Markus K. Brunnermeier’s research while affiliated with University of Bristol and other places

... Interoperability enables efficient communication and data exchange across different financial systems. Regulatory elements include the implementation of rules and procedures to guarantee the protection of security, privacy, and adherence to financial legislation in various countries (Brunnermeier et al., 2023). ...

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Customers on the Move: Predicting Customer Satisfaction among Mobile Banking Users in Malaysia

... The reversal interest rate adalah tingkat di mana kebijakan moneter akomodatif membalikkan efek yang dimaksudkan dan menjadi kontraktif untuk pinjaman. Itu terjadi ketika revaluasi aset bank dari durasi mismatch lebih dari diimbangi oleh penurunan pendapatan bunga bersih pada bisnis baru, menurunkan kekayaan bersih bank dan memperketat batasan modal mereka (Brunnermeier & Koby, 2018). ...

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COVID-19 MENGGUNCANG PERUSAHAAN BATUBARA DI BEI: EKSPLORASI PERAN LEADERSHIP CEO DAN IN/EX COMPANY ENVIRONMENT

... Cookson et al., 2023), or has relied on lower frequency historical data (e.g. Blickle, Brunnermeier, and Luck, 2024). ...

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Tracing Bank Runs in Real Time

... There were several proposals for adjusting wages for inflation (for a review, Holtfrerich 1986 andKuczynski 1925), however, each was far from perfect and, moreover, each social group had an interest in imposing a method to gain an advantage in bargaining. Another important element underlined by Webb (1989), see Table 1 and Brunnermeier et al. (2023) is the shortening of the length of the wage payment period. In general, authorities undertook a middle way solution: workers should have accepted a considerable reduction in real wages to maintain the authority of collective agreements but an increase would have coincided with worsened workers' conditions. ...

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In Der Welle Des Preises Mitschwimmen: A Multichannel View of the Weimar Hyperinflation

... findings are in line with the paper of 52 which document that the interdependence between hedge fund styles increases in the tails, leading to the potential for simultaneous large losses across different strategies.Billio et al. (2016) 53 motivated this higher tail risk with a higher exposure to liquidity and credit risks that affect the entire entire hedge fund industry during a crisis period. Akay, Senyuz and Yoldas (2013)54 show that both liquidity and flight to safety play a significant role in leading the hedge funds in periods of extreme volatility and large negative returns. ...

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Funds' Correlation and Systemic Relevance: Victim or Victimizer?

... In this dimension, macroeconomic variables such as economic growth, unemployment, and inflation are used in modelling systemic risk. Another important contribution to the study of systemic risk is the discovery that liquidity mismatches are at the center of financial crises (Brunnermeier et al. 2014, Diamond, 2007. This liquidity risk in turn leads banks and their depositors to participate in derivative markets, which provides a hedge for their assets such as forward contracts. ...

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Analyzing the Relationship between Derivative Usage and Systemic Risk in South Africa

... The relationship between credit and asset price bubbles has been a topic of interest for economists for many decades (Fischer (1933), Galbraith (1955), Minsky (1992), Mian and Sufi (2009), and Adelino, Schoar, and Severino (2016)). Recent empirical work has shown that easy access to credit is at the root of many equity market booms and busts (Reinhart and Rogoff (2009), Brunnermeier and Schnabel (2016)), but the mechanism through which credit affects trading strategies, prices, and wealth transfers is still unclear. In this article, we study what type of equity traders take credit, how they trade, and whether they gain from their investments. ...

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Credit Provision and Stock Trading: Evidence from the South Sea Bubble

... Gorton examined the relationship between financial crises and market confidence and concluded that a collapse in market confidence when a bubble bursts leads to a liquidity crunch in financial markets, further exacerbating the severity of financial crises [10]. The close interconnectedness of financial institutions is such that the failure of one institution may trigger a chain reaction leading to the destabilization of the entire financial system [11]. ...

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Analysis of Formation Mechanism of Financial Asset Bubbles, Their Impact and Their Governance: A Literature Review

... Models of this channel are inBassetto and Cui (2018),Bassetto and Cui (2021),Reis (2021),Elenev et al. (2021),Brunnermeier, Merkel, and Sannikov (2022), andJiang et al. (2022). 5 For models of this channel, seeAngeletos, Collard, and Dellas (2016),Miao and Su (2021), andGorton and Ordoñez (2022). ...

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Debt Revenue and the Sustainability of Public Debt

... Chinese stock market is often considered to have more policy interventions compared other major stock market in the world. The Chinese stock market use regular and intensive policy interventions to guide and maintain the financial markets, while the western stock markets are often reluctant to commit to such interventions unless for crisis diversion [1]. The logic behind intensive policy intensive is understandable. ...

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Examination of Problems and Solutions of Chinese Stock Market