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recent global liquidity crisis and, in particular, the quant event of 2007. …
Persistent link: https://www.econbiz.de/10005082543
-financial firm and commercial bank before the crisis, but the picture was quite different for large commercial banks States and for … deleveraging during the crisis. These results show that excessive risk taking before the crisis was not easily detectable because …
Persistent link: https://www.econbiz.de/10009283393
economic crisis. Evidence on the variety of discrimination implemented by governments, characteristics of the recent systemic … crisis, as well as on certain, often overlooked features of WTO obligations are used to support a conclusion that the WTO … rules altered at most the composition of crisis-era protectionism. As to the quantum of protectionism, it is unclear how WTO …
Persistent link: https://www.econbiz.de/10009365003
This paper examines the role of credit rating agencies in the subprime crisis that triggered the 2007-08 financial …
Persistent link: https://www.econbiz.de/10008558591
Most stock exchange regulators around the world reacted to the 2007-2009 crisis by imposing bans or regulatory …
Persistent link: https://www.econbiz.de/10008474510
Systemic risk is modeled as the endogenously chosen correlation of returns on assets held by banks. The limited liability of banks and the presence of a negative externality of one bank’s failure on the health of other banks give rise to a systemic risk-shifting incentive where all banks...
Persistent link: https://www.econbiz.de/10004980206
We present a model in which issuers of asset backed securities choose to release coarse information to enhance the liquidity of their primary market, at the cost of reducing secondary market liquidity or even causing it to freeze. The degree of transparency is inefficiently low if the social...
Persistent link: https://www.econbiz.de/10005504512
the same time, private debt levels, particularly those of financial institutions and households, are in uncharted …
Persistent link: https://www.econbiz.de/10008925708
between 1997Q3 and 2010Q1. During this time, a number of banks were nationalised, privatised, given unusual access to loan or …
Persistent link: https://www.econbiz.de/10009024484
dataset on Russia where GDP experienced an 8 percent drop in 2009. The effect of the crisis had been very uneven among Russian … the crisis. The variation in the industrial structure allows creating an instrument for the change in income. After … that the average level of trust in Russia is 25%, this magnitude is substantial. We also find that post-crisis economic …
Persistent link: https://www.econbiz.de/10011145423