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Universal Banking Failure? An Analysis of the Contrasting Responses of the Amsterdamsche Bank and the Rotterdamsche Bankvereeniging to the Dutch Financial Crisis of the 1920s

Colvin, Christopher Louis - London School of Economics and Political Science - 2007

two similar-sized banks operating in the Netherlands in the 1920s: the Amsterdamsche Bank and the Rotterdamsche … Bankvereeniging. Whilst the first escaped the crisis relatively unscathed, the second required assistance from the Nederlandsche Bank …, the Dutch central bank. A new and detailed narrative of one episode of the crisis using as yet unused primary sources is …

Persistent link: https://www.econbiz.de/10005870562

Bank Capital Requirements for Market Risk: The Internal Models Approach

Hendricks, Darryll; Hirtle, Beverly - Federal Reserve Bank <New York, NY>; London School of … - 1997

[...]This paper presents an overview of the new capitalrequirements. In the first section, we describe the structureof the requirements and the considerations that went intotheir design. In addition, we address some of the concernsthat have been raised about the methods of calculating...

Persistent link: https://www.econbiz.de/10005870218

Is There an Inflation Puzzle?

Lown, Cara S.; Rich, Robert W. - Federal Reserve Bank <New York, NY>; London School of … - 1997

[...]This article explores the inflation puzzle andinvestigates whether compensation has acted as either atemporary restraint on inflation or as the underlying sourceof a new inflation regime.2 After reviewing the recent behavior of inflation, we specify and estimate a traditionalprice-inflation...

Persistent link: https://www.econbiz.de/10005870223

Financial Consolidationand Monetary Policy

English, William - United States / Reserve Board; London School of …

The 1990s were characterized by substantial financial sectorconsolidation across a large number of industrializedcountries...

Persistent link: https://www.econbiz.de/10005869393

Systemic Risk and Deposit Insurance Premiums

Acharya, Viral V.; Santos, João A. C.; Yorulmazer, Tanju - London School of Economics and Political Science

),1 which leads to “fire-sale”–related pecuniaryexternalities; and bank interconnectedness (Allen and Gale2000; Kahn and Santos …

Persistent link: https://www.econbiz.de/10005869397

Risk Heterogeneity and Credit Supply: Evidence from the Mortgage Market

Besley, Timothy; Meads, Neil; Surico, Paolo - London School of Economics and Political Science - 2010

This paper uses a unique data set on more than 600,000 mortgagecontracts to estimate a credit supply function which allows for risk-heterogeneity. Non-linearity is modeled using quantile regressions. Wepropose an instrumental variable approach in which changes in the taxtreatment of housing...

Persistent link: https://www.econbiz.de/10009248804

How Important Is the Stock Market Effect on Consumption?

Ludvigson, Sydney C.; Steindel, Charles - Federal Reserve Bank <New York, NY>; London School of … - 1999

The second half of the 1990s has seen substantialchanges in the wealth of Americanhouseholds, primarily owing to movements inthe stock market. From mid-1994 to mid-1997, the aggregate value of household sector equityholdings (including those owned by nonprofits, mutualfunds, and pensions and...

Persistent link: https://www.econbiz.de/10005870062

Credit, Equity, and Mortgage Refinancings

Peristiani, Stavros; Bennett, Paul; Monsen, Gordon; … - Federal Reserve Bank <New York, NY>; London School of … - 1997

[...]This article significantly advances the literature onmortgage prepayments by introducing quantitative measuresof individual homeowner credit histories to the loan-levelanalysis of the factors influencing the probability that a homeownerwill refinance. In addition to credit histories, we...

Persistent link: https://www.econbiz.de/10005870272

Below the Line: Estimates of Negative Equity among Nonprime Mortgage Borrowers

Haughwout, Andrew; Ebiere Okah - London School of Economics and Political Science - 2009

The boom in nonprime mortgage lending that occurred inthe United States between 2004 and 2006 was quicklyfollowed by rapid increases in the rate of delinquencies andforeclosures on these loans.1 This pronounced deteriorationalarmed investors, the public, and policymakers.2...

Persistent link: https://www.econbiz.de/10005869400

Evaluation of Value-at-Risk Models Using Historical Data

Hendricks, Darryll - Federal Reserve Bank <New York, NY>; London School of … - 1996

[...]We begin by explaining the three most commoncategories of value-at-risk models—equally weighted movingaverage approaches, exponentially weighted movingaverage approaches, and historical simulation approaches.Although within these three categories many differentapproaches exist, for the...

Persistent link: https://www.econbiz.de/10005870342