Showing 1 - 10 of 66
We use a Diamond/Dybvig-based model with two banks operating in separate regions connected by a common asset market in which banks and sophisticated depositors invest. We study the effect of a potential run (crisis) and subsequent fire sales on the asset price in both the crisis and no-crisis...
Persistent link: https://www.econbiz.de/10010433396
'Hasan Cömert's timely book reaches us during the prolonged conditions of the global great recession. By providing a thorough and detailed econometric analysis of the institutional and historical developments of the hegemonic leader of capitalism, Cömert reveals that the simplistic monetary...
Persistent link: https://www.econbiz.de/10011851922
We show that emergency liquidity provision by the Federal Reserve transmitted to non-U.S. banking markets. Based on manually collected holding company structures of international banks, we can identify banks in Germany with access to U.S. facilities via internal capital markets. Using...
Persistent link: https://www.econbiz.de/10011538689
universal banks -- 5. International banking regulation -- 6. Technology, productivity and structural change -- 7. Cracks in the …
Persistent link: https://www.econbiz.de/10011851425
This paper examines the Lucas Paradox and the Allocation Puzzle of international capital flows referring to a panel data set of EMU countries and major industrialized and emerging economies. Overall, the results do not provide evidence in favour of the Lucas Paradox and the Allocation Puzzle....
Persistent link: https://www.econbiz.de/10010249651
of macroeconomic policy. The book examines, in particular, monetary and exchange rate policies, banking regulation and …
Persistent link: https://www.econbiz.de/10011850773
Regulation of Finance includes a comprehensive overview of the crisis and reviews the theory and practise of regulation in the UK … and worldwide. The contributors – all international experts on financial markets and regulation - provide perspectives and … analysis on macro-prudential regulation, the regulation of financial firms, and the role of shareholders and disclosure. …
Persistent link: https://www.econbiz.de/10011850630
This paper examines how the exposure of German parent banks to the disruptions on sale and repurchase markets (repo markets) during the financial crisis has affected their provision of funds to their foreign branches and subsidiaries via bank-internal capital markets. The collapse of the...
Persistent link: https://www.econbiz.de/10009740115
We investigate whether frictions in US financial markets amplify the international propagation of US financial shocks. The dynamics of the US economy is modeled jointly with global macroeconomic and financial variables using a threshold vector autoregression that allows us to capture...
Persistent link: https://www.econbiz.de/10010493885
This critical and thought-provoking book explores the causes and consequences of Europe's failed political and economic institutions. Europe's recession has created new challenges as market turmoil has shaken the foundations of the twin pillars of the new drive for European...
Persistent link: https://www.econbiz.de/10011851800