Bubbles, banks, and financial stability / Kosuke Aoki and Kalin Nikolov.
Rational bubbles; Financial frictions.
Saved in:
| Main Author: | |
|---|---|
| Corporate Author: | |
| Other Authors: | |
| Format: | Book |
| Language: | English |
| Published: |
Tokyo :
Institute for Monetary and Economic Studies, Bank of Japan,
[2011]
|
| Series: | IMES discussion paper series ;
no. 2011-E-24. |
| Subjects: |
MARC
| LEADER | 00000cam a2200000Ia 4500 | ||
|---|---|---|---|
| 001 | b6874626 | ||
| 003 | CoU | ||
| 005 | 20120103021019.0 | ||
| 008 | 111109s2011 ja a b f000 0 eng d | ||
| 035 | |a (OCoLC)ocn760074615 | ||
| 035 | |a (OCoLC)760074615 | ||
| 040 | |a JNA |c JNA |d JNA |d COD | ||
| 049 | |a COD8 | ||
| 090 | |a HB3722 |b .A555 2011 | ||
| 099 | |a 674-B22M |a 5:2011-E-24 | ||
| 100 | 1 | |a Aoki, Kosuke, |d 1969- |0 http://id.loc.gov/authorities/names/no00031598 |1 http://isni.org/isni/0000000124097896. | |
| 245 | 1 | 0 | |a Bubbles, banks, and financial stability / |c Kosuke Aoki and Kalin Nikolov. |
| 260 | |a Tokyo : |b Institute for Monetary and Economic Studies, Bank of Japan, |c [2011] | ||
| 300 | |a 40, 15 pages : |b illustrations ; |c 30 cm. | ||
| 336 | |a text |b txt |2 rdacontent. | ||
| 337 | |a unmediated |b n |2 rdamedia. | ||
| 338 | |a volume |b nc |2 rdacarrier. | ||
| 490 | 1 | |a IMES discussion paper series ; |v discussion paper no. 2011-E-24. | |
| 500 | |a "JEL Classification: E32, E44"--1st preliminary page. | ||
| 500 | |a "September 2011"--1st preliminary page. | ||
| 500 | |a Cover title. | ||
| 504 | |a Includes bibliographical references (pages 38-40) | ||
| 530 | |a Also available online. | ||
| 520 | 3 | |a "This paper asks two main questions: (1) What makes some asset price bubbles more costly for the real economy than others? and (2) When do costly bubbles occur? We construct a model of rational bubbles under credit frictions and show that when bubbles held by banks burst this is followed by a costly financial crisis. In contrast, bubbles held by ordinary savers have relatively muted effects. Banks tend to invest in bubbles when financial liberalisation decreases their profitability."--1st preliminary page. | |
| 520 | 0 | |a Rational bubbles; Financial frictions. | |
| 650 | 0 | |a Financial crises. |0 http://id.loc.gov/authorities/subjects/sh89002668. | |
| 700 | 1 | |a Nikolov, Kalin. |0 http://id.loc.gov/authorities/names/nb99036378 |1 http://isni.org/isni/0000000384079248. | |
| 710 | 2 | |a Nihon Ginkō. |b Kin'yū Kenkyūjo. |0 http://id.loc.gov/authorities/names/n85096407 |1 http://isni.org/isni/0000000417569762. | |
| 830 | 0 | |a IMES discussion paper series ; |v no. 2011-E-24. |0 http://id.loc.gov/authorities/names/no97025687. | |
| 907 | |a .b6874626x |b 03-20-20 |c 01-03-12 | ||
| 998 | |a gov |b 01-03-12 |c a |d m |e - |f eng |g ja |h 0 |i 1 | ||
| 907 | |a .b6874626x |b 11-27-14 |c 01-03-12 | ||
| 944 | |a MARS - RDA ENRICHED | ||
| 907 | |a .b6874626x |b 02-02-12 |c 01-03-12 | ||
| 907 | |a .b6874626x |b 01-03-12 |c 01-03-12 | ||
| 946 | |a jz | ||
| 999 | f | f | |i e8f9593e-ef08-5b6d-9e3c-92c9f4e918c1 |s 00b8f785-b516-5c08-9019-944b4553821c |
| 952 | f | f | |p Can circulate |a University of Colorado Boulder |b Boulder Campus |c Norlin |d Norlin Library - Basement - Government Information - Foreign |e 674-B22M 5:2011-E-24 |h Other scheme |i document |m U183051405392 |n 1 |