Джонатан Макмиллан - Конец банковского дела [Деньги и кредит в эпоху цифровой революции]

Benes, Jaromir, and Michael Kumhof The Chicago Plan Revisited . IMF Working Paper 12/202. Washington: International Monetary Fund, 2012. См.: http://www.imf.org/external/pubs/ft/wp/2012/wp12202.pdf.

Benmelech, Efraim, and Jennifer Dlugosz The Credit Rating Crisis / In: NBER Macroeconomics Annual 2009, Vol. 24. Acemoglu, Daron, Rogoff, Kenneth, and Michael Woodford, eds. Chicago: University of Chicago Press, 2010, 161–207.

Benston, George J. Universal Banking // Journal of Economic Perspectives 8 (3): 121–143 (1994).

Berger, Allen N., and W. Scott Frame Small Business Credit Scoring and Credit Availability // Journal of Small Business Management45 (1): 5–22 (2007).

Berger, Allen N., and Gregory F. Udell Small Business Credit Availability and Relationship Lending: The Importance of Bank Organisational Structure // Economic Journal112 (477): F32‑F53 (2002).

Bernanke, Ben S. Deflation — Making Sure «It» Doesn’t Happen Here . Speech presented at the National Economists Club, Washington, November 22, 2002. См.: http://www.federalreserve.gov/boarddocs/speeches/2002/20021121/.

Bernanke, Ben S. The Subprime Mortgage Market . Speech presented at the Federal Reserve Bank of Chicago’s 43 rdAnnual Conference on Bank Structure and Competition, Chicago, May 17, 2007. См.: http://www.federalreserve.gov/newsevents/speech/bernanke20070517a.htm.

Bernanke, Ben S. The Crisis and the Policy Response . Speech presented at the Stamp Lecture, London School of Economics, London, January 13, 2009. См.: http://www.federalreserve.gov/newsevents/speech/bernanke20090113a.htm.

Bessembinder, Hendrik, and William Maxwell Markets: Transparency and the Corporate Bond Market // Journal of Economic Perspectives22 (2): 217–234 (2008).

Bessembinder, Hendrik, Maxwell, William, and Kumar Venkataraman Market Transparency, Liquidity Externalities, and Institutional Trading Costs in Corporate Bonds // Journal of Financial Economics82 (2): 251–288 (2006).

Bhattacharya, Sudipto, Boot, Arnoud W. A., and Anjan V. Thakor The Economics of Bank Regulation // Journal of Money, Credit and Banking30 (4): 745–770 (1998).

Birdthistle, William A. Breaking Bucks in Money Market Funds // Wisconsin Law Review, 2010 (5): 1155–1201.

Bliss, Robert R., and George G. Kaufman Derivatives and Systemic Risk: Netting, Collateral, and Closeout // Journal of Financial Stability2 (1): 55–70 (2006).

Block, Walter, and Kenneth M. Garschina Hayek, Business Cycles and Fractional Reserve Banking: Continuing the De-Homogenization Process // Review of Austrian Economics9 (1): 77–94 (1996).

Blum, Jürg, and Martin Hellwig The Macroeconomic Implications of Capital Adequacy Requirements for Banks // European Economic Review39 (3–4): 739–749 (1995).

Board of Governors of the Federal Reserve System The Federal Reserve System: Purposes & Functions. 9 thed. Washington, DC, 2005. См.: http://www.federalreserve.gov/pf/pdf/pf_complete.pdf.

Board of Governors of the Federal Reserve System Press Release . March 18, 2009. См.: http://www.federalreserve.gov/newsevents/press/monetary/20090318a.htm.

Bossone, Biagio Should Banks Be Narrowed? IMF Working Paper 01/159, 2001. См.: http://www.imf.org/external/pubs/ft/wp/2001/wp01159.pdf.

Boyd, John H., and Mark Gertler U. S. Commercial Banking: Trends, Cycles, and Policy / In: NBER Macroeconomics Annual 1993, Vol. 8. Blanchard, Olivier, and Stanley Fischer, eds. Cambridge, MA: MIT Press, 1993, 319–377.

