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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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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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Do Small Businesses Still Prefer Community Banks?
Berger, Allen N.; Goulding, William; Rice, Tara - Federal Reserve Board (Board of Governors of the … - 2013
We formulate and test hypotheses about the role of bank type – small versus large, single-market versus multimarket, and local versus nonlocal banks – in banking relationships. The conventional paradigm suggests that "community banks" – small, single market, local institutions – are...
Persistent link: https://www.econbiz.de/10010728891
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Bank Liquidity and Capital Regulation in General Equilibrium
Covas, Francisco; Driscoll, John C. - Federal Reserve Board (Board of Governors of the … - 2014
We develop a nonlinear dynamic general equilibrium model with a banking sector and use it to study the macroeconomic impact of introducing a minimum liquidity standard for banks on top of existing capital adequacy requirements. The model generates a distribution of bank sizes arising from...
Persistent link: https://www.econbiz.de/10011075119
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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
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Modeling Money Market Spreads: What Do We Learn about Refinancing Risk?
Brousseau, Vincent; Nikolaou, Kleopatra; Pill, Huw - Federal Reserve Board (Board of Governors of the … - 2014
We quantify the effect of refinancing risk on euro area money market spreads, a major factor driving spreads during the … borrow over a given horizon, thus increasing refinancing risk. We measure refinancing risk by quantifying the sensitivity of … frequency. Results suggest that refinancing risk affects the spread significantly across time, albeit in a largely varying …
Persistent link: https://www.econbiz.de/10011119859
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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 … - 2014
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/10011119862
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A guide to choosing absolute bank capital requirements
Carey, Mark - Federal Reserve Board (Board of Governors of the … - 2002
as the basis for estimates of the appropriate absolute level of economic capital allocations for portfolio credit risk …
Persistent link: https://www.econbiz.de/10005368373