Similar Search Results

Eder, Armin; Fecht, Falko; Pausch, Thilo - 2014

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

Central banks and financial markets : the declining power of US monetary policy

Cömert, Hasan - 2013

'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

Cross-border transmission of emergency liquidity

Kick, Thomas; Koetter, Michael; Storz, Manuela - 2016

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

The structural foundations of international finance : problems of growth and stability

Boyd, Gavin (contributor); Padoan, Pier Carlo (contributor); … - 2003

universal banks -- 5. International banking regulation -- 6. Technology, productivity and structural change -- 7. Cracks in the …

Persistent link: https://www.econbiz.de/10011851425

Lucas paradox and allocation puzzle : is the euro area different?

Herrmann, Sabine; Kleinert, Jörn - 2014

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

Financial and monetary integration in the new Europe : convergence between the EU and Central and Eastern Europe

Mullineux, Andrew W. (contributor); … - 2001

of macroeconomic policy. The book examines, in particular, monetary and exchange rate policies, banking regulation and …

Persistent link: https://www.econbiz.de/10011850773

The financial crisis and the regulation of finance

Green, Christopher J. (ed.); Pentecost, Eric J. (ed.); … - 2011

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

Repo funding and internal capital markets in the financial crisis

Kerl, Cornelia - 2013

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

Financial frictions and global spillovers

Metiu, Norbert; Hilberg, Björn; Grill, Michael - 2015

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

Institutions in crisis : European perspectives on the recession

Howden, David (contributor) - 2011

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