| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27376 |
| 来源ID | Working Paper 27376 |
| Bank Heterogeneity and Financial Stability | |
| Itay Goldstein; Alexandr Kopytov; Lin Shen; Haotian Xiang | |
| 发表日期 | 2020-06-15 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We study how heterogeneity in banks’ asset holdings affects fragility. In the model, banks face a risk of bank runs and have to liquidate long-term assets in a common market to repay runners. Liquidation prices are depressed when many banks sell their assets at the same time. When banks are homogeneous, their selling behaviors are synchronized, and bank runs are exacerbated. We show that differentiating banks to some extent enhances the stability of all banks, even those whose asset performance ends up being weaker. Our analyses provide new insights about the regulation of banking sector’s architecture and the design of government support during crises. |
| 主题 | Financial Economics ; Financial Institutions |
| URL | https://www.nber.org/papers/w27376 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585047 |
| 推荐引用方式 GB/T 7714 | Itay Goldstein,Alexandr Kopytov,Lin Shen,et al. Bank Heterogeneity and Financial Stability. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w27376.pdf（617KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
