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) little susceptibility to manipulation; (iv) timeliness; (v) scalable from the individual bank to the system. We show how this …
Persistent link: https://www.econbiz.de/10013002156
frameworks and better bank regulation, but less so for flows to non-financial firms …This paper provides a definition of global liquidity consistent with its meaning as the “ease of financing” in … global factors driving cross-border bank flows, alongside country-specific factors. It confirms the explanatory power of US …
Persistent link: https://www.econbiz.de/10013053045
We explore empirically how the time-varying allocation of credit across firms with heterogeneous credit quality matters for financial stability outcomes. Using firm-level data for 55 countries over 1991-2016, we show that the riskiness of credit allocation, captured by Greenwood and Hanson...
Persistent link: https://www.econbiz.de/10012859862
Foreign bank lending has stopped growing since the global financial crisis. Changes in banks' business models, balance … literature however suggests an opposite effect related to regulation, with tighter regulations encouraging foreign lending …
Persistent link: https://www.econbiz.de/10012977751
system of capital regulation that addresses these needs by making changes to all three pillars of bank regulation: only …Despite revisions to bank capital standards, fundamental shortcomings remain: the rules for setting capital … common equity should be recognized as capital for regulatory purposes, and risk weighting of assets should be abandoned …
Persistent link: https://www.econbiz.de/10013045939
In this paper, we discuss whether and how bank lobbying can lead to regulatory capture and have real consequences … through an overview of the motivations behind bank lobbying and of recent empirical evidence on the subject. Overall, the …
Persistent link: https://www.econbiz.de/10013250099
We formulate the “High Liquidity Creation Hypothesis” (HLCH) that a proliferation in the core activity of bank … creation measures as a comprehensive proxy for overall bank output, we find that high liquidity creation significantly … liquidity creation increases failure probability. We test the HLCH in the context of Russian banking, which provides a natural …
Persistent link: https://www.econbiz.de/10013021779
A mechanism is proposed that aims to reduce the risk of a banking sector liquidity crisis — which is a quintessentially …
Persistent link: https://www.econbiz.de/10013028670
brokerage funding-impacts the risk premia (or moneyness) along the yield curve. In this paper, we deploy a methodology to show … central bank balance sheets will likely strengthen the monetary policy transmission, as dealer balance-sheet space is now …
Persistent link: https://www.econbiz.de/10012868472
This paper examines the impact of the new financial services law in Bolivia-including credit quotas and interest rate caps-on financial stability and inclusion. So far, credit to 'targeted' sectors is growing as intended by the law but the increase in the average loan size of microfinance...
Persistent link: https://www.econbiz.de/10012998769