Braithwaite, Tom, and Patrick Jenkins JPMorgan Chief Says Bank Rules «Anti-US» // Financial Times, September 12, 2011. См.: http://www.ft.com/intl/cms/s/0/905aeb88‑dc50–11e0‑8654‑00144feabdc0.html#axzz1yDprYqHQ.

Bricker, Jesse, Kennickell, Arthur B., Moore, Kevin B., and John Sabelhaus Changes in U. S. Family Finances from 2007 to 2010 : Evidence from the Survey of Consumer Finances // Federal Reserve Bulletin98 (2): 1–80 (2012).

Brunnermeier, Markus K. Deciphering the Liquidity and Credit Crunch 2007–2008 // Journal of Economic Perspectives23 (1): 77–100 (2009).

Brunnermeier, Markus K., Crockett, Andrew, Goodhart, Charles A. E., Persaud, Avinash D., and Hyun Shin The Fundamental Principles of Financial Regulation. Geneva Reports on the World Economy 11. Geneva: International Center for Monetary and Banking Studies, 2009.

Bryant, John A Model of Reserves, Bank Runs, and Deposit Insurance // Journal of Banking and Finance4 (4): 335–344 (1980).

Buiter, Willem H., and N. Panigirtzoglou Overcoming the Zero Bound on Nominal Interest Rates with Negative Interest on Currency: Gesell’s Solution // Economic Journal113: 723–746 (2003).

Buser, Stephen A., Chen, Andrew H., and Edward J. Kane Federal Deposit Insurance, Regulatory Policy, and Optimal Bank Capital // Journal of Finance36 (1): 51–60 (1981).

Calomiris, Charles W., and Charles M. Kahn The Role of Demandable Debt in Structuring Optimal Banking Arrangements // American Economic Review81 (3): 497–531 (1991).

Carlson, Mark A. Lessons from the Historical Use of Reserve Requirements in the United States to Promote Bank Liquidity . Finance and Economics Discussion Series 2013–11. Divisions of Research and Statistics and Monetary Affairs. Washington, DC: Federal Reserve Board, 2013. См.: http://www.federalreserve.gov/pubs/feds/2013/201311/201311pap.pdf.

Carruthers, Bruce G., and Wendy Nelson Espeland Accounting for Rationality: Double-Entry Bookkeeping and the Rhetoric of Economic Rationality // American Journal of Sociology97 (1): 31–69 (1991).

Chamley, Christophe, Kotlikoff, Laurence J., and Herakles Polemarchakis Limited-Purpose Banking — Moving from «Trust Me» to «Show Me» Banking // American Economic Review102 (3): 113–119 (2012).

Chari, Varadarajan V., and Patrick J. Kehoe Bailouts, Time Inconsistency, and Optimal Regulation . NBER Working Paper 19192. National Bureau of Economic Research, 2013. См.: http://www.nber.org/papers/w19192.

Chou, Robin K., and Huimin Chung Decimalization, Trading Costs, and Information Transmission between ETFs and Index Futures // Journal of Futures Markets26 (2): 131–151 (2006).

Cook, Timothy Q., and Jeremy G. Duffield Money Market Mutual Funds: A Reaction to Government Regulations or a Lasting Financial Innovation? // FRB Richmond Economic Review, July — August 1979: 15–31.

Coval, Joshua, Jurek, Jakub, and Erik Stafford The Economics of Structured Finance // Journal of Economic Perspectives23 (1): 3–25 (2009).

Covitz, Daniel M., Liang, Nellie, and Gustavo A. Suarez The Evolution of a Financial Crisis: Collapse of the Asset-Backed Commercial Paper Market // Journal of Finance68 (3): 815–848 (2013).

Crotty, James If Financial Market Competition Is So Intense, Why Are Financial Firm Profits So High? Reflections on the Current «Golden Age» of Finance . Working Paper 134. Amherst, MA: Political Economy Research Institute, University of Massachusetts Amherst, 2007. См.: http://people.umass.edu/crotty/WP134.pdf.

