Mandatory disclosure and financial contagion

DOI10.1016/J.JET.2021.105237MaRDI QIDQ2025035zbMATH OpenOpenAlexFDO

Authors Yanyan Li

Publication date 11 May 2021

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

Full work available at URL http://www.nber.org/papers/w21328.pdf

zbMATH Keywords

informationdisclosurenetworkscontagionstress tests

Mathematics Subject Classification ID

Signaling and communication in game theory (91A28) Financial networks (including contagion, systemic risk, regulation) (91G45)

Recommendations

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• Risk aversion, mandatory disclosure and the concealment of information
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Cites work

• Adverse selection in competitive search equilibrium
• Contagion in financial networks
• Efficient Use of Information and Social�Value�of�Information
• Equivalent Comparisons of Experiments
• Fear of fire sales, illiquidity seeking, and credit freezes
• Liaisons dangereuses: increasing connectivity, risk sharing, and systemic risk
• Liquidity hoarding
• Perfect Bayesian equilibrium and sequential equilibrium
• Properties of the vacancy statistic in the discrete circle covering problem
• Runs versus lemons: information disclosure and fiscal capacity
• Sequential Equilibria
• Strategic Information Revelation
• Strategic communication networks
• Strategic information transmission networks
• Stress tests and information disclosure
• Systemic risk in financial systems
• Trading dynamics in decentralized markets with adverse selection

Cited in

(4)

• Mandatory disclosure tone and bank risk-taking: evidence from Europe
• Runs versus lemons: information disclosure and fiscal capacity
• Mandatory disclosure, investment, and private benefits of control
• Transparency and market discipline: evidence from the Russian interbank market

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