Bank capital, fire sales, and the social value of deposits

DOI10.1007/s00199-019-01189-5zbMath1458.91221OpenAlexW2932663010MaRDI QIDQ1996104

Douglas Gale, Tanju Yorulmazer

Publication date: 3 March 2021

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-019-01189-5

zbMATH Keywords

regulationgeneral equilibriumincomplete marketspecuniary externalitiesbank capital structureoveraccumulation

Mathematics Subject Classification ID

General equilibrium theory (91B50) Corporate finance (dividends, real options, etc.) (91G50)

Related Items (2)

Optimal capital requirements with noisy signals on banking risk ⋮ Crisis contracts

Cites Work

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• Efficiency of financial institutions: International survey and directions for future research
• A general equilibrium theory of banks' capital structure
• Bank Runs, Deposit Insurance, and Liquidity
• Financial Intermediation and Delegated Monitoring
• Inefficient Credit Booms
• On the Differentiability of the Value Function in Dynamic Models of Economics
• Pecuniary Externalities in Economies with Financial Frictions
• Monetary Policy as Financial Stability Regulation

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