Goodhart, Charles A.E. and Tsomocos, Dimitros P.: The challenge of financial stability: a new model and its applications

Jean-Bernard Chatelain (1)

1 CES - Centre d'économie de la Sorbonne

This review of the book "The Challenge of Financial Stability: A New Model and its Applications" by Goodhart C.A.E. and Tsomocos D.P. highlights the potential of the framework of strategic partial default of banks with credit chain on the interbank market for further theoretical and applied research on financial stability.

Mots clés: Financial stability; Banking; Contagion; Default; General Equilibrium

Domaines: Finance [q-fin.GN]; Economies et finances

Jean-Bernard Chatelain. Goodhart, Charles A.E. and Tsomocos, Dimitros P.: The challenge of financial stability: a new model and its applications. Journal of Economics, 2013, 109 (2), pp.201-205. ⟨10.1007/s00712-013-0345-5⟩. ⟨hal-00826206⟩