We study banks' borrowing and investment decisions in an economy with pecuniary externalities and both aggregate and idiosyncratic liquidity risk. We show that private decisions by profit-maximizing b…
Wednesday, 28. June 2017
28. June 2017
DIW Berlin (Gustav-Schmoller-Raum)
Harald Hau, Geneva School of Economics and Management
The BERA program is supported by the seven BERA institutions: DIW Berlin, WZB, Humboldt-Universität zu Berlin, Freie Universität Berlin, Technische Universität Berlin, ESMT and Hertie School of Governance.
Further support to the group is provided by Berlin Centre for Consumer Policies (BCCP), DIW Graduate Center, Berlin Doctoral Program in Economics and Management Science, Transregional Collaborative Research Center SFB-TR 190: Competition and Rationality and Berlin Macroeconomic Network. Financial support for BERA is provided by the Leibniz Association through funds from the Leibniz Competition.
Deutsches Institut für Wirschaftsforschung (DIW Berlin) and Wissenschaftszentrum
Berlin für Sozialfoschung (WZB) are Members of the Leibniz Association