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Bank Networks: Contagion, Systemic Risk and Prudential Policy

Aldasoro, Inaki; Gatti, Domenico Delli; Faia, Ester - CESifo - 2015

We present a network model of the interbank market in which optimizing risk averse banks lend to each other and invest in non-liquid assets. Market clearing takes place through a tâtonnement process which yields the equilibrium price, while traded quantities are determined by means of a...

Persistent link: https://www.econbiz.de/10011155379

In Search for Yield? New Survey-Based Evidence on Bank Risk Taking

Buch, Claudia M.; Eickmeier, Sandra; Prieto, Esteban - CESifo - 2011

There is growing consensus that the conduct of monetary policy can have an impact on financial and economic stability through the risk-taking incentives of banks. Falling interest rates might induce a “search for yield” and generate incentives to invest into risky activities. This paper...

Persistent link: https://www.econbiz.de/10008872212

Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults

Pesaran, M. Hashem; Xu, TengTeng - CESifo - 2011

This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle dynamics, where firms rely on banks and households for capital financing. Firms are identical ex ante but differ ex post due to different realizations of firm specific technology...

Persistent link: https://www.econbiz.de/10009324087

Macroeconomic Factors and Micro-Level Bank Risk

Buch, Claudia M.; Eickmeier, Sandra; Prieto, Esteban - CESifo - 2010

address the following questions. How are macroeconomic shocks transmitted to bank risk and other banking variables? What are … the sources of bank heterogeneity, and what explains differences in individual banks’ responses to macroeconomic shocks …? Our paper has two main findings: (i) Average bank risk declines, and average bank lending increases following expansionary …

Persistent link: https://www.econbiz.de/10008671709

The Great Mortgaging: Housing Finance, Crises, and Business Cycles

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - CESifo - 2014

This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for …

Persistent link: https://www.econbiz.de/10010948836

The Impact of Basel III on Trade Finance: The Potential Unintended Consequences of the Leverage Ratio

Auboin, Marc; Blengini, Isabella - CESifo - 2014

Trade finance, particularly in the form of short-term letters of credit has received favourable capital treatment new Basel III rules. However, concerns have been expressed over the potential negative “unintended consequences” of the newly created leverage ratio for trade. This paper offers...

Persistent link: https://www.econbiz.de/10010948837

Escaping from a Combination of Liquidity Trap and Credit Crunch

Heinemann, Frank - CESifo - 2008

This brief exposition suggests that the Federal Reserve System temporarily guarantee a lower bound on stock prices in order to escape the current combination of liquidity trap and credit crunch. It shortly discusses reasons for this measure, consequences, and some alternatives. It is meant as a...

Persistent link: https://www.econbiz.de/10005765775

Financial Reform and Banking Crises

Shehzad, Choudhry Tanveer; Haan, Jakob de - CESifo - 2009

We examine the impact of various dimensions of financial reform on the likelihood of systemic and non-systemic banking crises. Using new financial reform measures for a large sample of developing and developed countries for the period 1973 to 2002, our multivariate probit modeling results...

Persistent link: https://www.econbiz.de/10008533993

A Micro Data Approach to the Identification of Credit Crunches

Rottmann, Horst; Wollmershäuser, Timo - CESifo - 2010

This paper presents a micro data approach to the identification of credit crunches. Using a survey among German firms which regularly queries the firms’ assessment of the current willingness of banks to extend credit we estimate the probability of a restrictive credit supply policy by time...

Persistent link: https://www.econbiz.de/10008498992

Determinants of Cross-Border Bank Acquisitions in Transition Economies: A Latent Class Analysis

Poghosyan, Tigran; Haan, Jakob de - CESifo - 2008

We analyze the microeconomic determinants of cross-border bank acquisitions in 16 transition economies over the period …

Persistent link: https://www.econbiz.de/10005405973

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