Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
create a website

The fragility of discretionary liquidity provision - lessons from the collapse of the auction rate securities market. (2010). Han, Song ; Li, Dan.
In: Finance and Economics Discussion Series.
RePEc:fip:fedgfe:2010-50.

Full description at Econpapers || Download paper

Cited: 1

Citations received by this document

Cites: 38

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. Municipal Bond Markets. (2018). Cestau, Dario ; Schurhoff, Norman ; Li, Dan ; Hollifield, Burton.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:13301.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Acharya, Viral V., Philipp Schnabl and Gustavo Suarez (2010), `Securitization without risk transfer', NBER Working Paper, wp. 15730.

  2. Alderson, Michael J. and Donald R. Fraser (1993), `Financial innovations and excesses revisited: The case of auction rate preferred stock', Financial Management 22(2), 6175.

  3. Alderson, Michael J., Keith C. Brown and Scott L. Lummer (1987), `Dutch auction rate preferred stock', Financial Management 16(2), 6873.
    Paper not yet in RePEc: Add citation now
  4. Back, Kerry and Jaime F. Zender (1993), `Auctions of divisible goods: On the rationale for the treasury experiment', Review of Financial Studies 6(4), 733764.

  5. Back, Kerry and Jaime F. Zender (2001), `Auctions of divisible goods with endogenous supply', Economics Letters 73(1), 2934.

  6. Bergstresser, Daniel, Shawn Cole and Siddharth Shenai (2009), `UBS and auction rate securities ', Harvard Business School Case Study: N9-209-093. HBS Case Study.
    Paper not yet in RePEc: Add citation now
  7. Bernanke, Ben S. (2009), `Reflections on a year of crisis', Speech At the Federal Reserve Bank of Kansas City's Annual Economic Symposium, Jackson Hole, Wyoming. Also delivered at the Brookings Institution's Conference on A Year of Turmoil, on September 15, 2009.
    Paper not yet in RePEc: Add citation now
  8. Boot, Arnoud, Stuart Greenbaum and Anjan V. Thakor (1993), `Reputation and discretion in financial contracting', American Economic Review 83(5), 11651183.

  9. Brunnermeier, Markus K. (2009), `Deciphering the liquidity and credit crunch 2007-2008.', Journal of Economic Perspectives 23(1), 77100.

  10. Brunnermeier, Markus K. and Lasse Heje Pedersen (2009), `Market liquidity and funding liquidity.', Review of Financial Studies 22(6), 22012238.

  11. Calomiris, Charles W and Charles M Kahn (1991), `The role of demandable debt in structuring optimal banking arrangements', American Economic Review 81(3), 497513.

  12. Calomiris, Charles W. and Joseph R. Mason (2003), `Fundamentals, panics, and bank distress during the depression', American Economic Review 93(5), 16151647.

  13. Campbell, John Y., Andrew W. Lo and A. Craig MacKinlay (1997), The Econometrics of Financial Markets, Princeton University Press.
    Paper not yet in RePEc: Add citation now
  14. Cass, David and Karl Shell (1983), `Do sunspots matter?', Journal of Political Economy 91(2), 193227.

  15. Comerton-Forde, Carole, Terrence Hendershott, Charles M. Jones, Pamela C. Moulton and Mark S. Seasholes (2010), `Time variation in liquidity: The role of market-maker inventories and revenues.', Journal of Finance 65(1), 295 331.

  16. Comment, Robert (2010), `A note on the disposition of auctionrate securities by nonfinancial corporate investors', The Johns Hopkins Carey Business School Working Paper.
    Paper not yet in RePEc: Add citation now
  17. Commonwealth of Massachusetts (2008), `Administrative complaint, in the matter of UBS securities, LLC and UBS financial services, Inc', Docket No. 2008-0045. Securities Division, Office of the Secretary of the Commonwealth.
    Paper not yet in RePEc: Add citation now
  18. Covitz, Daniel, Nellie Liang and Gustavo Suarez (2009), `The anatomy of a financial crisis: The evolution of runs in the asset-backed commercial paper market', Working paper, Federal Reserve Board.

  19. Damianov, Damian S. (2005), `Erratum to 'the uniform price auction with endogenous supply , Economics Letters 89(1), 133.

