Tanju Yorulmazer

University of Amsterdam - Faculty of Economics and Business (FEB)

Roetersstraat 11

Amsterdam, 1018 WB

Netherlands

SCHOLARLY PAPERS

30

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11,892

CITATIONS
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Top 1,267

in Total Papers Citations

435

Scholarly Papers (30)

1.

Liquidity, Bank Runs and Bailouts: Spillover Effects during the Northern Rock Episode

Number of pages: 25 Posted: 20 Mar 2008 Last Revised: 05 Mar 2009
Tanju Yorulmazer
University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 2,051 (4,345)
Citation 8

Abstract:

contagion, bank run, liquidity, event study, systemic risk, bailout

2.

Network Models and Financial Stability

Bank of England Working Paper No. 346
Number of pages: 29 Posted: 08 Oct 2008
Erlend W. Nier, Jing Yang, Tanju Yorulmazer and Amadeo Alentorn
International Monetary Fund (IMF), Bank of England, University of Amsterdam - Faculty of Economics and Business (FEB) and University of Essex
Downloads 944 (14,379)
Citation 47

Abstract:

Networks, financial stability, contagion, liquidity risk

3.
Downloads 914 ( 19,592)
Citation 63

Rollover Risk and Market Freezes

EFA 2009 Bergen Meetings Paper
Number of pages: 60 Posted: 11 Jan 2009 Last Revised: 09 Aug 2010
Viral V. Acharya, Douglas M. Gale and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, New York University (NYU) - Department of Economics and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 639 (32,073)
Citation 63

Abstract:

financial crisis, credit risk, liquidation cost, repo, secured borrowing, asset-backed commercial paper.

Rollover Risk and Market Freezes

NYU Working Paper No. FIN-08-030
Number of pages: 60 Posted: 09 Mar 2009 Last Revised: 09 Aug 2010
Viral V. Acharya, Douglas M. Gale and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, New York University (NYU) - Department of Economics and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 210 (119,514)
Citation 63

Abstract:

financial crisis, credit risk, liquidation cost, repo, secured borrowing, asset-backed commercial paper.

Rollover Risk and Market Freezes

NBER Working Paper No. w15674
Number of pages: 44 Posted: 25 Jan 2010
Viral V. Acharya, Douglas M. Gale and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, New York University (NYU) - Department of Economics and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 60 (303,514)
Citation 63

Abstract:

Rollover Risk and Market Freezes

CEPR Discussion Paper No. DP7122
Number of pages: 56 Posted: 18 Feb 2009
Viral V. Acharya, Douglas M. Gale and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, New York University (NYU) - Department of Economics and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 5 (542,945)
Citation 63

Abstract:

asset-backed commercial paper, credit risk, haircut, liquidation cost, repo, secured borrowing

4.
Downloads 909 ( 19,735)
Citation 29

Crisis Resolution and Bank Liquidity

AFA 2009 San Francisco Meetings Paper
Number of pages: 50 Posted: 25 Mar 2008 Last Revised: 11 Nov 2010
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 291 (84,856)
Citation 29

Abstract:

Cash, Cash holdings, Crises, Systemic risk, Distress, Liquidation cost, Limited pledgeability

Crisis Resolution and Bank Liquidity

Review of Financial Studies, Forthcoming
Number of pages: 66 Posted: 22 Jan 2010
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 286 (86,556)
Citation 25

Abstract:

Cash, Cash holdings, Hoarding, Systemic risk, Fire sales

Crisis Resolution and Bank Liquidity

Number of pages: 50 Posted: 08 May 2007 Last Revised: 11 Nov 2010
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 174 (142,790)
Citation 29

Abstract:

Crises, Systemic risk, Distress, Liquidation cost, Limited pledgeability

Crisis Resolution and Bank Liquidity

NYU Working Paper No. 2451/29540
Number of pages: 66 Posted: 09 Mar 2009 Last Revised: 10 Sep 2013
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 111 (206,693)
Citation 29

Abstract:

Crisis Resolution and Bank Liquidity

NBER Working Paper No. w15567
Number of pages: 50 Posted: 08 Dec 2009
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 47 (341,536)
Citation 25

Abstract:

Imperfect Competition in the Interbank Market for Liquidity as a Rationale for Central Banking

Number of pages: 42 Posted: 29 Sep 2008 Last Revised: 01 Oct 2015
Viral V. Acharya, Denis Gromb and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, London Business School and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 545 (39,670)
Citation 30

