FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W3034857741> ?p ?o ?g. }

• W3034857741 abstract "We embed the notion of banks as monitors who reduce risk into a framework, and consider an economy in which capital can be moved between the trees. We characterize how resources are optimally allocated between the intermediated banking sector and a risky sector as a function of the relative size of the banking sector - the bank share - and the speed at which capital can move in and out of that sector - financial flexibility. The model has three main implications: First, the bank share and financial flexibility affect asset prices; for example, price-dividend ratios are lower the higher the financial flexibility, and shocks to the economy affect the slope of the term structure in a predictable way. Second, the relationship between financial flexibility and real growth rates is ambiguous; high financial flexibility may lead to either higher or lower growth rates. Third, the speed at which capital moves into and out of the banking sector is a highly nonlinear function of the bank share; an implication is that the bank share may remain perpetually low after a shock to the banking sector. Methodologically, our paper contributes to the two-trees literature by allowing for reallocation of resources between trees in a tractable framework; this flexible-tree approach allows for stationary share distributions." @default.
• W3034857741 created "2020-06-19" @default.
• W3034857741 creator A5046472183 @default.
• W3034857741 creator A5055177007 @default.
• W3034857741 creator A5083459584 @default.
• W3034857741 date "2009-01-01" @default.
• W3034857741 modified "2023-09-26" @default.
• W3034857741 title "Banking and Asset Prices in a Flexible-Tree Economy" @default.
• W3034857741 cites W1489605740 @default.
• W3034857741 cites W1494838899 @default.
• W3034857741 cites W1523615189 @default.
• W3034857741 cites W1526981035 @default.
• W3034857741 cites W1538356049 @default.
• W3034857741 cites W1598097039 @default.
• W3034857741 cites W1784600267 @default.
• W3034857741 cites W1882798320 @default.
• W3034857741 cites W1984697146 @default.
• W3034857741 cites W1997141342 @default.
• W3034857741 cites W2044833311 @default.
• W3034857741 cites W2046958417 @default.
• W3034857741 cites W2047582865 @default.
• W3034857741 cites W2077252204 @default.
• W3034857741 cites W2082136735 @default.
• W3034857741 cites W2087496472 @default.
• W3034857741 cites W2119143694 @default.
• W3034857741 cites W2135337833 @default.
• W3034857741 cites W2144022068 @default.
• W3034857741 cites W2145737617 @default.
• W3034857741 cites W2153332182 @default.
• W3034857741 cites W2238325784 @default.
• W3034857741 cites W2263024662 @default.
• W3034857741 cites W2460036328 @default.
• W3034857741 cites W3021527028 @default.
• W3034857741 cites W3023688799 @default.
• W3034857741 cites W3121759882 @default.
• W3034857741 cites W3121935849 @default.
• W3034857741 cites W3122188849 @default.
• W3034857741 cites W3124560671 @default.
• W3034857741 cites W3124914565 @default.
• W3034857741 cites W3125393563 @default.
• W3034857741 cites W3125521824 @default.
• W3034857741 cites W2105705131 @default.
• W3034857741 doi "https://doi.org/10.2139/ssrn.1364890" @default.
• W3034857741 hasPublicationYear "2009" @default.
• W3034857741 type Work @default.
• W3034857741 sameAs 3034857741 @default.
• W3034857741 citedByCount "0" @default.
• W3034857741 crossrefType "journal-article" @default.
• W3034857741 hasAuthorship W3034857741A5046472183 @default.
• W3034857741 hasAuthorship W3034857741A5055177007 @default.
• W3034857741 hasAuthorship W3034857741A5083459584 @default.
• W3034857741 hasConcept C10138342 @default.
• W3034857741 hasConcept C116168712 @default.
• W3034857741 hasConcept C126322002 @default.
• W3034857741 hasConcept C144133560 @default.
• W3034857741 hasConcept C162324750 @default.
• W3034857741 hasConcept C166957645 @default.
• W3034857741 hasConcept C187736073 @default.
• W3034857741 hasConcept C2780598303 @default.
• W3034857741 hasConcept C2781300812 @default.
• W3034857741 hasConcept C2864544 @default.
• W3034857741 hasConcept C29122968 @default.
• W3034857741 hasConcept C34447519 @default.
• W3034857741 hasConcept C38652104 @default.
• W3034857741 hasConcept C41008148 @default.
• W3034857741 hasConcept C556758197 @default.
• W3034857741 hasConcept C71924100 @default.
• W3034857741 hasConcept C73283319 @default.
• W3034857741 hasConcept C76178495 @default.
• W3034857741 hasConcept C83646750 @default.
• W3034857741 hasConcept C95457728 @default.
• W3034857741 hasConceptScore W3034857741C10138342 @default.
• W3034857741 hasConceptScore W3034857741C116168712 @default.
• W3034857741 hasConceptScore W3034857741C126322002 @default.
• W3034857741 hasConceptScore W3034857741C144133560 @default.
• W3034857741 hasConceptScore W3034857741C162324750 @default.
• W3034857741 hasConceptScore W3034857741C166957645 @default.
• W3034857741 hasConceptScore W3034857741C187736073 @default.
• W3034857741 hasConceptScore W3034857741C2780598303 @default.
• W3034857741 hasConceptScore W3034857741C2781300812 @default.
• W3034857741 hasConceptScore W3034857741C2864544 @default.
• W3034857741 hasConceptScore W3034857741C29122968 @default.
• W3034857741 hasConceptScore W3034857741C34447519 @default.
• W3034857741 hasConceptScore W3034857741C38652104 @default.
• W3034857741 hasConceptScore W3034857741C41008148 @default.
• W3034857741 hasConceptScore W3034857741C556758197 @default.
• W3034857741 hasConceptScore W3034857741C71924100 @default.
• W3034857741 hasConceptScore W3034857741C73283319 @default.
• W3034857741 hasConceptScore W3034857741C76178495 @default.
• W3034857741 hasConceptScore W3034857741C83646750 @default.
• W3034857741 hasConceptScore W3034857741C95457728 @default.
• W3034857741 hasLocation W30348577411 @default.
• W3034857741 hasOpenAccess W3034857741 @default.
• W3034857741 hasPrimaryLocation W30348577411 @default.
• W3034857741 hasRelatedWork W1553196367 @default.
• W3034857741 hasRelatedWork W1565996042 @default.
• W3034857741 hasRelatedWork W1588896684 @default.
• W3034857741 hasRelatedWork W1605513016 @default.
• W3034857741 hasRelatedWork W20103137 @default.
• W3034857741 hasRelatedWork W20283571 @default.

• next