  20. De Bandt, Olivier and Philipp Hartmann (2002), Systemic risk: A survey, in C.Goodhart and G.Illing, eds, `Financial Crisis, Contagion and the Lender of Last Resort: A Book of Readings', Oxford University Press, pp. 249298.

  21. Detragiache, Enrica, Paolo Garella and Luigi Guiso (2000), `Multiple versus single banking relationships: Theory and evidence.', Journal of Finance 55(3), 11331161.

  22. Diamond, Douglas and Philip H. Dybvig (1983), `Bank runs, deposit insurance and liquidity', Journal of Political Economy 91, 401419.

  23. Diamond, Douglas W. and Raghuram G. Rajan (2001), `Liquidity risk, liquidity creation, and financial fragility: A theory of banking', Journal of Political Economy 109(2), 287 327.

  24. Froot, Ken (2009), `Vicious cycles, investor behavior, and dealer-based financial systems', Harvard Business School Working Paper.
    Paper not yet in RePEc: Add citation now
  25. Goldstein, Michael A. and Edith S. Hotchkiss (2007), `Dealer behavior and the trading of newly issued corporate bonds', AFA 2009 San Francisco Meetings Paper.
    Paper not yet in RePEc: Add citation now
  26. Gorton, Gary (1985), `Bank suspension of convertibility', Journal of Monetary Economics 15(2), 177193.

  27. Gorton, Gary (1988), `Banking panics and business cycles', Oxford Economic Papers 40, 751 81.

  28. Gorton, Gary and Andrew Metrick (2009), `Securitized banking and the run on repo', NBER.

  29. Gorton, Gary and Nicholas S. Souleles (2006), The Risks of Financial Institutions, University of Chicago, chapter Special Purpose Vehicles and Securitization. Edited by Rene Stulz and Mark Carey.
    Paper not yet in RePEc: Add citation now
  30. Green, Richard C. (1993), `A simple model of the taxable and tax-exempt yield curve', Review of Financial Studies 6(2), 233264.
    Paper not yet in RePEc: Add citation now
  31. Green, Richard C., Burton Hollifield and Norman Schurhoff (2007a), `Dealer intermediation and price behavior in the aftermarket for new bond issues.', Journal of Financial Economics 86(3), 643 682.

  32. Green, Richard C., Burton Hollifield and Norman Schurhoff (2007b), `Financial intermediation and the costs of trading in an opaque market.', Review of Financial Studies 20(2), 275 314.

  33. LiCalzi, Marco and Alessandro Pavan (2005), `Tilting the supply schedule to enhance competition in uniform-price auctions', European Economic Review 49(1), 227250.

  34. McAdams, David (2007), `Adjustable supply in uniform price auctions: Non-commitment as a strategic tool', Economics Letters 95(1), 4853.

  35. McConnell, John J. and Alessio Saretto (2010), `Auction failures and the market for auction rates securities', Journal of Financial Economics 97(3), 451469.

  36. Shin, Hyun Song (2009), `Reflections on northern rock: The bank run that heralded the global financial crisis.', Journal of Economic Perspectives 23(1), 101119. SIFMA (2007), `Best practices for broker-dealers of auction rate securities', http://www.sifma.org/services/pdf/AuctionRateSecurities FinalBestPractices.pdf. Securities Industry and Financial Markets Association.

  37. Wang, James J. D. and Jaime F. Zender (2002), `Auctioning divisible goods', Economic Theory 19(4), 673705.

  38. Winkler, Daniel T. and George B. Flanigan (1991), `Default risk premia in the near-cash investment market: The case of auction rate preferred stock versus commercial paper', Journal of Financial Research 14(4), 337343.

Cocites

Documents in RePEc which have cited the same bibliography

  1. The economics of non-bank financial intermediation: why do we need to fill the regulation gap?. (2021). Trapanese, Maurizio.
    In: Questioni di Economia e Finanza (Occasional Papers).
    RePEc:bdi:opques:qef_625_21.

    Full description at Econpapers || Download paper

  2. Fixed-income securities: bibliometric review with network analysis. (2018). Liao, Zhewen ; Yan, Yan ; Chen, Xiaosong.
    In: Scientometrics.
    RePEc:spr:scient:v:116:y:2018:i:3:d:10.1007_s11192-018-2800-0.

