.
- W2101609246 hasConcept C73283319 @default.
- W2101609246 hasConcept C94866938 @default.
- W2101609246 hasConceptScore W2101609246C10138342 @default.
- W2101609246 hasConceptScore W2101609246C120527767 @default.
- W2101609246 hasConceptScore W2101609246C126322002 @default.
- W2101609246 hasConceptScore W2101609246C139719470 @default.
- W2101609246 hasConceptScore W2101609246C144133560 @default.
- W2101609246 hasConceptScore W2101609246C144587487 @default.
- W2101609246 hasConceptScore W2101609246C159091798 @default.
- W2101609246 hasConceptScore W2101609246C162324750 @default.
- W2101609246 hasConceptScore W2101609246C174106034 @default.
- W2101609246 hasConceptScore W2101609246C175025494 @default.
- W2101609246 hasConceptScore W2101609246C183582576 @default.
- W2101609246 hasConceptScore W2101609246C23952128 @default.