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Anbil, Sriya; Vossmeyer, Angela - 2017

banking sector. The facilities need to be designed in such a way that banks are not reluctant to seek assistance due to stigma … and that banks with liquidity concerns are attracted rather than those prone to risk-taking and moral hazard incentives … evaluate whether banks used LOLR assistance to improve their liquidity needs using a novel trivariate model with recursive …

Persistent link: https://www.econbiz.de/10014352381

Are Basel's Capital Surcharges for Global Systemically Important Banks Too Small?

Passmore, S. Wayne; von Hafften, Alexander - 2017

element of the Basel III capital standards is a system of capital surcharges for global systemically important banks (G … short-term funding, and (3) the Basel system excludes too many banks from current surcharges. Our best estimate suggests …

Persistent link: https://www.econbiz.de/10014122662

Over-the-Counter Market Liquidity and Securities Lending

Foley-Fisher, Nathan; Gissler, Stefan; Verani, Stéphane - 2018

This paper studies how over-the-counter market liquidity is affected by securities lending. We combine micro-data on corporate bond market trades with securities lending transactions and individual corporate bond holdings by U.S. insurance companies. Applying a difference-in-differences...

Persistent link: https://www.econbiz.de/10012017522

Loan Sales and Bank Liquidity Risk Management : Evidence from a U.S. Credit Register

Irani, Rustom M. - 2015

We examine the impact of banks' liquidity risk management on secondary loan sales. We track the dynamics of bank loan … control for loan demand using a loan-year fixed effects approach. We find that banks with greater reliance on wholesale …

Persistent link: https://www.econbiz.de/10013028630

Dealers' insurance, market structure, and liquidity

Carapella, Francesca; Monnet, Cyril - 2017

We develop a parsimonious model to study the equilibrium structure of financial markets and its efficiency properties. We find that regulations aimed at improving market outcomes can cause inefficiencies. The welfare benefit of such regulation stems from endogenously improving market access for...

Persistent link: https://www.econbiz.de/10011803686

Out of Sight No More? The Effect of Fee Disclosures on 401(K) Investment Allocations

Kronlund, Mathias; Pool, Veronika Krepely; Sialm, Clemens; … - 2020

We examine the effects of a 2012 regulatory reform that mandated fee and performance disclosures for the investment options in 401(k) plans. We show that participants became significantly more attentive to expense ratios and short-term performance after the reform. The disclosure effects are...

Persistent link: https://www.econbiz.de/10014048752

Primer on the Forward-Looking Analysis of Risk Events (Flare) Model : A Top-Down Stress Test Model

Correia, Sergio; Kiernan, Kevin F.; Seay, Matthew P.; … - 2021

This technical note describes the Forward-Looking Analysis of Risk Events (FLARE) model, which is a top-down model that helps assess how well the banking system is positioned to weather exogenous macroeconomic shocks. FLARE estimates banking system capital under varying macroeconomic scenarios,...

Persistent link: https://www.econbiz.de/10014351817

Does Access to Bank Accounts as a Minor Improve Financial Capability? Evidence from Minor Bank Account Laws

Collins, J. Michael; Larrimore, Jeff; Urban, Carly - 2021

Banking the unbanked is a common policy goal, but should this include access to bank accounts for minors? This study estimates how teenagers' access to bank accounts affects their financial development. Using variation in state laws, we show policies that permit access to independently-owned...

Persistent link: https://www.econbiz.de/10013313125

The Volcker Rule and market-making in times of stress

Bao, Jack; O'Hara, Maureen; Zhou, Alex - 2016

Focusing on downgrades as stress events that drive the selling of corporate bonds, we document that the illiquidity of stressed bonds has increased after the Volcker Rule. Dealers regulated by the Rule have decreased their market-making activities while non-Volcker-affected dealers have stepped...

Persistent link: https://www.econbiz.de/10011579150

The Credit Card Act and consumer finance company lending

Elliehausen, Gregory E.; Hannon, Simona M. - 2017

The Credit Card Accountability and Disclosure Act (CARD Act) of 2009 restricted several risk management practices of credit card issuers. Using a quasi-experimental design with credit bureau data on consumer lending, we find evidence consistent with the hypothesis that the act's restrictions on...

Persistent link: https://www.econbiz.de/10011710086