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International financial flows and misallocation
Cingano, Federico; Hassan, Fadi - 2020
Persistent link: https://www.econbiz.de/10012486462
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Transmission of global financial shocks to EMU member states : the role of monetary policy and national factors
Gelman, Maria; Jochem, Axel; Reitz, Stefan - 2016
mechanism. However, an appropriate policy mix of sound public finances, solid financial regulation and targeted macroprudential …
Persistent link: https://www.econbiz.de/10011495568
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Taming overconfident CEOs through stricter financial regulation
Kassner, Bernhard - 2023
paper shows that financial regulation can be effective at mitigating this type of risk. Exploiting regulatory changes … financial institutions subject to stricter regulation. Following the easing of these regulations, overconfidence-induced risk …-taking increases again. These findings confirm the effectiveness of financial regulation at correcting overconfident behavior, but also …
Persistent link: https://www.econbiz.de/10014477386
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Macro to the rescue? : an analysis of macroprudential instruments to regulate housing credit
Falter, Alexander - 2019
This paper builds a macro model with a financial sector and a housing market to understand the transmission and effects of macroprudential instruments addressing mortgage credit. The model compares the introduction of a loan-to-value ratio (LTV), a countercyclical capital buffer (CCyB)-style...
Persistent link: https://www.econbiz.de/10012034723
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How central is central counterparty clearing? : a deep dive into a European repo market during the crisis
Ebner, André; Fecht, Falko; Schulz, Alexander - 2016
Repo markets offering central counterparty (CCP) clearing and anonymized trading were remarkably resilient during the recent crises. We use the full transaction level dataset on all repo trades on Eurex Repo, including identifiers for market participants, to provide a detailed description of the...
Persistent link: https://www.econbiz.de/10011483061
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Financial liberalization and the role of the state in financial markets
Almeida, Heitor - 2015
Persistent link: https://www.econbiz.de/10011996926
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Multinational banks in regulated markets : is financial integration desirable?
Haufler, Andreas; Wooton, Ian - 2018
We set up a two-country, regional model of trade in financial services. Competitive firms in each country manufacture non-traded consumer goods in an uncertain productive environment, borrowing funds from a bank in either the home or the foreign market. Duopolistic banks can choose their levels...
Persistent link: https://www.econbiz.de/10011902728
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Out of sight, out of mind? : on the risk of sub-custodian structures
Droll, Thomas; Podlich, Natalia; Wedow, Michael - 2015
We analyse sub-custodian chains using a unique data set from a survey. Our key question is whether there is any evidence for moral hazard in the delegation of asset safe-keeping to sub-custodians. Sub-custodian chains can be relatively long and frequently reach across several countries. The risk...
Persistent link: https://www.econbiz.de/10011334614
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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
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Cross-border liquidity, relationships and monetary policy : evidence from the Euro area interbank crisis
Abbassi, Puriya; Bräuning, Falk; Fecht, Falko; … - 2014 - This version: November 2014
We analyze the impact of financial crises and monetary policy on the supply of wholesale funding liquidity, and also on the compositional supply effects through cross-border and relationship lending. For empirical identification, we draw on the proprietary bank-to-bank European interbank dataset...
Persistent link: https://www.econbiz.de/10010471858