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Time-Varying Exchange Rate Basket in China from 2005 to 2009

Fidrmuc, Jarko - 2013

We use the Kalman filter to estimate the structure of the secret currency basket of the renminbi based on daily data between 2005 and 2009. The currency weights of selected currencies are modeled as stochastic processes (random walks). The official announcement of the new exchange rate regime in...

Persistent link: https://www.econbiz.de/10013094429

Unexpected Loan Losses and Bank Capital in an Estimated DSGE Model of the Euro Area

Hristov, Nikolay - 2016

conditions, credit default and bank capitalization for the transmission of macroeconomic shocks. We fit the model to euro area … empirical literature, i.e. the pro-cyclicality of bank profitability and the counter-cyclical response of firm default rates and …

Persistent link: https://www.econbiz.de/10012978077

Creditor Passivity : The Effects of Bank Competition and Institutions on the Strategic Use of Bankruptcy Filings

Hainz, Christa - 2021

intensifies. We find that the better the institutions and the more competitive the banking sector, the higher the bank's incentive …

Persistent link: https://www.econbiz.de/10013316824

Liquidity Shortages and Monetary Policy

Cao, Jin; Illing, Gerhard - 2021

The paper models the interaction between risk taking in the financial sector and central bank policy for the case of pure illiquidity risk. It is shown that, when bad states are highly unlikely, public provision of liquidity may improve the allocation, even though it encourages more risk taking...

Persistent link: https://www.econbiz.de/10013316591

Escaping from a Combination of Liquidity Trap and Credit Crunch

Heinemann, Frank - CESifo - 2008

This brief exposition suggests that the Federal Reserve System temporarily guarantee a lower bound on stock prices in order to escape the current combination of liquidity trap and credit crunch. It shortly discusses reasons for this measure, consequences, and some alternatives. It is meant as a...

Persistent link: https://www.econbiz.de/10005765775

When Credit Dries Up : Job Losses in the Great Recession

Bentolila, Samuel - 2014

We use a unique dataset to estimate the impact of a large credit supply shock on employment in Spain. We exploit marked differences in banks' health at the onset of the Great Recession. Several weak banks were rescued by the State and they reduced credit more than other banks. We compare...

Persistent link: https://www.econbiz.de/10013060983

Financial Stability in Europe : Banking and Sovereign Risk

Bruha, Jan - 2017

We analyze the link between banking sector quality and sovereign risk in the whole European Union over 1999–2014. We … theoretically and empirically motivated banking sector characteristics, and a Bayesian inference in panel estimation as a …-up call hypothesis in that markets re-appraised a number of banking sector-related issues in the pricing of sovereign risk …

Persistent link: https://www.econbiz.de/10012955275

Central Banking and Financial Stability in the Long Run

Cao, Jin - 2013

Most theoretical central bank models use short horizons and focus on a single tradeoff. However, in reality central banks play complex, long horizon games and face more than one tradeoff. We account for these issues in a simple infinite horizon game with a novel tradeoff: higher rates deter...

Persistent link: https://www.econbiz.de/10013080504

Financial Reform and Banking Crises

Shehzad, Choudhry Tanveer - 2013

We examine the impact of various dimensions of financial reform on the likelihood of systemic and non-systemic banking … 2002, our multivariate probit modeling results suggest that conditional on adequate banking supervision, certain dimensions …

Persistent link: https://www.econbiz.de/10013095277

Competition and Stability in Banking

Vives, Xavier - 2013

competition and stability in banking. There are two basic channels through which competition may increase instability: by …

Persistent link: https://www.econbiz.de/10013094726

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