    Full description at Econpapers || Download paper

  3. A Review of Shadow Banking. (2018). Adrian, Tobias ; Cetorelli, Nicola ; Breuer, Peter ; Ashcraft, Adam.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:13363.

    Full description at Econpapers || Download paper

  4. Credit Aggregates, Countercyclical Buffer: stylised facts. (2016). Faivre, Didier .
    In: Documents de travail du Centre d'Economie de la Sorbonne.
    RePEc:mse:cesdoc:16014.

    Full description at Econpapers || Download paper

  5. Credit Aggregates, Countercyclical Buffer: stylised facts. (2016). Faivre, Didier .
    In: Post-Print.
    RePEc:hal:journl:halshs-01281933.

    Full description at Econpapers || Download paper

  6. Credit Aggregates, Countercyclical Buffer: stylised facts. (2016). Faivre, Didier .
    In: Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers).
    RePEc:hal:cesptp:halshs-01281933.

    Full description at Econpapers || Download paper

  7. Bank Leverage Ratios and Financial Stability: A Micro- and Macroprudential Perspective. (2015). Avgouleas, Emilios.
    In: Economics Working Paper Archive.
    RePEc:lev:wrkpap:wp_849.

    Full description at Econpapers || Download paper

  8. Financial liberalization and the onset of financial crisis in Western European states between 1983 and 2011: An econometric investigation. (2015). Eichacker, Nina.
    In: The North American Journal of Economics and Finance.
    RePEc:eee:ecofin:v:34:y:2015:i:c:p:323-343.

    Full description at Econpapers || Download paper

  9. Financial stability monitoring. (2014). Adrian, Tobias ; Covitz, Daniel ; Liang, Nellie J..
    In: Staff Reports.
    RePEc:fip:fednsr:601.

    Full description at Econpapers || Download paper

  10. Banking Business Models Monitor 2014: Europe. (2014). Ayadi, Rym ; de Groen, Willem Pieter .
    In: CEPS Papers.
    RePEc:eps:cepswp:9713.

    Full description at Econpapers || Download paper

  11. ‘Too systemically important to fail’ in banking – Evidence from bank mergers and acquisitions. (2014). Zhou, Tim ; Schaeck, Klaus ; Molyneux, Philip.
    In: Journal of International Money and Finance.
    RePEc:eee:jimfin:v:49:y:2014:i:pb:p:258-282.

    Full description at Econpapers || Download paper

  12. What factors drive systemic risk during international financial crises?. (2014). Bostandzic, Denefa ; Weiß, Gregor N. F., ; Neumann, Sascha .
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:41:y:2014:i:c:p:78-96.

    Full description at Econpapers || Download paper

  13. Shadow bank monitoring. (2013). Cetorelli, Nicola ; Ashcraft, Adam ; Adrian, Tobias.
    In: Staff Reports.
    RePEc:fip:fednsr:638.

    Full description at Econpapers || Download paper

  14. Financial stability monitoring. (2013). Adrian, Tobias ; Covitz, Daniel ; Liang, Nellie.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2013-21.

    Full description at Econpapers || Download paper

  15. Why high productivity growth of banks preceded the financial crisis. (2013). Martin-Oliver, Alfredo ; Salas-Fumas, Vicente ; Ruano, Sonia .
    In: Journal of Financial Intermediation.
    RePEc:eee:jfinin:v:22:y:2013:i:4:p:688-712.

    Full description at Econpapers || Download paper

  16. A look inside AMLF: What traded and who benefited. (2013). Winters, Drew B. ; Akay, Ozgur ; Griffiths, Mark D..
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:37:y:2013:i:5:p:1643-1657.

    Full description at Econpapers || Download paper

  17. Market-Based Bank Capital Regulation. (2013). Klemperer, Paul ; Bulow, Jeremy I..
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:9618.

    Full description at Econpapers || Download paper

  18. Monitoring shadow banking and its challenges: the Malaysian experience. (2013). Muhamad Amar Mohd Farid, .
    In: IFC Bulletins chapters.
    RePEc:bis:bisifc:36-07.

