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Economics and politics of alternative institutional reforms
Caselli, Francesco (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003410731
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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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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
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Capital flows and asset prices
Aoki, Kosuke (contributor); Benigno, Gianluca (contributor);  … - 2009
After liberalizing international transactions of financial assets, many countries experience large swings in asset prices, capital flows, and aggregate production. This paper studies how the adjustment to capital account liberalization depends upon the degree of development of a domestic...
Persistent link: https://www.econbiz.de/10003868102
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Adjusting to capital account liberalization
Aoki, Kosuke; Benigno, Gianluca; Kiyotaki, Nobuhiro - 2010
Persistent link: https://www.econbiz.de/10008666885
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Opposition to capital market opening
Engler, Philipp; Wulff, Alexander - 2011
We employ a neoclassical growth model to assess the impact of financial liberalization in a developing country on capital owners` and workers` consumption and welfare. We find in a baseline calibration for an average non-OECD country that capitalists suffer a 42 percent reduction in permanent...
Persistent link: https://www.econbiz.de/10009302997
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Monetary policy and the current account : theory and evidence
Hjortsoe, Ida; Weale, Martin; Wieladek, Tomasz - 2016
monetary policy shock depends on the degree of economic regulation in different markets. In particular, financial (product … allowed to vary as a function of the degree of financial, product and labour market regulation on data from 1976 Q1-2006 Q4 … for 19 OECD countries. Our empirical results support the theory. We therefore conclude that following a monetary policy …
Persistent link: https://www.econbiz.de/10011436615
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Generalized linear competition: from pass-through to policy
Genakos, Christos; Grey, Felix; Ritz, Robert A. - 2020
Persistent link: https://www.econbiz.de/10012486532
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Politically induced regulatory risk and independent regulatory agencies
Strausz, Roland - 2017
Uncertainty in election outcomes generates politically induced regulatory risk. For monopoly regulation, political …
Persistent link: https://www.econbiz.de/10011705495