Pecuniary externalities, bank overleverage, and macroeconomic fragility

DOI10.1111/IJET.12325zbMath1528.91048OpenAlexW3011775630MaRDI QIDQ6074929

Ryo Kato, Takayuki Tsuruga

Publication date: 19 October 2023

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

Full work available at URL: https://doi.org/10.1111/ijet.12325

zbMATH Keywords

financial crisiscredit externalitiesfinancial regulationmaturity mismatchliquidity shortage

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Financial networks (including contagion, systemic risk, regulation) (91G45)

Related Items (1)

Introduction to the special feature section on economic policy and risk management

Cites Work

• The role of bank capital in the propagation of shocks
• Bank Runs, Deposit Insurance, and Liquidity
• Inefficient Credit Booms
• Pecuniary Externalities in Economies with Financial Frictions
• Monetary Policy as Financial Stability Regulation

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