A CONCERNING VIEW IN THE LIQUIDITY CRISIS THROUGH THE GAME THEORY

Diana Larisa Țâmpu () and Carmen Costea ()
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Diana Larisa Țâmpu: ASE Bucharest, DSCQM, Doctoral School in Business Administration, Bucharest –Romania
Carmen Costea: ASE Bucharest, Romania

Journal of Information Systems & Operations Management, 2012, vol. 6, issue 1, 175-184

Abstract: The aim of this paper is to provide a substantiating view on the crises started in 2007 and of which consequences transcended around the world recession. The paper is, essentially, based on a static game theory managing the limits of classic finance theory to provide satisfactory explanations of different financial events. Our intention was to analyze two cases of application of the game theory in the financial intermediation, with impact on the crisis. The proposed games correspond to deposits and loans. The end of the game managed to the idea that balance is reached only when the players (both deponent and borrower) will withdraw money from the bank together. This will have a major impact on the bank resources. The approach path manages to the idea that new considerations may come near the current crises through the game theory.

Keywords: game theory; financial intermediation; bank liquidity; economic crises; market efficiency (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:rau:jisomg:v:6:y:2012:i:1:p:175-184

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