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Book review: “The Challenge of Financial Stability: A New Model and its Applications” by Goodhart C.A.E. and Tsomocos D.P

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  • Jean-Bernard, Chatelain

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://mpra.ub.uni-muenchen.de/45678/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 45678.

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Date of creation: 30 Mar 2013
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Handle: RePEc:pra:mprapa:45678

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Related research

Keywords: Financial stability; strategic default; credit chain; interbank market.;

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  1. Chatelain, Jean-Bernard & Ralf, Kirsten, 2012. "The failure of financial macroeconomics and what to do about it," MPRA Paper 38474, University Library of Munich, Germany.
  2. Douglas W. Diamond & Philip H. Dybvig, 2000. "Bank runs, deposit insurance, and liquidity," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Win, pages 14-23.
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