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Fuzzy Capital Requirements, Risk-Shifting and the Risk Taking Channel of Monetary Policy

Dubecq, S.; Mojon, B.; Ragot, X. - Banque de France - 2009

We set up a model where asset price bubbles due to risk shifting can be moderated by capital requirements. However … arbitrage, introduces uncertainty about the risk exposure of intermediaries. Underestimation of regulatory arbitrage may induce … households to infer that higher asset prices are due to a decline of risk. First, this mechanism can explain why the risk premia …

Persistent link: https://www.econbiz.de/10008577791

Financing SMEs in Europe

Balling, Morten (ed.); Bernet, Beat (ed.); Gnan, Ernest (ed.) - Conference on "Financing SMEs in Europe" <2008, Paris>; … - 2009

potential and, in particular when it comes to lack of risk capital, their innovation and R&D activity. Against this background … bank credit for SMEs, the consequences of Basel II on credit risk analysis and SMEs' possible strategic replies were …

Persistent link: https://www.econbiz.de/10011705468

Corporate finance in Germany and France : a joint research project of the Deutsche Bundesbank and the Banque de France

Sauvé, Annie (ed.); Scheuer, Manfred (contributor); … - 1999

Persistent link: https://www.econbiz.de/10001412017

Mark-up and Capital Structure of the Firm facing Uncertainty.

Chatelain, J.-B. - Banque de France - 2001

This paper shows that, with pre-set price and capital decisions of firms facing uncertainty and credit rationing, price, mark up and the expected degree of capacity utilization (resp. capital) increases (resp. decreases) with the firm internal net worth.

Persistent link: https://www.econbiz.de/10005487059

Credit Growth and Bank Capital Requirements: Binding or Not?

Labonne, C.; Lamé, G. - Banque de France - 2014

This paper examines the sensitivity of non-financial corporate lending to banks' capital ratio and their supervisory capital requirements. We use a unique database for the French banking sector between 2003 and 2011 combining confidential bank-level Bank Lending Survey answers with the...

Persistent link: https://www.econbiz.de/10010815964

Bank monitoring incentives and optimal ABS

Pagès, H. - Banque de France - 2012

loan sale involving both credit risk retention based on ABS credit default swaps and credit enhancement in the form of a …

Persistent link: https://www.econbiz.de/10010815979

Calibrating Initial Shocks in Bank Stress Test Scenarios: An Outlier Detection Based Approach.

Darne, O.; Levy-Rueff, O.; Pop, A. - Banque de France - 2013

stress test scenarios based on statistical techniques for detecting outliers in time series of risk factors. Our approach …

Persistent link: https://www.econbiz.de/10010815985

Bank Ownership and Credit Cycle: the lower sensitivity of public bank lending to the business cycle.

Duprey, T. - Banque de France - 2012

This paper examines empirically to which extent public banks feature a different pattern in their lending behaviour over macroeconomic fluctuations. Based on a unique dataset from 1990 to 2010, including at most 459 public banks in 93 countries, I can handle ownership change by including records...

Persistent link: https://www.econbiz.de/10010816013

Bank leverage shocks and the macroeconomy: a new look in a data-rich environment.

Mésonnier, J-S.; Stevanovic, D. - Banque de France - 2012

The recent crisis has revealed the potentially dramatic consequences of allowing the build-up of an overstretched leverage of the financial system, and prompted proposals by bank supervisors to significantly tighten bank capital requirements as part of the new Basel 3 regulations. Although these...

Persistent link: https://www.econbiz.de/10010816017

Analyse du risque de contrepartie de la réassurance pour les assureurs français

Frey, L.; Tavolaro, S.; Viol, S. - Banque de France - 2013

Cette analyse a pour objectif de présenter les enjeux de la réassurance en France en se concentrant, au travers de deux exercices de stress tests distincts, sur le risque de contrepartie généré par les cessions de provisions. Les données réglementaires permettent la détermination d’un...

Persistent link: https://www.econbiz.de/10010929759