Showing 1 - 10 of 178
This paper tests the role of different banks� liquidity funding structures in explaining the bank failures that … closer supervision of banks� liquidity and funding conditions, appear decisive, however, if such improvements are to be … occurred in the United States between 2007 and 2009. The results highlight that funding is indeed a significant factor in …
Persistent link: https://www.econbiz.de/10009350682
After the crisis, bank regulators are considering mitigating liquidity risk by introducing quantity limits on liquidity … and maturity mismatch. We argue that aggregate liquidity risk can be reduced with little deadweight loss by encouraging … readily observable variable correlated with systemic liquidity risk (e.g. the LIBOR-OIS spread) is above a trigger threshold …
Persistent link: https://www.econbiz.de/10008677914
This paper studies the provision of incentives in a universal bank. This is regarded as a (common) agent serving different clients with potentially conflicting interests; for example, it may buy assets on behalf of investors and sell assets on behalf of issuing firms. The clients offer incentive...
Persistent link: https://www.econbiz.de/10005770767
This paper explores the implications of systemic risk in Credit Structured Finance (CSF). Risk measurement issues loomed large during the 2007-08 financial crisis, as the massive, unprecedented number of downgrades of AAA senior bond tranches inflicted severe losses on banks, calling into...
Persistent link: https://www.econbiz.de/10008677911
Using a unique data set, this paper describes the main features of the venture capital industry in Italy. Operations by Italian specialised venture capitalists are only in part devoted to small, young firms from advanced industries, have a rather short duration and are weakly focused on a few...
Persistent link: https://www.econbiz.de/10011099607
In recent years, banks have become increasingly aware of the credit risk borne in lending in the interbank market and they select their counterparties accordingly. They may also fear that if they come across a bad borrower, rescue plans will be skewed towards domestic creditors; moreover,...
Persistent link: https://www.econbiz.de/10009193015
decline in the level of steady state output, relative to the baseline. The impact of the new liquidity regulation is of a …
Persistent link: https://www.econbiz.de/10008865940
rationing is considered as well). Compliance with the new liquidity standards causes an additional slowdown of annual GDP growth … capital standards are even lower, slightly less than 0.2%; those needed to comply with the target liquidity ratio are of a …
Persistent link: https://www.econbiz.de/10008873302
This paper tests the hypothesis of liquidity hoarding in the Italian banking system during the 2007-2011 global …¿½ interventions are ineffective because banks hoard the liquidity injected rather than channelling it on to other banks and the real … the crisis, and, contrary to widespread conjecture, the liquidity injected by the Eurosystem was intermediated among banks …
Persistent link: https://www.econbiz.de/10011099633
institutions relative to the new rules on capital and liquidity. The exercise paints a picture of broad compliance with the … of liquidity present in the system seems necessary, including via the introduction of new coordination measures. …
Persistent link: https://www.econbiz.de/10011100363