Danielsson, Jon, Embrechts, Paul, Goodhart, Charles, Keating, Con, Muennich, Felix, Renault, Olivier, and Hyun Song Shin An Academic Response to Basel II. Special Paper 130. LSE Financial Markets Group, 2001. См.: ftp: // ftp.math.ethz.ch / hg / users / embrecht / Basel 2 .pdf .

De Jong, Abe, Kabir, Rezaul, and Thuy Thu Nguyen Capital Structure around the World: The Roles of Firm- and Country-Specific Determinants // Journal of Banking and Finance32 (9): 1954–1969 (2008).

Demirgüç-Kunt, Asli, and Edward J. Kane Deposit Insurance around the Globe: Where Does It Work? // Journal of Economic Perspectives16 (2): 175–195 (2002).

Demirgüç-Kunt, Asli, Kane, Edward J., and Luc Laeven Deposit Insurance around the World: Issues of Design and Implementation . Cambridge, MA: MIT Press, 2008.

Demyanyk, Yuliya, and Otto Van Hemert Understanding the Subprime Mortgage Crisis // Review of Financial Studies24 (6): 1848–1880 (2011).

Dennis, Steven A., and Donald J. Mullineaux Syndicated Loans // Journal of Financial Intermediation 9 (4): 404–426 (2000).

Dewatripont, Mathias, and Jean Tirole A Theory of Debt and Equity: Diversity of Securities and Manager-Shareholder Congruence // Quarterly Journal of Economics109 (4): 1027–1054 (1994).

Diamond, Douglas W., and Philip H. Dybvig Bank Runs, Deposit Insurance, and Liquidity // Journal of Political Economy91 (3): 401–419 (1983).

Diamond, Douglas W., and Raghuram G. Rajan Liquidity Risk, Liquidity Creation and Financial Fragility: A Theory of Banking // Journal of Political Economy 109 (2): 287–327 (2001).

Domowitz, Ian Liquidity, Transaction Costs, and Reintermediation in Electronic Markets // Journal of Financial Services Research22 (1–2): 141–157 (2002).

Duffie, Darrell, Gârleanu, Nicolae, and Lasse Heje Pedersen Over-the-Counter Markets // Econometrica73 (6): 1815–1847 (2005).

Dynan, Karen E., Elmendorf, Douglas W., and Daniel E. Sichel Can Financial Innovation Help to Explain the Reduced Volatility of Economic Activity? // Journal ofMonetary Economics53 (1): 123–150 (2006).

eBay Inc. eBay Marketplaces Fast Facts At-A-Glance (Q 12014 ) , 2014. См.: http://www.ebayinc.com/system/download_links/MP%20Factsheet%20Q1%202014.pdf?download=1.

Estrella, Arturo Securitization and the Efficacy of Monetary Policy // FRBNY Economic Policy Review8 (1): 241–255 (2002).

Fama, Eugene F. Banking in the Theory of Finance // Journal of Monetary Economics 6 (1): 39–57 (1980).

Farhi, Emmanuel, and Jean Tirole Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts // American Economic Review102 (1): 60–93 (2012).

Federal Deposit Insurance Corporation FDIC: The First Fifty Years — A History of the FDIC 1933–1983. 1984. См.: http://www.fdic.gov/bank/analytical/firstfifty/.

Federal Deposit Insurance Corporation About FDIC — The 1930 ’s . 2010. См.: http://www.fdic.gov/about/history/timeline/1930s.html 101 См.: Scholtes and Beales 2007. Незадолго до кризиса наивысший кредитный рейтинг ( AAA ) был присвоен более чем 37 тыс. структурированных финансовых продуктов. В то же время наивысший рейтинг получило всего 5 нефинансовых американских организаций. В 2007–2008 гг. рейтинг многих структурированных продуктов был понижен на несколько пунктов относительно ААА . См.: Benmelech and Dlugosz 2010. Авторы показывают, что рейтинги продуктов теневого банковского дела систематически завышались. .

Federal Reserve Bank of New York Administration of Relationships with Primary Dealers . 2010. См.: http://www.newyorkfed.org/markets/pridealers_policies.html.

Federal Reserve Bank of New York Primary Dealers List . 2014. См.: http://www.newyorkfed.org/markets/pridealers_current.html.