Abstract:

Competition, Interbank lending, Market power, Asset specificity, Central bank, Lender of last resort

Imperfect Competition in the Interbank Market for Liquidity as a Rationale for Central Banking

INSEAD Working Paper No. 2011/41/FIN
Number of pages: 53 Posted: 25 Mar 2011
Viral V. Acharya, Denis Gromb and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, INSEAD and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 338 (71,532)
Citation 30

Abstract:

Competition, Interbank Lending, Market Power, Asset Specificity, Central Bank, Lender of Last Resort

Imperfect Competition in the Interbank Market for Liquidity as a Rationale for Central Banking

NYU Working Paper No. 2451/29539
Number of pages: 42 Posted: 26 Jun 2013
Viral V. Acharya, Denis Gromb and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, INSEAD and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 11 (511,275)
Citation 30

Abstract:

Information Contagion and Inter-Bank Correlation in a Theory of Systemic Risk

London Business School Working Paper
Number of pages: 49 Posted: 30 Jan 2003
Viral V. Acharya and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 519 (42,288)
Citation 3

Abstract:

Systemic risk, Contagion, Herding, Procyclicality, Information spillover, Inter-bank correlation

Information Contagion and Inter-Bank Correlation in a Theory of Systemic Risk

CEPR Discussion Paper No. 3743
Number of pages: 51 Posted: 05 Mar 2003
Viral V. Acharya and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 35 (384,248)
Citation 3

Abstract:

Systemic risk, contagion, herding, procyclicality, information spillover, interbank correlation

Too Many to Fail - An Analysis of Time-Inconsistency in Bank Closure Policies

Bank of England Working Paper No. 319, London Business School IFA Working Paper
Number of pages: 54 Posted: 05 Mar 2005
Viral V. Acharya and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 490 (45,470)
Citation 72

Abstract:

Bank regulation, systemic risk, bailout, moral hazard, herding, too big to fail

Too Many to Fail - An Analysis of Time Inconsistency in Bank Closure Policies

CEPR Discussion Paper No. 4778
Number of pages: 32 Posted: 06 Mar 2005
Viral V. Acharya and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 23 (441,848)
Citation 72

Abstract:

Bank regulation, systemic risk, bailout, moral hazard, herding

Too Many to Fail - An Analysis of Time-Inconsistency in Bank Closure Policies

Journal of Financial Intermediation, Forthcoming
Posted: 22 Aug 2006
Viral V. Acharya and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business and University of Amsterdam - Faculty of Economics and Business (FEB)

Abstract:

Bank regulation, systemic risk, bailout, moral hazard, herding, too big to fail

8.

Herd Behavior, Bank Runs and Information Disclosure

Number of pages: 38 Posted: 13 Sep 2004
Tanju Yorulmazer
University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 490 (42,161)
Citation 4

Abstract:

Herding, bank runs, information, disclosure

9.
Downloads 468 ( 48,771)
Citation 15

Systemic Risk and Deposit Insurance Premiums

Economic Policy Review, Forthcoming
Number of pages: 11 Posted: 31 Oct 2009
Viral V. Acharya, João A. C. Santos and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Federal Reserve Bank of New York and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 344 (70,084)
Citation 15

Abstract:

Systemic Risk and Deposit Insurance Premiums

Economic Policy Review, Vol. 16, No. 1, p. 89, August 2010
Number of pages: 11 Posted: 17 Sep 2010
Viral V. Acharya, Tanju Yorulmazer and João A. C. Santos
New York University - Leonard N. Stern School of Business, University of Amsterdam - Faculty of Economics and Business (FEB) and Federal Reserve Bank of New York
Downloads 124 (190,029)
Citation 15

Abstract:

Financial Crisis, Too-Big-to-Fail, Fire Sales, FDIC, Time-Inconsistency, Too-Many-to-Fail

Cash-in-The-Market Pricing and Optimal Resolution of Bank Failures

EFA 2006 Zurich Meetings, Bank of England Working Paper No. 328
Number of pages: 67 Posted: 17 Mar 2005
Viral V. Acharya and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 468 (48,213)
Citation 46

Abstract:

Bailouts, Systemic risk, Banking crises, Lender of last resort, Too many to fail, Time inconsistency, Herding

