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Bougheas, Spiros P.; Worrall, Timothy - 2017

A common practice of banks has been to pool assets of different qualities and then sell a fraction of the newly created portfolios to investors. We extend the signaling model for single sales of risky assets to portfolio sales. We identify conditions under which signaling at the portfolio level...

Persistent link: https://www.econbiz.de/10011610925

Strategic complementarity, fragility, and regulation

Vives, Xavier - 2011 - Rev. May 2011

The paper analyzes a very stylized model of crises and demonstrates how the degree of strategic complementarity in the actions of investors is a critical determinant of fragility. It is shown how the balance sheet composition of a financial intermediary, parameters of the information structure...

Persistent link: https://www.econbiz.de/10009230899

Regulation, financial crises, and liberalization traps

Marchionne, Francesco; Pisicoli, Beniamino; Fratianni, … - 2019

regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to …: it rises as regulation stringency moves from low to medium levels and falls from medium to high levels. Countries located …

Persistent link: https://www.econbiz.de/10012030889

Bank capital regulation with an opportunistic rating agency

Efing, Matthias - 2013 - First draft: May, 2012, This version: May 16, 2013

rating agency and the bank corrupts rating quality, rating-independent regulation enhances welfare. The welfare benefits are …

Persistent link: https://www.econbiz.de/10009753006

Regulatory competition and multi-national banking

Dalen, Dag Morten; Olsen, Trond E. - 2003

supervision and regulation. When a MNB expands internationally with subsidiaries, the MNB operates under the legislation of … left to the national regulators. An important issue is whether the decentralized approach to regulation of MNBs creates … inefficiencies and financial instability. We show that lack of international coordination of regulation towards MNB …

Persistent link: https://www.econbiz.de/10011508005

Regulatory arbitrage and the efficiency of banking regulation

Boyer, Pierre C.; Kempf, Hubert - 2016

We study the efficiency of banking regulation under financial integration. Banks freely choose the jurisdiction where …

Persistent link: https://www.econbiz.de/10011458020

Insurers monitor shocks to collateral : micro evidence from mortgage-backed securities

Fetzer, Thiemo; Guin, Benjamin; Netto, Felipe; Saidi, Farzad - 2024

This paper uncovers if and how insurance companies react to shocks to collateral in their portfolio of securitized assets. We address this question in the context of commercial real estate cash flow shocks, which are informationally opaque to holders of commercial mortgage-backed securities...

Persistent link: https://www.econbiz.de/10015061135

Sovereign default risk and banks in a monetary union

Uhlig, Harald - 2013 - This revision: August 12, 2013

This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank … in other "safe" countries will impose tighter regulation. As a result, governments in risky countries get to borrow more …

Persistent link: https://www.econbiz.de/10009786077

Financial reform and banking crises

Shehzad, Choudhry Tanveer - 2009

We examine the impact of various dimensions of financial reform on the likelihood of systemic and non-systemic banking crises. Using new financial reform measures for a large sample of developing and developed countries for the period 1973 to 2002, our multivariate probit modeling results...

Persistent link: https://www.econbiz.de/10003922715

Holes in the dike : the global savings glut, US house prices and the long shadow of banking deregulation

Hoffmann, Mathias; Stewen, Iryna - 2015

We explore empirically how capital inflows into the US and financial deregulation within the United States interacted in driving the run-up (and subsequent decline) in US housing prices over the period 1990-2012. To obtain an ex ante measure of financial liberalization, we focus on the history...

Persistent link: https://www.econbiz.de/10010515411