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Adrian, Tobias - 2013

While the Dodd-Frank Act (DFA) broadens the regulatory reach to reduce systemic risks to the U.S. financial system, it does not address some important risks that could migrate to or emanate from entities outside the federal safety net. At the same time, it limits the types of interventions by...

Persistent link: https://www.econbiz.de/10013085939

Supervisory Stress Tests

Hirtle, Beverly - 2014

supervisory regime; that is, their formal integration into the process of the ongoing prudential supervision of banks and other …

Persistent link: https://www.econbiz.de/10013044327

Bailouts and Financial Fragility

Keister, Todd - 2012

Should policy makers be prevented from bailing out investors in the event of a crisis? I study this question in a model of financial intermediation with limited commitment. When a crisis occurs, the efficient policy response is to use public resources to augment the private consumption of those...

Persistent link: https://www.econbiz.de/10013115675

The Shadow Banking System : Implications for Financial Regulation

Adrian, Tobias - 2010

The current financial crisis has highlighted the growing importance of the 'shadow banking system,' which grew out of the securitization of assets and the integration of banking with capital market developments. This trend has been most pronounced in the United States, but it has had a profound...

Persistent link: https://www.econbiz.de/10013151926

Expectations versus Fundamentals : Does the Cause of Banking Panics Matter for Prudential Policy?

Keister, Todd - 2011

There is a longstanding debate about whether banking panics and other financial crises always have fundamental causes or are sometimes the result of self-fulfilling beliefs. Disagreement on this point would seem to present a serious obstacle to designing policies that promote financial...

Persistent link: https://www.econbiz.de/10013119802

Supervising Large, Complex Financial Institutions : What Do Supervisors Do?

Eisenbach, Thomas M. - 2015

The Federal Reserve is responsible for the prudential supervision of bank holding companies (BHCs) on a consolidated … basis. Prudential supervision involves monitoring and oversight to assess whether these firms are engaged in unsafe or … supervision is interlinked with, but distinct from, regulation, which involves the development and promulgation of the rules under …

Persistent link: https://www.econbiz.de/10013021984

Robust Capital Regulation

Acharya, Viral V. - 2011

Banks' leverage choices represent a delicate balancing act. Credit discipline argues for more leverage, while balance-sheet opacity and ease of asset substitution argue for less. Meanwhile, regulatory safety nets promote ex post financial stability, but also create perverse incentives for banks...

Persistent link: https://www.econbiz.de/10013126071

The Effect of Bank Monitoring on Loan Repayment

Branzoli, Nicola; Fringuellotti, Fulvia - 2022

Monitoring is one of the main activities explaining the existence of banks, yet empirical evidence about its effect on loan outcomes is scant. Using granular loan-level information from the Italian Credit Register, we build a novel measure of bank monitoring based on banks’ requests for...

Persistent link: https://www.econbiz.de/10013309151

Optimal Policy for Macro-Financial Stability

Benigno, Gianluca - 2019

There is a new and now large literature analyzing government policies for financial stability based on models with endogenous borrowing constraints. These normative analyses build upon the concept of constrained efficient allocation, where the social planner is constrained by the same borrowing...

Persistent link: https://www.econbiz.de/10012860932