Cash-in-The-Market Pricing and Optimal Resolution of Bank Failures

The Review of Financial Studies, Vol. 21, Issue 6, pp. 2705-2742, 2008
Posted: 15 Dec 2008
Viral V. Acharya and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business and University of Amsterdam - Faculty of Economics and Business (FEB)

Abstract:

G21, G28, G38, E58, D62

11.
Downloads 449 ( 51,355)
Citation 15

Fire-Sale FDI

AFA 2008 New Orleans Meetings Paper, EFA 2008 Athens Meetings Paper
Number of pages: 45 Posted: 20 Mar 2007 Last Revised: 11 Nov 2010
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 314 (77,845)
Citation 15

Abstract:

Fire sales, Capital flight, FDI flows, Financial crises, Foreign takeovers

Fire-Sale FDI

NYU Working Paper No. 2451/29541
Number of pages: 53 Posted: 08 Feb 2010 Last Revised: 10 Sep 2013
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 134 (178,654)
Citation 15

Abstract:

Fire-Sale FDI

CEPR Discussion Paper No. DP6319
Number of pages: 48 Posted: 27 May 2008
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 1 (571,894)
Citation 15

Abstract:

capital flight, FDI flows, financial crises, fire sales, foreign takeovers

12.

Limited Liability and Bank Herding

EFA 2004 MAASTRICHT
Number of pages: 43 Posted: 04 Nov 2003
Viral V. Acharya and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 395 (56,383)
Citation 3

Abstract:

Systemic risk, Contagion, Procyclicality, Information spillover, Inter-bank correlation

13.
Downloads 354 ( 68,331)
Citation 8

Liquidity Hoarding

FRB of New York Staff Report No. 488
Number of pages: 66 Posted: 26 Mar 2011
Douglas M. Gale and Tanju Yorulmazer
New York University (NYU) - Department of Economics and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 232 (108,204)
Citation 8

Abstract:

interbank market, fire sale

Liquidity Hoarding

Number of pages: 58 Posted: 08 Mar 2011
Douglas M. Gale and Tanju Yorulmazer
New York University (NYU) - Department of Economics and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 122 (192,465)
Citation 8

Abstract:

Interbank Market, Fire Sale

14.

Has Financial Innovation Made the World Riskier? CDS, Regulatory Arbitrage and Systemic Risk

Number of pages: 39 Posted: 15 Nov 2012 Last Revised: 26 Apr 2013
Tanju Yorulmazer
University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 287 (54,573)

Abstract:

capital requirements, leverage, asset bubbles, deposit insurance

15.
Downloads 278 ( 89,799)
Citation 10

A Theory of Slow-Moving Capital and Contagion

Number of pages: 45 Posted: 23 Jan 2009 Last Revised: 10 Nov 2010
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 168 (147,396)
Citation 10

Abstract:

arbitrage, illiquidity, crises, spillover

A Theory of Slow-Moving Capital and Contagion

NYU Working Paper No. FIN-08-029
Number of pages: 45 Posted: 09 Mar 2009
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 104 (216,790)
Citation 10

Abstract:

A Theory of Slow-Moving Capital and Contagion

CEPR Discussion Paper No. DP7147
Number of pages: 47 Posted: 18 Feb 2009
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 6 (537,931)
Citation 10

Abstract:

arbitrage, crises, fire sales, illiquidity, spillover

16.

Endogenous Choice of Bank Liquidity: The Role of Fire Sales

Bank of England Working Paper No. 376
Number of pages: 68 Posted: 12 Dec 2009
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 172 (116,055)
Citation 4

Abstract:

Crises, systemic risk, distress, limited pledgeability, lender of last resort

17.

Watering a Lemon Tree: Heterogeneous Risk Taking and Monetary Policy Transmission

FRB of New York Staff Report No. 724
Number of pages: 46 Posted: 14 Apr 2015 Last Revised: 01 Mar 2017
Dong Beom Choi, Thomas M. Eisenbach and Tanju Yorulmazer
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 139 (173,015)

Abstract:

monetary policy transmission, financial frictions, heterogeneous agents, financial intermediation

18.

Imperfect Competition in the Interbank Market for Liquidity as Arationale for Central Banking

NYU Working Paper No. FIN-09-031
Number of pages: 42 Posted: 08 Feb 2010
Viral V. Acharya, Denis Gromb and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, INSEAD and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 126 (183,664)
Citation 20

Abstract:

19.

