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Goodhart, Charles A.E. and Tsomocos, Dimitros P.: The challenge of financial stability: a new model and its applications

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  • Jean-Bernard Chatelain

    (CES, EEP-PSE, UP1)

Abstract

This review of the book "The Challenge of Financial Stability: A New Model and its Applications" by Goodhart C.A.E. and Tsomocos D.P. highlights the potential of the framework of strategic partial default of banks with credit chain on the interbank market for further theoretical and applied research on financial stability.

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File URL: http://arxiv.org/pdf/1305.6148
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Paper provided by arXiv.org in its series Papers with number 1305.6148.

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Date of creation: May 2013
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Publication status: Published in Journal of Economics 109, 2 (2013) 201-205
Handle: RePEc:arx:papers:1305.6148

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Web page: http://arxiv.org/

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  1. Jean-Bernard Chatelain & Kirsten Ralf, 2012. "The failure of Financial Macroeconomics and What to Do About It," Documents de travail du Centre d'Economie de la Sorbonne 12030, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
  2. Diamond, Douglas W & Dybvig, Philip H, 1983. "Bank Runs, Deposit Insurance, and Liquidity," Journal of Political Economy, University of Chicago Press, vol. 91(3), pages 401-19, June.
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