Intermediation and Voluntary Exposure to Counterparty Risk
收藏NBER2021-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w29467
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资源简介：
I study a model of the financial sector in which intermediation among debt financed banks gives rise to an endogenous core-periphery network few highly interconnected and many sparsely connected banks. Endogenous intermediation generates excessive systemic risk in the financial network. Financial
提供机构：
美国国家经济研究局
创建时间：
2021-11-01