On the Dynamics and Severity of Bank Runs: An Experimental Study

Number of pages: 36 Posted: 06 Feb 2008 Last Revised: 28 Dec 2012
Andrew Schotter and Tanju Yorulmazer
New York University (NYU) - Department of Economics and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 100 (212,715)
Citation 6

Abstract:

Bank runs, Banking crises, Informed depositors, Deposit insurance, Experiments

20.

Bank Resolution Concepts, Tradeoffs, and Changes in Practices

Economic Policy Review, Forthcoming
Number of pages: 39 Posted: 10 Apr 2014
Phoebe White and Tanju Yorulmazer
Federal Reserve Banks - Federal Reserve Bank of New York and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 77 (157,968)

Abstract:

bank failures, resolution

21.

Stability of Funding Models: An Analytical Framework

Economic Policy Review, Vol. 20, No. 1, 2014
Number of pages: 19 Posted: 05 Mar 2014
Federal Reserve Banks - Federal Reserve Bank of New York, Rutgers, The State University of New Jersey - Department of Economics, Federal Reserve Bank of New York and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 69 (188,150)

Abstract:

financial crisis, bank run, market run, maturity, wholesale funding, liquidity

22.

What Makes Large Bank Failures so Messy and What to Do About it?

Economic Policy Review, Forthcoming
Number of pages: 41 Posted: 10 Apr 2014
Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Bank of New York and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 52 (276,271)

Abstract:

23.

Literature Review on the Stability of Funding Models

Economic Policy Review, Vol. 20, No. 1, 2014
Number of pages: 14 Posted: 05 Mar 2014
Tanju Yorulmazer
University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 33 (267,811)

Abstract:

liquidity transformation, maturity transformation, bank run

24.

Case Studies on Disruptions during the Crisis

Economic Policy Review, Vol. 20, No. 1, 2014
Number of pages: 12 Posted: 05 Mar 2014
Tanju Yorulmazer
University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 27 (223,159)

Abstract:

wholesale funding, money market mutual funds, commercial paper, repo, dollar swap lines, asset-backed commercial paper

25.

Cash-in-the-Market Pricing and Optimal Bank Bailout Policy

CEPR Discussion Paper No. 5154
Number of pages: 58 Posted: 17 Aug 2005
Viral V. Acharya and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 18 (454,356)
Citation 4

Abstract:

Bank regulation, systemic risk, banking crises, time inconsistency, too many to fail, herding

26.

Imperfect Competition in the Inter-Bank Market for Liquidity as a Rationale for Central Banking

CEPR Discussion Paper No. DP6984
Number of pages: 41 Posted: 02 Dec 2008
Viral V. Acharya, Denis Gromb and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, London Business School and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 9 (500,361)
Citation 29

Abstract:

Asset specificity, Central bank, Competition, Interbank lending, Lender of last resort, Market power

27.

Fire Sales, Foreign Entry and Bank Liquidity

CEPR Discussion Paper No. DP6309
Number of pages: 62 Posted: 27 May 2008
Viral V. Acharya, Hyun Song Shin and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business, Bank for International Settlements and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 6 (514,318)
Citation 19

Abstract:

crises, distress, limited pledgeability, liquidation cost, systemic risk

28.

Bank Capital Structure, Fire Sales, and the Social Value of Deposits

Number of pages: 43 Posted: 06 Apr 2017
Douglas M. Gale and Tanju Yorulmazer
New York University (NYU) - Department of Economics and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 0 (287,609)

Abstract:

Bank Capital Structure, Overaccumulation, General Equilibrium, Incomplete Markets, Pecuniary Externalities, Regulation

29.

A Theory of Collateral for the Lender of Last Resort

Number of pages: 44 Posted: 28 Nov 2016 Last Revised: 05 May 2017
Dong Beom Choi, João A. C. Santos and Tanju Yorulmazer
Federal Reserve Bank of New York, Federal Reserve Bank of New York and University of Amsterdam - Faculty of Economics and Business (FEB)
Downloads 0 (231,005)

Abstract:

Central Bank, Liquidity, Bagehot, Interbank Market, Lending Facilities

30.

Information Contagion and Bank Herding

Journal of Money, Credit, and Banking, Forthcoming
Posted: 28 Oct 2006
Viral V. Acharya and Tanju Yorulmazer
New York University - Leonard N. Stern School of Business and University of Amsterdam - Faculty of Economics and Business (FEB)

Abstract:

Systemic risk, Information spillover, Inter-bank correlation