FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2126120326> ?p ?o ?g. }

• W2126120326 abstract "This paper presents a dynamic stochastic general equilibrium model which studies the business-cycle implications of financial frictions and liquidity risk at the bank-level. Following Holmstrom and Tirole (1998), demand for liquidity reserves arises from the anticipation of idiosyncratic operating expenses during the execution phase of bank-financed investment projects. Banks react to adverse aggregate shocks by hoarding liquidity while being forced to decrease their leverage. Both eects amplify recessionary dynamics, since they crowd out funds available for investment financing. This mechanism is triggered by a market liquidity squeeze modelled as a shock to the collateral value of banks’ assets. This novel type of aggregate risk induces a credit crunch scenario which shares key features with the Great Recession such as strong output decline, pro-cyclical leverage and counter-cyclical liquidity hoarding. Unconventional credit policy in the form of a wealth transfer from households to credit constrained banks is shown to mitigate the credit crunch." @default.
• W2126120326 created "2016-06-24" @default.
• W2126120326 creator A5085276241 @default.
• W2126120326 date "2012-01-01" @default.
• W2126120326 modified "2023-09-27" @default.
• W2126120326 title "Liquidity Crises, Banking, and the Great Recession" @default.
• W2126120326 cites W1508198902 @default.
• W2126120326 cites W1560350676 @default.
• W2126120326 cites W1933529014 @default.
• W2126120326 cites W2047582865 @default.
• W2126120326 cites W2068007334 @default.
• W2126120326 cites W2101585221 @default.
• W2126120326 cites W2108988053 @default.
• W2126120326 cites W2115657206 @default.
• W2126120326 cites W2121410772 @default.
• W2126120326 cites W2169951764 @default.
• W2126120326 cites W2184613462 @default.
• W2126120326 cites W2224090338 @default.
• W2126120326 cites W2331253800 @default.
• W2126120326 cites W3084354180 @default.
• W2126120326 cites W3121236665 @default.
• W2126120326 cites W3121935849 @default.
• W2126120326 cites W3122092606 @default.
• W2126120326 cites W3122432361 @default.
• W2126120326 cites W3123325515 @default.
• W2126120326 cites W3123576488 @default.
• W2126120326 cites W3123703631 @default.
• W2126120326 cites W3123842146 @default.
• W2126120326 cites W3124181513 @default.
• W2126120326 cites W3124831704 @default.
• W2126120326 cites W3124962569 @default.
• W2126120326 cites W3124978224 @default.
• W2126120326 cites W3125636817 @default.
• W2126120326 cites W3126113144 @default.
• W2126120326 cites W3144037261 @default.
• W2126120326 hasPublicationYear "2012" @default.
• W2126120326 type Work @default.
• W2126120326 sameAs 2126120326 @default.
• W2126120326 citedByCount "0" @default.
• W2126120326 crossrefType "journal-article" @default.
• W2126120326 hasAuthorship W2126120326A5085276241 @default.
• W2126120326 hasConcept C10138342 @default.
• W2126120326 hasConcept C119857082 @default.
• W2126120326 hasConcept C126285488 @default.
• W2126120326 hasConcept C126322002 @default.
• W2126120326 hasConcept C139719470 @default.
• W2126120326 hasConcept C153083717 @default.
• W2126120326 hasConcept C162324750 @default.
• W2126120326 hasConcept C165287380 @default.
• W2126120326 hasConcept C17744445 @default.
• W2126120326 hasConcept C180879305 @default.
• W2126120326 hasConcept C183582576 @default.
• W2126120326 hasConcept C1862650 @default.
• W2126120326 hasConcept C18903297 @default.
• W2126120326 hasConcept C189259953 @default.
• W2126120326 hasConcept C195742910 @default.
• W2126120326 hasConcept C199539241 @default.
• W2126120326 hasConcept C27548731 @default.
• W2126120326 hasConcept C2777871818 @default.
• W2126120326 hasConcept C2777910564 @default.
• W2126120326 hasConcept C2780614964 @default.
• W2126120326 hasConcept C2781092381 @default.
• W2126120326 hasConcept C2781300812 @default.
• W2126120326 hasConcept C41008148 @default.
• W2126120326 hasConcept C556758197 @default.
• W2126120326 hasConcept C71924100 @default.
• W2126120326 hasConcept C73283319 @default.
• W2126120326 hasConcept C83873408 @default.
• W2126120326 hasConcept C86803240 @default.
• W2126120326 hasConcept C94625758 @default.
• W2126120326 hasConceptScore W2126120326C10138342 @default.
• W2126120326 hasConceptScore W2126120326C119857082 @default.
• W2126120326 hasConceptScore W2126120326C126285488 @default.
• W2126120326 hasConceptScore W2126120326C126322002 @default.
• W2126120326 hasConceptScore W2126120326C139719470 @default.
• W2126120326 hasConceptScore W2126120326C153083717 @default.
• W2126120326 hasConceptScore W2126120326C162324750 @default.
• W2126120326 hasConceptScore W2126120326C165287380 @default.
• W2126120326 hasConceptScore W2126120326C17744445 @default.
• W2126120326 hasConceptScore W2126120326C180879305 @default.
• W2126120326 hasConceptScore W2126120326C183582576 @default.
• W2126120326 hasConceptScore W2126120326C1862650 @default.
• W2126120326 hasConceptScore W2126120326C18903297 @default.
• W2126120326 hasConceptScore W2126120326C189259953 @default.
• W2126120326 hasConceptScore W2126120326C195742910 @default.
• W2126120326 hasConceptScore W2126120326C199539241 @default.
• W2126120326 hasConceptScore W2126120326C27548731 @default.
• W2126120326 hasConceptScore W2126120326C2777871818 @default.
• W2126120326 hasConceptScore W2126120326C2777910564 @default.
• W2126120326 hasConceptScore W2126120326C2780614964 @default.
• W2126120326 hasConceptScore W2126120326C2781092381 @default.
• W2126120326 hasConceptScore W2126120326C2781300812 @default.
• W2126120326 hasConceptScore W2126120326C41008148 @default.
• W2126120326 hasConceptScore W2126120326C556758197 @default.
• W2126120326 hasConceptScore W2126120326C71924100 @default.
• W2126120326 hasConceptScore W2126120326C73283319 @default.
• W2126120326 hasConceptScore W2126120326C83873408 @default.
• W2126120326 hasConceptScore W2126120326C86803240 @default.
• W2126120326 hasConceptScore W2126120326C94625758 @default.
• W2126120326 hasLocation W21261203261 @default.

• next