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Bayoumi, Tamim - 2008

a negative shock to banks' capital/assetratio on lending standards, which in turn affect consumer credit, mortgages, and … investment). In addition, our empirical model allows for feedback from spending and income to bank capital adequacy and credit …. Hence, we trace the full credit cycle. An exogenous fall in the bank capital/asset ratio by one percentage poin …

Persistent link: https://www.econbiz.de/10012677610

The Crisis; Basic Mechanisms and Appropriate Policies

Blanchard, Olivier J. - International Monetary Fund (IMF) - 2009

The purpose of this lecture is to look beyond the complex events that characterize the global financial and economic crisis, identify the basic mechanisms, and infer the policies needed to resolve the current crisis, as well as the policies needed to reduce the probability of similar events in...

Persistent link: https://www.econbiz.de/10004999966

Accounting Discretion of Banks During a Financial Crisis

Laeven, Luc - 2009

This paper shows that banks use accounting discretion to overstate the value of distressed assets. Banks' balance sheets overvalue real estate-related assets compared to the market value of these assets, especially during the U.S. mortgage crisis. Share prices of banks with large exposure to...

Persistent link: https://www.econbiz.de/10012677876

Leverage? : what leverage? ; a deep dive into the U.S. flow of funds in search of clues to the global crisis

Bhatia, Ashok Vir; Bayoumi, Tamim A. - 2012

This paper questions the view that leverage should have forewarned us of the global financial crisis of 2007-09, pointing to several gearing indicators that were neither useful portents of the onset of the crisis nor of its ferocity. Instead it shows, first, that the use of ill-suited collateral...

Persistent link: https://www.econbiz.de/10009618519

Money and collateral

Kumar, Manmohan S.; Stella, Peter - 2012

Between 1980 and before the recent crisis, the ratio of financial market debt to liquid assets rose exponentially in the U.S. (and in other financial markets), reflecting in part the greater use of securitized assets to collateralize borrowing. The subsequent crisis has reduced the pool of...

Persistent link: https://www.econbiz.de/10009614541

An Investigation of Some Macro-Financial Linkages of Securitization

Long, Xin - 2009

Policy-makers have attributed the scale of the credit crisis and its profound impact on money markets (as well as … financial sector stability) to the fast rise of securitization and the way it has arguably complicated both the conduct of … innovation, specifically through securitization, has altered the nature of some macro-financial linkages, often with considerable …

Persistent link: https://www.econbiz.de/10012677712

Possible Unintended Consequences of Basel III and Solvency II

International Monetary Fund (IMF); International … - 2011

In today's financial system, complex financial institutions are connected through an opaque network of financial exposures. These connections contribute to financial deepening and greater savings allocation efficiency, but are also unstable channels of contagion. Basel III and Solvency II should...

Persistent link: https://www.econbiz.de/10009203537

Impact of the Global Crisison Banking Sector Soundness in Asian Low-Income Countries

International Monetary Fund (IMF); International … - 2011

The paper takes stock of the impact of the global financial crisis that began in late 2007 on banking sectors of Asian low-income countries, by exploring bank-level data provided by Bankscope. The paper examines three key channels of possible crisis spillovers: exposures to (i) valuation changes...

Persistent link: https://www.econbiz.de/10009147328

Australian Bank and Corporate Sector Vulnerabilities; An International Perspective

Takáts, Elöd; Tumbarello, Patrizia - International Monetary Fund (IMF) - 2009

. It also compares Australian banks with their international peers. Finally, it investigates banks' exposure to credit risk …

Persistent link: https://www.econbiz.de/10008559282

An Anatomy of Credit Booms

Terrones, Marco - 2008

We study the characteristics of credit booms in emerging and industrial economies. Macro data show a systematic … relationship between credit booms and economic expansions, rising asset prices, real appreciations and widening external deficits …. Micro data show a strong association between credit booms and leverage ratios, firm values, and banking fragility. We also …

Persistent link: https://www.econbiz.de/10012677365

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