Money, financial stability and efficiency

DOI10.1016/J.JET.2013.02.002zbMATH Open1290.91123OpenAlexW2138388332MaRDI QIDQ2434342FDOQ2434342

Authors: Franklin Allen, Elena Carletti, Douglas Gale 

Publication date: 5 February 2014

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

Full work available at URL: http://cadmus.eui.eu/bitstream/handle/1814/21678/ECO_2012_16.pdf?sequence=1

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zbMATH Keywords

risk sharingcentral bankcommercial banks

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Actuarial science and mathematical finance (91G99)

Cites Work

• Bank Runs, Deposit Insurance, and Liquidity
• Monetary stability and liquidity crises: The role of the lender of last resort
• When is market incompleteness irrelevant for the price of aggregate risk (and when is it not)?
• Financial collapse: a lesson from the great depression.

Cited In (12)

• Efficiency and the Value of Money
• Time and money. How long and how much money is needed to regulate a viable economy
• Introduction to financial economics
• A fiscal theory of money and bank liquidity provision
• Money: Theory and Practice
• Money, Banking, and Financial Markets
• Loanable funds versus money creation in banking: a benchmark result
• On the money creation approach to banking
• Banking crises and liquidity in a monetary economy
• On the welfare properties of fractional reserve banking
• Money, transactions and portfolio choice
• Money under the mattress: inflation and lending of last resort

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