Narrow search
Showing 1 - 10 of 487
Cover Image
A dynamic analysis of bank bailouts and constructive ambiguity
Eijffinger, Sylvester C W; Nijskens, Rob - C.E.P.R. Discussion Papers - 2012
Bailout expectations have led banks to behave imprudently, holding too little capital and relying too much on short term funding to finance long term investments. This paper presents a model to rationalize a constructive ambiguity approach to liquidity assistance as a solution to forbearance....
Persistent link: https://www.econbiz.de/10011083609
Cover Image
When bigger isn’t better: Bail outs and bank behaviour
Li, Han Hao; Miller, Marcus; Zhang, Lei - C.E.P.R. Discussion Papers - 2011
The traditional theory of commercial banking explains maturity transformation and liquidity provision assuming no … Commission on Banking (2011), chaired by Sir John Vickers. …
Persistent link: https://www.econbiz.de/10009320408
Cover Image
Securitization and Compensation in Financial Institutions
Inderst, Roman; Pfeil, Sebastian - C.E.P.R. Discussion Papers - 2010
We analyze the interaction between financial institutions' internal compensation policy, the quality of loans, and their securitization decision. We also assess the case for requiring financial institutions to defer bonus pay so as to make incentives more commensurate with the longer-term risk...
Persistent link: https://www.econbiz.de/10008692310
Cover Image
Bank Capital, Liquid Reserves, and Insolvency Risk
Hugonnier, Julien; Morellec, Erwan - C.E.P.R. Discussion Papers - 2015
We develop a dynamic model to assess the effects of liquidity and leverage requirements on banks' insolvency risk. The model features endogenous capital structure, liquid asset holdings, payout, and default decisions. In the model, banks face taxation, flotation costs of securities, and default...
Persistent link: https://www.econbiz.de/10011165669
Cover Image
How Do Regulators Influence Mortgage Risk? Evidence from an Emerging Market
Campbell, John Y; Ramadorai, Tarun; Ranish, Benjamin - C.E.P.R. Discussion Papers - 2012
To understand the effects of regulation on mortgage risk, it is instructive to track the history of regulatory changes …. However, in developed countries with fairly stable systems of financial regulation, it is difficult to track these effects. We …-changing regulation impacted mortgage lending and risk. We find evidence that regulation has important effects on mortgage rates and …
Persistent link: https://www.econbiz.de/10011083989
Cover Image
Lessons from the 2007 Financial Crisis
Buiter, Willem H. - C.E.P.R. Discussion Papers - 2007
adequacy requirements, privately rational but socially inefficient disintermediation, and competitive international de-regulation … insolvency laws for the banking sector contributed to the financial disarray. Despite this, it may well be possible to minimize …
Persistent link: https://www.econbiz.de/10005791213
Cover Image
Multinational Banking in Europe: Financial Stability and Regulatory Implications Lessons from the Financial Crisis
Barba Navaretti, Giorgio; Calzolari, Giacomo; Levi, Micol; … - C.E.P.R. Discussion Papers - 2010
evidence uses both aggregate evidence on foreign claims worldwide, and firm-level evidence on the behaviour of banking groups …
Persistent link: https://www.econbiz.de/10008468703
Cover Image
Bailouts And Moral Hazard: How Implicit Government Guarantees Affect Financial Stability
Mariathasan, Mike; Merrouche, Ouarda; Werger, Charlotte - C.E.P.R. Discussion Papers - 2014
, and regulations that can be put in place to reduce moral hazard induced by implicit guarantees to the banking sector. …
Persistent link: https://www.econbiz.de/10011145454
Cover Image
Securities Trading by Banks and Credit Supply: Micro-Evidence
Abbassi, Puriya; Iyer, Rajkamal; Peydró, José Luis; … - C.E.P.R. Discussion Papers - 2015
We analyze securities trading by banks and the associated spillovers to the supply of credit. Empirical analysis has been elusive due to the lack of securities register for banks. We use a unique, proprietary dataset that has the investments of banks at the security level for 2005-2012 in...
Persistent link: https://www.econbiz.de/10011196029
Cover Image
Does the European Financial Stability Facility bail out sovereigns or banks? An event study
Horvath, Balint; Huizinga, Harry - C.E.P.R. Discussion Papers - 2011
public finances and banking systems heavily exposed to southern Europe and Ireland benefited, as evidenced by lower sovereign …
Persistent link: https://www.econbiz.de/10009365641