    Full description at Econpapers || Download paper

  19. WHAT ARE THE LIMITS ON COMMERCIAL BANK LENDING?. (2012). Mallett, Jacky .
    In: Advances in Complex Systems (ACS).
    RePEc:wsi:acsxxx:v:15:y:2012:i:supp0:n:s0219525912500750.

    Full description at Econpapers || Download paper

  20. The Dodd-Frank Act and Basel III: Intentions, Unintended Consequences, and Lessons for Emerging Markets. (2012). Acharya, Viral V..
    In: ADBI Working Papers.
    RePEc:ris:adbiwp:0392.

    Full description at Econpapers || Download paper

  21. Sizing Up Repo. (2012). Nagel, Stefan ; Krishnamurthy, Arvind ; Orlov, Dmitry.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:17768.

    Full description at Econpapers || Download paper

  22. International Capital Flows and House Prices: Theory and Evidence. (2012). Van Nieuwerburgh, Stijn ; Ludvigson, Sydney ; Kohn, David ; Favilukis, Jack.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:17751.

    Full description at Econpapers || Download paper

  23. International Capital Flows and House Prices: Theory and Evidence. (2012). Kohn, David ; Ludvigson, Sydney C. ; van Nieuwerburgh, Stijn ; Favilukis, Jack.
    In: NBER Chapters.
    RePEc:nbr:nberch:12626.

    Full description at Econpapers || Download paper

  24. Shadow banking: a review of the literature. (2012). Ashcraft, Adam ; Adrian, Tobias.
    In: Staff Reports.
    RePEc:fip:fednsr:580.

    Full description at Econpapers || Download paper

  25. Shadow banking regulation. (2012). Ashcraft, Adam ; Adrian, Tobias.
    In: Staff Reports.
    RePEc:fip:fednsr:559.

    Full description at Econpapers || Download paper

  26. The credit crisis around the globe: Why did some banks perform better?. (2012). Stulz, René ; Beltratti, Andrea.
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:105:y:2012:i:1:p:1-17.

    Full description at Econpapers || Download paper

  27. Leverage across firms, banks, and countries. (2012). Yesiltas, Sevcan ; Sorensen, Bent ; Kalemli-Ozcan, Sebnem.
    In: Journal of International Economics.
    RePEc:eee:inecon:v:88:y:2012:i:2:p:284-298.

    Full description at Econpapers || Download paper

  28. The financial crisis and the geography of wealth transfers. (2012). Rey, Helene ; Gourinchas, Pierre-Olivier ; Truempler, Kai .
    In: Journal of International Economics.
    RePEc:eee:inecon:v:88:y:2012:i:2:p:266-283.

    Full description at Econpapers || Download paper

  29. Sizing Up Repo. (2012). Nagel, Stefan ; Krishnamurthy, Arvind ; Orlov, Dmitry.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:8795.

    Full description at Econpapers || Download paper

  30. Bank competition, securitization and risky investment. (2011). Sun, Jianfei ; Li, Zhe.
    In: MPRA Paper.
    RePEc:pra:mprapa:34173.

    Full description at Econpapers || Download paper

  31. Why Did U.S. Banks Invest in Highly-Rated Securitization Tranches?. (2011). Stulz, René ; Erel, Isil ; Nadauld, Taylor D..
    In: NBER Working Papers.
    RePEc:nbr:nberwo:17269.

    Full description at Econpapers || Download paper

  32. A Model of Shadow Banking. (2011). Shleifer, Andrei ; Gennaioli, Nicola ; Vishny, Robert W..
    In: NBER Working Papers.
    RePEc:nbr:nberwo:17115.

    Full description at Econpapers || Download paper

  33. Bank Behavior in Response to Basel Iii; A Cross-Country Analysis. (2011). Hakura, Dalia S ; Cosimano, Thomas F.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2011/119.

    Full description at Econpapers || Download paper

  34. The Fragility of Discretionary Liquidity Provision: Lessons from the Collapse of the Auction Rate Securities Market. (2011). Han, Song ; Li, Dan.
    In: Working Papers.
    RePEc:hkm:wpaper:052011.

