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A social constructivist analysis of the 2007 banking crisis: building trust and transparency through community currencies
Breitstein, Lance; Dini, Paolo - London School of Economics (LSE) - 2011
This article examines the 2007 banking crisis from an interdisciplinary and, in particular, social constructivist perspective to identify its structural and systemic causes. After presenting and explaining a wide meta-theoretical framework that can accommodate different understandings of...
Persistent link: https://www.econbiz.de/10010884691
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Recovery rates, default probabilities and the credit cycle
Bruche, Max; Gonzalez-Aguado, Carlos - London School of Economics (LSE) - 2006
ignoring the dynamic nature of credit risk could lead to a severe underestimation of credit risk (e.g. by a factor of up to 1 …
Persistent link: https://www.econbiz.de/10010746498
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Written evidence given by Professor Alexander Pepper of the London School of Economics and Political Science to the UK Parliamentary Commission on banking standards
Pepper, Alexander - London School of Economics (LSE) - 2013
My contention is that many of the current problems with 'Bankers’ Pay' have their origins in the dismantling of the formal and informal institutions which regulated the labour markets in the financial centres in London and New York prior to 1986-1987.
Persistent link: https://www.econbiz.de/10010746618
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Cyclical adjustment of capital requirements: a simple framework
Repullo, Rafael - London School of Economics (LSE) - 2013
. Capital serves to ameliorate a moral hazard problem in the choice of risk. There is a fixed aggregate supply of bank capital …, so the cost of capital is endogenous. A regulator sets risk-sensitive capital requirements in order to maximize a social … produce a large reduction in aggregate investment. The result provides a rationale for the cyclical adjustment of risk …
Persistent link: https://www.econbiz.de/10011171760
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Regulating financial market infrastructures
Ferrarini, Guido; Saguato, Paolo - London School of Economics (LSE) - 2014
FMIs, and focuses on the dichotomy between the ‘systemic risk’ and ‘transaction costs’ approaches to financial markets and …
Persistent link: https://www.econbiz.de/10011125895
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The end of bank secrecy? An evaluation of the G20 tax haven crackdown
Johannesen, Niels; Zucman, Gabriel - London School of Economics (LSE) - 2014
During the financial crisis, G20 countries compelled tax havens to sign bilateral treaties providing for exchange of bank information. Policymakers have celebrated this global initiative as the end of bank secrecy. Exploiting a unique panel dataset, our study is the first attempt to assess how...
Persistent link: https://www.econbiz.de/10011126343
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Modelling and forecasting UK mortgage arrears and possessions
Aron, Janine; Muellbauer, John - London School of Economics (LSE) - 2010
This paper presents new models for aggregate UK data on mortgage possessions (foreclosures) and mortgage arrears (payment delinquencies). The innovations include the treatment of difficult to observe variations in loan quality and shifts in forbearance policy by lenders, by common latent...
Persistent link: https://www.econbiz.de/10011126430
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The role of bank capital and the transmission mechanism of monetary policy
Sunirand, Pojanart - London School of Economics (LSE) - 2002
This paper is a theoretical study of the transmission mechanism of monetary policy in the presence of an endogenous role of bank capital. The basic framework is a standard Dynamic New Keynesian model with price stickiness modified so as firms as well as banks face endogenous financial frictions...
Persistent link: https://www.econbiz.de/10010884669
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Consistent estimation of the risk-return tradeoff in the presence of measurement error
Ghosh, Anisha; Linton, Oliver - London School of Economics (LSE) - 2007
This paper proposes an approach to estimating the relation between risk (conditional variance) and expected returns in … proxy for the volatility in estimating the risk-return relation. Third, our estimation strategy involves the Generalized …
Persistent link: https://www.econbiz.de/10011071360
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The variable impact of the global economic crisis in South East Europe
Bartlett, Will; Prica, Ivana - London School of Economics (LSE) - 2012
This paper studies the variable impact of the global economic crisis on the post-communist countries of South East Europe and Turkey. The central question is whether the institutional reforms introduced in the former group of countries during the transition period have improved their ability to...
Persistent link: https://www.econbiz.de/10010884718