Arbeitspapier
Bank runs, liquidity and credit risk
In this paper, I develop a model that addresses the links between banks liquidity outlook and their incentives to take credit risk. Assuming that both bank-specific liquidity shocks and credit losses are necessary to provoke bank runs, the model predicts that a bank s incentives to mitigate its credit risk by screening decrease if the probability of a bank-specific liquidity shock declines. This suggests that the benign liquidity outlook prevailing prior to the subprime crisis may have contributed to the lack of screening by banks that has been an important causal factor in the crisis.
- ISBN
-
978-952-462-441-1
- Sprache
-
Englisch
- Erschienen in
-
Series: Bank of Finland Research Discussion Papers ; No. 12/2008
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Topi, Jukka
- Ereignis
-
Veröffentlichung
- (wer)
-
Bank of Finland
- (wo)
-
Helsinki
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Topi, Jukka
- Bank of Finland
Entstanden
- 2008
Ähnliche Objekte (12)
Why are bank runs sometimes partial?
Central bank tenders: Three essays on money market liquidity auctions
Markets, reserves and lenders of last resort as sources of bank liquidity
Banks and the Finnish credit cycle 1986-1995
Why do bank runs look like panic? A new explanation
Variable rate liquidity tenders
Central bank liquidity during the financial market and economic crisis: observations, thoughts and questions
Credit crunch of collateral squeeze? An empirical analysis of credit supply of the Finnish local banks in 1990-1992
Credit growth and moral hazard: An empirical study of the causes of credit expansion by the Finnish local banks in 1986-1990
The transparency of the banking industry and the efficiency of information-based bank runs
Credit crunch? An empirical test of cyclical credit policy
Central bank liquidity auction mechanism design and the interbank market
Why are bank runs sometimes partial?
Central bank tenders: Three essays on money market liquidity auctions
Markets, reserves and lenders of last resort as sources of bank liquidity
Banks and the Finnish credit cycle 1986-1995
Why do bank runs look like panic? A new explanation
Variable rate liquidity tenders
Central bank liquidity during the financial market and economic crisis: observations, thoughts and questions
Credit crunch of collateral squeeze? An empirical analysis of credit supply of the Finnish local banks in 1990-1992
Credit growth and moral hazard: An empirical study of the causes of credit expansion by the Finnish local banks in 1986-1990
The transparency of the banking industry and the efficiency of information-based bank runs
Credit crunch? An empirical test of cyclical credit policy
Central bank liquidity auction mechanism design and the interbank market
Why are bank runs sometimes partial?
Central bank tenders: Three essays on money market liquidity auctions
Markets, reserves and lenders of last resort as sources of bank liquidity
Banks and the Finnish credit cycle 1986-1995
Why do bank runs look like panic? A new explanation
Variable rate liquidity tenders
Central bank liquidity during the financial market and economic crisis: observations, thoughts and questions
Credit crunch of collateral squeeze? An empirical analysis of credit supply of the Finnish local banks in 1990-1992
Credit growth and moral hazard: An empirical study of the causes of credit expansion by the Finnish local banks in 1986-1990
The transparency of the banking industry and the efficiency of information-based bank runs
Credit crunch? An empirical test of cyclical credit policy