    Full description at Econpapers || Download paper

  35. Corporate governance and banks: what have we learned from the financial crisis?. (2011). Shapiro, Joel ; Mehran, Hamid ; Morrison, Alan.
    In: Staff Reports.
    RePEc:fip:fednsr:502.

    Full description at Econpapers || Download paper

  36. The Federal Reserve’s Commercial Paper Funding Facility. (2011). Adrian, Tobias ; Marchioni, Dina ; Kimbrough, Karin .
    In: Economic Policy Review.
    RePEc:fip:fednep:y:2011:i:may:p:25-39:n:v.17no.1.

    Full description at Econpapers || Download paper

  37. Are All Ratings Created Equal? The Impact of Issuer Size on the Pricing of Mortgage-Backed Securities. (2011). Strahan, Philip E ; Qian, Jun ; He, Jie.
    In: Working Papers.
    RePEc:ecl:upafin:11-61.

    Full description at Econpapers || Download paper

  38. Why Did U.S. Banks Invest in Highly-Rated Securitization Tranches?. (2011). Stulz, René ; Erel, Isil ; Nadauld, Taylor .
    In: Working Paper Series.
    RePEc:ecl:ohidic:2011-16.

    Full description at Econpapers || Download paper

  39. The 2007 subprime market crisis through the lens of European Central Bank auctions for short-term funds. (2011). Kastl, Jakub ; Hortacsu, Ali ; Cassola, Nuno.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20111374.

    Full description at Econpapers || Download paper

  40. Informational Rents, Macroeconomic Rents, and Efficient Bailouts. (2011). Schnabl, Philipp ; PHILIPPON, Thomas.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:8216.

    Full description at Econpapers || Download paper

  41. Leverage ratio requirement and credit allocation and bank stability. (2011). Jokivuolle, Esa ; Kiema, Ilkka .
    In: Research Discussion Papers.
    RePEc:bof:bofrdp:2011_010.

    Full description at Econpapers || Download paper

  42. Financial Regulatory Reform: Challenges Ahead. (2011). Kroszner, Randall S. ; Strahan, Philip E..
    In: American Economic Review.
    RePEc:aea:aecrev:v:101:y:2011:i:3:p:242-46.

    Full description at Econpapers || Download paper

  43. Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Expensive. (2010). Hellwig, Martin ; DeMarzo, Peter ; Admati, Anat ; Pfleiderer, Paul.
    In: Discussion Paper Series of the Max Planck Institute for Research on Collective Goods.
    RePEc:mpg:wpaper:2010_42.

    Full description at Econpapers || Download paper

  44. Redefining and Containing Systemic Risk. (2010). Kane, Edward.
    In: Atlantic Economic Journal.
    RePEc:kap:atlecj:v:38:y:2010:i:3:p:251-264.

    Full description at Econpapers || Download paper

  45. Financial Contagion Through Bank Deleveraging; Stylized Facts and Simulations Applied to the Financial Crisis. (2010). Tressel, Thierry.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2010/236.

    Full description at Econpapers || Download paper

  46. Shadow banking. (2010). Ashcraft, Adam ; Adrian, Tobias ; Boesky, Hayley ; Pozsar, Zoltan.
    In: Staff Reports.
    RePEc:fip:fednsr:458.

    Full description at Econpapers || Download paper

  47. Can banks provide liquidity in a financial crisis?. (2010). Mora, Nada.
    In: Economic Review.
    RePEc:fip:fedker:y:2010:i:qiii:p:31-67:n:v.95no.3.

    Full description at Econpapers || Download paper

  48. The fragility of discretionary liquidity provision - lessons from the collapse of the auction rate securities market. (2010). Han, Song ; Li, Dan.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2010-50.

    Full description at Econpapers || Download paper

  49. Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity Is Not Expensive. (2010). Hellwig, Martin ; DeMarzo, Peter ; Admati, Anat ; Pfleiderer, Paul.
    In: Research Papers.
    RePEc:ecl:stabus:2065.

    Full description at Econpapers || Download paper

  50. Efficient Recapitalization. (2009). Schnabl, Philipp ; PHILIPPON, Thomas.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:14929.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-02-19 06:39:12 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Sponsored by INOMICS. Last updated October, 6 2023. Contact: CitEc Team.