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Assessing Targeted Macroprudential Financial Regulation: The Case of the 2006 Commercial Real Estate Guidance for Banks
Bassett, William F.; Marsh, Blake - Federal Reserve Board (Board of Governors of the … - 2014
In the mid-2000s, federal bank regulatory agencies became alarmed by steadily increasing concentrations of commercial real estate (CRE) loans at many banks, particularly loans used to finance construction and land development (CLD). In January 2006, they issued guidance that required banks with...
Persistent link: https://www.econbiz.de/10010886224
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Limited Deposit Insurance Coverage and Bank Competition
Shy, Oz; Stenbacka, Rune; Yankov, Vladimir - Federal Reserve Board (Board of Governors of the … - 2014
Deposit insurance schemes in many countries place a limit on the coverage of deposits in each bank. However, no limits are placed on the number of accounts held with different banks. Therefore, under limited deposit insurance, some consumers open accounts with different banks to achieve higher...
Persistent link: https://www.econbiz.de/10010886227
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The Domestic and International Effects of Interstate U.S. Banking
Cacciatore, Matteo; Ghironi, Fabio; Stebunovs, Viktors - Federal Reserve Board (Board of Governors of the … - 2014
, stochastic, general equilibrium model with endogenous producer entry. Integration of banking across localities reduces the degree … banking in the late 1970s. …
Persistent link: https://www.econbiz.de/10010886231
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Tying loan interest rates to borrowers' CDS spreads
Ivanov, Ivan T.; Santos, Joao A. C.; Vo, Thu - Federal Reserve Board (Board of Governors of the … - 2014
We investigate how the introduction of market-based pricing, the practice of tying loan interest rates to credit default swaps, has affected borrowing costs. We find that CDS-based loans are associated with lower interest rates, both at origination and during the life of the loan. Our results...
Persistent link: https://www.econbiz.de/10010937969
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Bank Interventions and Options-based Systemic Risk: Evidence from the Global and Euro-area Crisis
Londono, Juan M.; Tian, Mary - Federal Reserve Board (Board of Governors of the … - 2014
injection announcements on systemic risk for the banking sector in the U.S. and the euro area between 2008 and 2013. We propose … a new measure of options-based systemic risk called downside correlation risk premium (DCRP), which quantifies the … compensation investors demand for being exposed to the risk of large correlated drops in bank stock prices. DCRP is calculated …
Persistent link: https://www.econbiz.de/10010937978
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Are the Borrowing Costs of Large Financial Firms Unusual?
Ahmed, Javed I.; Anderson, Christopher W.; Zarutskie, … - Federal Reserve Board (Board of Governors of the … - 2015
government support, or generally reduced risk perceptions, may have reduced borrowing costs for the financial industry, as a …
Persistent link: https://www.econbiz.de/10011268455
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Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms
Cull, Robert; Li, Wei; Sun, Bo; Xu, Lixin Colin - Federal Reserve Board (Board of Governors of the … - 2015
We examine the role of firms' government connections, defined by government intervention in CEO appointment and the status of state ownership, in determining the severity of financial constraints faced by Chinese firms. We demonstrate that government connections are associated with substantially...
Persistent link: https://www.econbiz.de/10011269077
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An agency problem in the MBS market and the solicited refinancing channel of large-scale asset purchases
Kandrac, John; Schlusche, Bernd - Federal Reserve Board (Board of Governors of the … - 2015
mortgages that underlie the MBS no longer share in the prepayment risk of the securities, thereby increasing incentives to …
Persistent link: https://www.econbiz.de/10011273692
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The Determinants of Subprime Mortgage Performance Following a Loan Modification
Schmeiser, Maximilian D.; Gross, Matthew B. - Federal Reserve Board (Board of Governors of the … - 2015
We examine the evolution of mortgage modification terms obtained by distressed subprime borrowers during the recent housing crisis, and the effect of the various types of modifications on the subsequent loan performance. Using the CoreLogic LoanPerformance dataset that contains detailed loan...
Persistent link: https://www.econbiz.de/10011273693
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Loan Sales and Bank Liquidity Risk Management: Evidence from a U.S. Credit Register
Irani, Rustom M.; Meisenzahl, Ralf R. - Federal Reserve Board (Board of Governors of the … - 2015
We examine the impact of banks' liquidity risk management on secondary loan sales. We track the dynamics of bank loan … importance of bank liquidity risk management as a motivation for loan sales, in addition to the credit risk transfer motive …
Persistent link: https://www.econbiz.de/10011273699