Matches in SemOpenAlex for { <https://semopenalex.org/work/W2951303356> ?p ?o ?g. }
Showing items 1 to 91 of
91
with 100 items per page.
- W2951303356 endingPage "282" @default.
- W2951303356 startingPage "265" @default.
- W2951303356 abstract "We study how bank collateral assets and their pledgeability affect the amplitude of credit cycles. To this end, we develop a tractable model where bankers intermediate funds between savers and borrowers. If bankers default, savers acquire the right to liquidate bankers’ assets. However, due to the vertically integrated structure of our credit economy, savers anticipate that liquidating financial assets (i.e., loans) is conditional on borrowers being solvent on their debt obligations. This friction limits the collateralization of bankers’ financial assets beyond that of real assets (i.e., capital). In this context, increasing the pledgeability of financial assets eases more credit and reduces the spread between the loan and the deposit rate, thus attenuating capital misallocation as it typically emerges in credit economies à la Kiyotaki and Moore (1997). We uncover a close connection between the collateralization of bank loans, macroeconomic amplification and the degree of procyclicality of bank leverage." @default.
- W2951303356 created "2019-06-27" @default.
- W2951303356 creator A5067548464 @default.
- W2951303356 creator A5084789061 @default.
- W2951303356 creator A5086141764 @default.
- W2951303356 date "2019-08-01" @default.
- W2951303356 modified "2023-09-25" @default.
- W2951303356 title "Bank assets, liquidity and credit cycles" @default.
- W2951303356 cites W1485530705 @default.
- W2951303356 cites W1508198902 @default.
- W2951303356 cites W1539965247 @default.
- W2951303356 cites W1560350676 @default.
- W2951303356 cites W1969057730 @default.
- W2951303356 cites W1970144470 @default.
- W2951303356 cites W1993975514 @default.
- W2951303356 cites W2039198113 @default.
- W2951303356 cites W2044492051 @default.
- W2951303356 cites W2044835263 @default.
- W2951303356 cites W2047582865 @default.
- W2951303356 cites W2105415695 @default.
- W2951303356 cites W2108988053 @default.
- W2951303356 cites W2115657206 @default.
- W2951303356 cites W2122591880 @default.
- W2951303356 cites W2139210824 @default.
- W2951303356 cites W2156961915 @default.
- W2951303356 cites W2157509893 @default.
- W2951303356 cites W2159260643 @default.
- W2951303356 cites W3121567201 @default.
- W2951303356 cites W3124038099 @default.
- W2951303356 cites W3125789978 @default.
- W2951303356 cites W4236584637 @default.
- W2951303356 doi "https://doi.org/10.1016/j.jedc.2019.06.003" @default.
- W2951303356 hasPublicationYear "2019" @default.
- W2951303356 type Work @default.
- W2951303356 sameAs 2951303356 @default.
- W2951303356 citedByCount "2" @default.
- W2951303356 countsByYear W29513033562019 @default.
- W2951303356 countsByYear W29513033562022 @default.
- W2951303356 crossrefType "journal-article" @default.
- W2951303356 hasAuthorship W2951303356A5067548464 @default.
- W2951303356 hasAuthorship W2951303356A5084789061 @default.
- W2951303356 hasAuthorship W2951303356A5086141764 @default.
- W2951303356 hasBestOaLocation W29513033562 @default.
- W2951303356 hasConcept C10138342 @default.
- W2951303356 hasConcept C119857082 @default.
- W2951303356 hasConcept C120527767 @default.
- W2951303356 hasConcept C144133560 @default.
- W2951303356 hasConcept C153083717 @default.
- W2951303356 hasConcept C162324750 @default.
- W2951303356 hasConcept C183582576 @default.
- W2951303356 hasConcept C2777764128 @default.
- W2951303356 hasConcept C2777910564 @default.
- W2951303356 hasConcept C2781223538 @default.
- W2951303356 hasConcept C41008148 @default.
- W2951303356 hasConcept C556758197 @default.
- W2951303356 hasConcept C73283319 @default.
- W2951303356 hasConceptScore W2951303356C10138342 @default.
- W2951303356 hasConceptScore W2951303356C119857082 @default.
- W2951303356 hasConceptScore W2951303356C120527767 @default.
- W2951303356 hasConceptScore W2951303356C144133560 @default.
- W2951303356 hasConceptScore W2951303356C153083717 @default.
- W2951303356 hasConceptScore W2951303356C162324750 @default.
- W2951303356 hasConceptScore W2951303356C183582576 @default.
- W2951303356 hasConceptScore W2951303356C2777764128 @default.
- W2951303356 hasConceptScore W2951303356C2777910564 @default.
- W2951303356 hasConceptScore W2951303356C2781223538 @default.
- W2951303356 hasConceptScore W2951303356C41008148 @default.
- W2951303356 hasConceptScore W2951303356C556758197 @default.
- W2951303356 hasConceptScore W2951303356C73283319 @default.
- W2951303356 hasLocation W29513033561 @default.
- W2951303356 hasLocation W29513033562 @default.
- W2951303356 hasLocation W29513033563 @default.
- W2951303356 hasOpenAccess W2951303356 @default.
- W2951303356 hasPrimaryLocation W29513033561 @default.
- W2951303356 hasRelatedWork W1597314328 @default.
- W2951303356 hasRelatedWork W1969589747 @default.
- W2951303356 hasRelatedWork W2121690781 @default.
- W2951303356 hasRelatedWork W2126032150 @default.
- W2951303356 hasRelatedWork W2201800696 @default.
- W2951303356 hasRelatedWork W3008677191 @default.
- W2951303356 hasRelatedWork W3122931703 @default.
- W2951303356 hasRelatedWork W3123400402 @default.
- W2951303356 hasRelatedWork W3124798625 @default.
- W2951303356 hasRelatedWork W3126025584 @default.
- W2951303356 hasVolume "105" @default.
- W2951303356 isParatext "false" @default.
- W2951303356 isRetracted "false" @default.
- W2951303356 magId "2951303356" @default.
- W2951303356 workType "article" @default.