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Credit Market Competition and Liquidity Crises

Carletti, Elena; Leonello, Agnese - CESifo - 2014

shortage sell loans on the interbank market. Two equilibria emerge. In the no default equilibrium, all banks hold enough … reserves and remain solvent. In the mixed equilibrium, some banks default with positive probability. The former exists when …

Persistent link: https://www.econbiz.de/10010743450

Contagion in Financial Networks: A Threat Index

Demange, Gabrielle - CESifo - 2015

should be injected during a default episode or to evaluate the impact of raising capital before the occurrence of default …

Persistent link: https://www.econbiz.de/10011257674

I Spy with my Little Eye... a Banking Crisis - Early Warnings and Incentive Schemes in Banks

Hakenes, Hendrik; Schlegel, Friederike - CESifo - 2014

The severity and depth of the recent financial crisis hit many by surprise. Despite warning signs, the financial system seems to have been unable to aggregate existing information. As the events of Fall 2008 showed, many investors were caught off guard by the large number of banks collapsing...

Persistent link: https://www.econbiz.de/10011103403

Spillovers from Systemic Bank Defaults

Mink, Mark; Haan, Jakob de - CESifo - 2014

the default risk of banks designated as globally systemically important by the Financial Stability Board. We find that … bank market values hardly respond to changes in the default risk of individual systemic banks. Together, however, changes … in systemic banks’ default risk explain a substantial part of changes in other banks’ market values. This result is …

Persistent link: https://www.econbiz.de/10010877758

The Great Mortgaging: Housing Finance, Crises, and Business Cycles

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - CESifo - 2014

This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks’ balance sheets doubled in the course of the 20th century, driven by a sharp rise of...

Persistent link: https://www.econbiz.de/10010948836

Banking Crisis Resolution Policy - Lessons from Recent Experience - which elements are needed for robust and efficient crisis resolution?

Mayes, David G. - CESifo - 2009

The current financial crisis has sparked intense debate about how weak banks should be resolved. Despite international efforts to coordinate and converge on such policies, national policy advice and resolution practices differ. The resolution methods adopted in the Nordic banking crises in the...

Persistent link: https://www.econbiz.de/10008583712

The Transmission Mechanism of Credit Support Policies in the Euro Area

Boeckx, Jef - 2017

We use an original monthly dataset of 131 individual euro area banks to examine the effectiveness and transmission mechanism of the Eurosystem's credit support policies since the start of the crisis. First, we show that these policies have indeed been succesful in stimulating the credit flow of...

Persistent link: https://www.econbiz.de/10012955416

Spillovers from Systemic Bank Defaults

Mink, Mark - 2014

the default risk of banks designated as globally systemically important by the Financial Stability Board. We find that … bank market values hardly respond to changes in the default risk of individual systemic banks. Together, however, changes … in systemic banks' default risk explain a substantial part of changes in other banks' market values. This result is …

Persistent link: https://www.econbiz.de/10013053062

I Spy with my Little Eye ... A Banking Crisis - Early Warnings and Incentive Schemes in Banks

Hakenes, Hendrik - 2015

Persistent link: https://www.econbiz.de/10013030321

Financial Markets, Banks' Cost of Funding, and Firms' Decisions : Lessons from Two Crises

Balduzzi, Pierluigi - 2016

We test whether adverse changes to banks' market valuations during the financial and sovereign debt crises, and the associated increase in banks' cost of funding, affected firms' real decisions. Using new data linking over 3,000 non-financial Italian firms to their bank(s), we find that...

Persistent link: https://www.econbiz.de/10013000230