國立虎尾科技大學 |

登入

回首頁

Interbank Runs : = A Network Model o...

ProQuest Information and Learning Co.

Interbank Runs : = A Network Model of Systemic Liquidity Crunches.

紀錄類型:	書目-語言資料,手稿 : Monograph/item
正題名/作者:	Interbank Runs :/
其他題名:	A Network Model of Systemic Liquidity Crunches.
作者:	Su, Yinan.
面頁冊數:	1 online resource (109 pages)
附註:	Source: Dissertation Abstracts International, Volume: 80-01(E), Section: A.
Contained By:	Dissertation Abstracts International80-01A(E).
標題:	Economics. -
電子資源:	click for full text (PQDT)
ISBN:	9780438371187

Interbank Runs : = A Network Model of Systemic Liquidity Crunches.
Su, Yinan.

Interbank Runs :A Network Model of Systemic Liquidity Crunches. - 1 online resource (109 pages)

Source: Dissertation Abstracts International, Volume: 80-01(E), Section: A.

Thesis (Ph.D.)--The University of Chicago, 2018.

Includes bibliographical references

I study how interbank lending network structures affect financial fragility. Interbank lending is beneficial but subject to coordination failure. With interbank wholesale funding, banks' balance sheets become inflated, which give the retail depositors a sense of safety to allow the bank to have more illiquid investments. In interbank runs, banks run on banks as they mutually reinforce each other to withdraw interbank lending. Banks' individually precautionary liquidity hoarding strategies are connected by the pairwise lending relationships. Mean-field analysis extracts the systemic behavior from the network of strategic interactions. I show such dispersed and indirectly linked interactions also lead to discontinuous and system-wide liquidity crunches as if the interactions are centralized. Local insolvency shocks trigger the interbank run if the network is unraveled beyond a critical point. The model is applied to identify the optimal capital injection targets of government bailouts and study the systemic effects of the proposed regulations on restraining the highly connected banks.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9780438371187Subjects--Topical Terms:

555568
Economics.
Index Terms--Genre/Form:

554714
Electronic books.

Interbank Runs : = A Network Model of Systemic Liquidity Crunches.
LDR:02334ntm a2200337Ki 4500 001 919066
005 20181106103744.5
006 m o u
007 cr mn||||a|a||
008 190606s2018 xx obm 000 0 eng d
020 $a 9780438371187
035 $a (MiAaPQ)AAI10843568
035 $a (MiAaPQ)uchicago:14511
035 $a AAI10843568
040 $a MiAaPQ $b eng $c MiAaPQ $d NTU
100 1 $a Su, Yinan. $3 1193549
245 1 0 $a Interbank Runs : $b A Network Model of Systemic Liquidity Crunches.
264 0 $c 2018
300 $a 1 online resource (109 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
500 $a Source: Dissertation Abstracts International, Volume: 80-01(E), Section: A.
500 $a Advisers: Lars P. Hansen; Zhiguo He.
502 $a Thesis (Ph.D.)--The University of Chicago, 2018.
504 $a Includes bibliographical references
520 $a I study how interbank lending network structures affect financial fragility. Interbank lending is beneficial but subject to coordination failure. With interbank wholesale funding, banks' balance sheets become inflated, which give the retail depositors a sense of safety to allow the bank to have more illiquid investments. In interbank runs, banks run on banks as they mutually reinforce each other to withdraw interbank lending. Banks' individually precautionary liquidity hoarding strategies are connected by the pairwise lending relationships. Mean-field analysis extracts the systemic behavior from the network of strategic interactions. I show such dispersed and indirectly linked interactions also lead to discontinuous and system-wide liquidity crunches as if the interactions are centralized. Local insolvency shocks trigger the interbank run if the network is unraveled beyond a critical point. The model is applied to identify the optimal capital injection targets of government bailouts and study the systemic effects of the proposed regulations on restraining the highly connected banks.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2018
538 $a Mode of access: World Wide Web
650 4 $a Economics. $3 555568
650 4 $a Finance. $3 559073
655 7 $a Electronic books. $2 local $3 554714
690 $a 0501
690 $a 0508
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a The University of Chicago. $b Economics and Business. $3 1185379
773 0 $t Dissertation Abstracts International $g 80-01A(E).
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10843568 $z click for full text (PQDT)

筆 0 讀者評論

多媒體

評論

新增評論分享你的心得

Export

取書館別