Collective Risk Management in a Flight to Quality Episode.

CABALLERO, R. J., & KRISHNAMURTHY, A. (2008). Collective Risk Management in a Flight to Quality Episode. Journal of Finance, 63(5), 2195-2230.

Type

Journal article

Intellectual base

Primary research

Year

2008

DOI

10.1111/j.1540-6261.2008.01394.x

Link

https://doi.org/10.1111/j.1540-6261.2008.01394.x

Cited from

economics_finance

Cited by

1 citation across 1 artifact.

Each citation links to the sentence it supports in the citing article.

Primes

• Uncertainty-Driven Verification Premium
  • Financial markets — flight to quality. In crisis states capital reallocates from unverified credits toward Treasuries, gold, and blue-chip assets; this is the substrate-specific name for the pattern.

    This sourceModels flight to quality as a Knightian-uncertainty-driven collective reallocation toward safe assets that strands risky ones precisely when liquidity is scarcest.

Verification

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Registry ID ref:c76f1930e68a · see in the full table