Title Author(s) Kobe University Repository : Kernel 流 動 性 危 機 : レパレッジとモニタリング (< 特 集 > 世 界 金 融 危 機 )(Liquidity Crisis : Leverage and Monitoring ( World Financial Crisis)) 丸 茂, 俊 彦 Citation 国 民 経 済 雑 誌,203(1):107-119 Issue date 2011-01 Resource Type Resource Version URL Departmental Bulletin Paper / 紀 要 論 文 publisher http://www.lib.kobe-u.ac.jp/handle_kernel/81008316 Create Date: 2016-10-01
CLO CLO funding liquidity market liquidity ABCP
haircut margin deleverage asset fire sale Brunnermeier Gorton and Metric 2009b bank run Krishnamurthy
Brunnermeier and Pedersen Acharya and Viswanathan Jensen and Meckling Acharya and Viswanathan Acharya and Viswanathan Holmstrom and Tirole Acharya and Viswanathan,
,
debt capacity funding liquidity debt overhang
..
.
.
Gorton and Metrick 2009a He, Khang and Krishnamurthy Krishnamurthy.. A/ A3 CMO AAA ABS AA / Aa2 Gorton and Metrick 2009a Adrian and Shin pro-cyclical Gromb and Vayanos Krishnamurthy Pedersen Acharya, Gale and Yorulmazer Bolton, Santos and Scheinkman Diamond and Rajan He and Xiong Shleifer and Vishny Holmstrom and Tirole
Brunnermeier and Pedersen Acharya, V. V., Gale, D. and Yorulmazer, T. Rollover Risk and Market Freezes, NBER Working Paper, 2010, No. 15674. Acharya, V. V. and Viswanathan, S. Leverage, Moral Hazard and Liquidity, NBER Working Paper, 2010, No. 15837. Adrian, T. and Shin, H. S. Liquidity and Leverage, Journal of Financial Intermediation, 2010, 193, pp.
418437. Bolton, P., Santos, T. and Scheinkman, J. A. Outside and Inside Liquidity, NBER Working Paper, 2009, No. 14867. Brunnermeier, M. K. Deciphering the Liquidity and Credit Crunch 200708, Journal of Economic Perspectives, 2009, 231, pp. 77100. Brunnermeier, M. K. and Pedersen, L. H. Market Liquidity and Funding Liquidity Review of Financial Studies, 2009, 226, pp. 22012238. Diamond, D. W. and Rajan, R. G. Fear of Fire Sales and the Credit Freeze, NBER Working Paper, 2009, No. 14925. Gorton, G. B. and Metrick, A. Securitized Banking and the Run on Repo, NBER Working Paper, 2009a, No. 15223. Gorton, G. B. and Metrick, A. Haircuts, NBER Working Paper, 2009b, No. 15273. Gromb, D. and Vayanos, D. Limit of Arbitrage: The State of The Theory, NBER Working Paper, 2010, No. 15821. He, Z., Khang, I. G. and Krishnamurthy, A. Balance Sheet Adjustments in the 2008 Crisis, NBER Working Paper, 2010, No. 15919. He, Z. and Xiong, W. Dynamic Debt Runs, NBER Working Paper, 2009, No. 15482. He, Z. and Xiong, W. Rollover Risk and Credit Risk, NBER Working Paper, 2010, No.15653. Holmstrom, B. and Tirole, J. Financial Intermediation, Loanable Funds, and the Real Sector, Quarterly Journal of Economics, 1997, 1113, pp. 663691. Jensen, M. and Meckling, W. Theory of the Firm: Managerial Behavior, Agency Costs, and Capital Structure, Journal of Financial Economics, 1976, 34, pp. 305360. Krishnamurthy, A. Amplification Mechanisms in Liquidity Crises, NBER Working Paper, 2009, No. 15040. Krishnamurthy, A. How Debt Markets Malfunctioned in the Crisis, Journal of Economic Perspectives, 2010, 241, pp. 328. Pedersen, L. H. When Everyone Runs for the Exit, NBER Working Paper, 2009, No. 15297. Shleifer, A. and Vishny, R. W. Asset Fire Sales and Credit Easing, NBER Working Paper, 2010, No. 15652.