Narrow search
Showing 1 - 10 of 423
Cover Image
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
Cover Image
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
ESM with the hosting of the ESRB in the medium term. The novel proposal aims at strengthening the macro-prudential …
Persistent link: https://www.econbiz.de/10011895915
Cover Image
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
Cover Image
Welfare effects of TTIP in a DSGE model
Engler, Philipp; Tervala, Juha - 2016
Several studies have analyzed the trade and output effects of the Transatlantic Trade and Investment Partnership (TTIP) between the United States and the European Union, but our paper is the first attempt to study its welfare effects. We measure the welfare effect of TTIP as the percentage of...
Persistent link: https://www.econbiz.de/10011527321
Cover Image
Labor productivity, effort and the euro area business cycle
Lewis, Vivien; Villa, Stefania; Wolters, Maik H. - 2019
The Euro Area is characterized by little variation in unemployment and strongly procyclical labor productivity. We capture both characteristics in a New Keynesian business cycle model with labor search frictions, where labor can vary along three margins: employment, hours, and effort. We...
Persistent link: https://www.econbiz.de/10012134398
Cover Image
Cross-border prudential policy spillovers : how much? how important? : evidence from the international banking research network
Buch, Claudia M.; Goldberg, Linda S. - 2017
The development of macroprudential policy tools has been one of the most significant changes in banking regulation in … countries implemented country-specific macroprudential policies. …
Persistent link: https://www.econbiz.de/10011595267
Cover Image
The credit quality channel : modeling contagion in the interbank market
Fink, Kilian; Krüger, Ulrich; Meller, Barbara; Wong, … - 2015
We propose an algorithm to model contagion in the interbank market via what we term the credit quality channel. In existing models on contagion via interbank credit, external shocks to banks often spread to other banks only in case of a default. In contrast, shocks are transmitted via asset...
Persistent link: https://www.econbiz.de/10011381702
Cover Image
Monetary and macroprudential policy in an estimated DSGE model of the euro area
Quint, Dominic; Rabanal, Pau - 2014
In this paper, we study the optimal mix of monetary and macroprudential policies in an estimated two-country model of … the euro area. The model includes real, nominal and financial frictions, and hence both monetary and macroprudential … policy can play a role. We find that the introduction of a macroprudential rule would help in reducing macroeconomic …
Persistent link: https://www.econbiz.de/10010258716
Cover Image
Macroprudential policy and the sovereign-bank nexus in the euro area
Hristov, Nikolay; Hülsewig, Oliver; Kolb, Benedikt - 2021
We explore how changes in capital-based macroprudential regulation affect theexposure of national banking sectors to … ameasure of macroprudential policy based on theMacroprudential Policy EvaluationDatabaseand estimate responses to … finding suggests that an unsystematic capital-based macro-prudential policy tightening increases banks’ exposure to domestic …
Persistent link: https://www.econbiz.de/10012623677
Cover Image
Macroprudential capital regulation and fiscal balances in the euro area
Hristov, Nikolay; Hülsewig, Oliver; Kolb, Benedikt - 2024
We examine the fiscal footprint of macroprudential policy in euro area countries arising through the bond market … in macroprudential capital regulation. Our findings suggest a dichotomy between country groups. In peripheral countries …, the cyclically adjusted primary balance ratio deteriorates after a restrictive capital-based macroprudential policy shock …
Persistent link: https://www.econbiz.de/10014481139