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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

Financial repression in general equilibrium : the case of the United States, 1948-1974

Kliem, Martin; Kriwoluzky, Alexander; Müller, Gernot J.; … - 2024

Financial repression lowers the return on government debt and contributes, all else equal, towards its liquidation. However, its full effect on the debt-to-GDP ratio hinges on how repression impacts the economy at large because it alters investment and saving decisions. We develop and estimate a...

Persistent link: https://www.econbiz.de/10014559288

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

Trustworthiness of firm valuations : bias and market perception in compliance with capital market regulations

El-Al, Eli; Galil, Koresh; Gavious, Ilanit - 2023

Persistent link: https://www.econbiz.de/10014486176

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

Mitigating counterparty risk

Gündüz, Yalın - 2018

This paper provides initial evidence on counterparty risk-mitigation activities of financial institutions on the basis of Depository Trust and Clearing Corporation's (DTCC) proprietary bilateral credit default swap transactions and positions. We show that financial institutions that are active...

Persistent link: https://www.econbiz.de/10011900709

M-PRESS-CreditRisk : a holistic micro- and macroprudential approach to capital requirements

Tente, Natalia; Westernhagen, Natalja von; Slopek, Ulf … - 2017

M-PRESS-CreditRisk is a new top-down macro stress testing framework that can help supervisors gauge banks' capital adequacy related to credit risk. For the first time, it combines calibration of microprudential capital requirements and macroprudential buffers in a unified, coherent framework....

Persistent link: https://www.econbiz.de/10011663208

The role of structural funding for stability in the German banking sector

Schupp, Fabian; Silbermann, Leonid - 2017

banks in the time period between 1995 and 2013, before the Basel III liquidity regulation to address excessive maturity …

Persistent link: https://www.econbiz.de/10011608695

Economics and politics of alternative institutional reforms

Caselli, Francesco (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003410731

Financial integration and the co-movement of economic activity : evidence from U.S. states

Götz, Martin; Gozzi, Juan Carlos - 2021

We analyze the effect of the geographic expansion of banks across U.S. states on the co-movement of economic activity between states. Exploiting the removal of interstate banking restrictions to construct time-varying instrumental variables at the state-pair level, we find that bilateral banking...

Persistent link: https://www.econbiz.de/10012651086