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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

Financial stability committees and the countercyclical capital buffer

Edge, Rochelle M.; Liang, Jean Nellie - 2020

Multi-agency financial stability committees (FSCs) have grown dramatically since the global financial crisis. However, most cannot direct actions or recommend to other agencies that they take actions, and most would influence policy actions only through convening and discussing risks. We...

Persistent link: https://www.econbiz.de/10012170614

Closing ranks between prevention and management of systemic crises : a proposal to couple the ESRB with the ESM

Thomasius, Sebastian - 2018 - This version: 28 August 2018

On the occasion of related proposals by the European Commission and the Eurogroup, this paper proposes to entrust the ESM with the hosting of the ESRB in the medium term. The novel proposal aims at strengthening the macro-prudential expertise of the ESM and at enhancing the independence of the...

Persistent link: https://www.econbiz.de/10011895915

Macroprudential capital regulation and fiscal balances in the euro area

Hristov, Nikolay; Hülsewig, Oliver; Kolb, Benedikt - 2024

in macroprudential capital regulation. Our findings suggest a dichotomy between country groups. In peripheral countries … core countries, the cyclically adjusted primary balance ratio barely reacts to a sudden tightening in capital regulation. …

Persistent link: https://www.econbiz.de/10014481139

Risky firms and fragile banks : implications for macroprudential policy

Gasparini, Tommaso; Lewis, Vivien; Moyen, Stéphane; … - 2024

Increases in firm default risk raise the default probability of banks while decreasing output and inflation in US data. To rationalize the empirical evidence, we analyse firm risk shocks in a New Keynesian model where entrepreneurs and banks engage in a loan contract and both are subject to...

Persistent link: https://www.econbiz.de/10014501102

Regulatory and bailout decisions in a banking union

Haufler, Andreas - 2021 - Revised version, May 2021

decentralized way. In our benchmark model the two countries always agree on a centralized regulation policy. In contrast, bailout …

Persistent link: https://www.econbiz.de/10013189564

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

Regulatory competition in capital standards with selection effects among banks

Haufler, Andreas; Maier, Ulf - 2017

Several countries have recently introduced national capital standards exceeding the internationally coordinated Basel III rules, which is inconsistent with the 'race to the bottom' in capital standards found in the literature. We study regulatory competition when banks are heterogeneous and give...

Persistent link: https://www.econbiz.de/10011591503

System-wide and banks' internal stress tests : regulatory requirements and literature review

Pliszka, Kamil - 2021

This paper deals with both system-wide and banks' internal stress tests. For system-wide stress tests it describes the evolution over time, compares the stress test design in major jurisdictions, and discusses academic research. System-wide stress tests have gained in importance and nowadays...

Persistent link: https://www.econbiz.de/10012534563

The domino effect and the supervision of the banking system

Paroush, Jacob - 1988

Persistent link: https://www.econbiz.de/10000783965

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