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Macroprudential policy and the revolving door of risk : lessons from leveraged lending guidance
Kim, Sooji; Plosser, Matthew C.; Santos, João A. C. - 2017
more lax lending policies than banks, we unveil important evidence that nonbanks increased bank borrowing following the …
Persistent link: https://www.econbiz.de/10011657569
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Credit risk transfer and de facto GSE reform
Finkelstein, David L.; Strzodka, Andreas; Vickery, James - 2018
We summarize and evaluate Fannie Mae and Freddie Mac's credit risk transfer (CRT) programs, which have been used since 2013 to shift a portion of credit risk on more than $1.8 trillion of mortgages to private sector investors. We argue that the CRT programs have been successful in reducing the...
Persistent link: https://www.econbiz.de/10011806244
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Bank recapitalizations and lending : a little is not enough
Homar, Timotej - 2016
This paper analyzes the effect of bank recapitalizations on lending, funding and asset quality of European banks …
Persistent link: https://www.econbiz.de/10011975004
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(Pro?)-cyclicality of collateral haircuts and systemic illiquidity
Glaser, Florian; Panz, Sven - 2016
Procyclicality of collateral haircuts and margins has become a widely proclaimed behavior and is currently discussed not only by academic literature but also by regulatory authorities in Europe. Procyclicality of haircuts is assumed to be a trigger of liquidity spirals due to its tightening...
Persistent link: https://www.econbiz.de/10011975294
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Regulating the doom loop
Alogoskoufis, Spyros; Langfield, Sam - 2018
Euro area governments have committed to break the doom loop between bank risk and sovereign risk. But policymakers have …
Persistent link: https://www.econbiz.de/10011978559
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Why are banks not recapitalized during crises?
Crosignani, Matteo - 2017
, in the context of the eurozone periphery, the increase in domestic government bond holdings, the reduction of bank credit …
Persistent link: https://www.econbiz.de/10011978342
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Interbank credit exposures and financial stability
Schneorson, Oren - 2022
connectivity may destabilize the financial system via the bank-run channel. This is because it decreases the risk-sharing benefits … of interbank connectivity. A bank-run model features two islands that are connected via a long term debt claim. Varying … the size of this claim (interbank connectivity), I study how the decision to 'run on the bank' is affected. I run a …
Persistent link: https://www.econbiz.de/10013350529
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A sentiment-based risk indicator for the Mexican financial sector
Rho, Caterina; Fernández, Raúl; Palma, Brenda - 2021
We apply text analysis to Twitter messages in Spanish to build a sentiment- based risk index for the financial sector in Mexico. We classify a sample of tweets for the period 2006-2019 to identify messages in response to positive or negative shocks to the Mexican financial sector. We use a...
Persistent link: https://www.econbiz.de/10012520221
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Financial market enforcement in France
Batz, Laure de - 2022 - This version: January 2022
This paper puts into perspective enforcement as conducted by the French Financial Market Authority since its creation in 2003 until 2021 with regards to the current state of the literature on financial crimes. We survey exhaustively the three main channels of action: sanctions, settlements...
Persistent link: https://www.econbiz.de/10014533580
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The effect of bank monitoring on loan repayment
Branzoli, Nicola; Fringuellotti, Fulvia - 2020
bank monitoring based on banks' requests for information on their existing borrowers and we investigate the effect of bank … exogenous variation in bank monitoring. Our identification strategy is supported by a theoretical model predicting that a … decrease in the tax rate improves bank incentives to monitor borrowers by increasing returns from lending. We find that bank …
Persistent link: https://www.econbiz.de/10012224299