Robert Marquez
Institution
University of California at Davis
PhD Year
1998
rsmarquez@ucdavis.edu
FTG Membership
Senior Member
Website
https://sites.google.com/site/robsmarquez/
Featured Work
Jun 5, 2025
Bank fragility and risk management
Shocks to a bank’s ability to raise liquidity at short notice can trigger depositor panics. Why don’t banks take a more active role in managing these risks? We study contingent risk management (hedging) in a standard global-games model of a bank run. Banks fail to hedge precisely when the exposure to a shock is most severe, just when risk management would have the biggest impact....
