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Macroprudential policy and the revolving door of risk : lessons from leveraged lending guidance
Kim, Sooji; Plosser, Matthew C.; Santos, João A. C. - 2017
more lax lending policies than banks, we unveil important evidence that nonbanks increased bank borrowing following the …
Persistent link: https://www.econbiz.de/10011657569
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Credit risk transfer and de facto GSE reform
Finkelstein, David L.; Strzodka, Andreas; Vickery, James - 2018
We summarize and evaluate Fannie Mae and Freddie Mac's credit risk transfer (CRT) programs, which have been used since 2013 to shift a portion of credit risk on more than $1.8 trillion of mortgages to private sector investors. We argue that the CRT programs have been successful in reducing the...
Persistent link: https://www.econbiz.de/10011806244
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Bank recapitalizations and lending : a little is not enough
Homar, Timotej - 2016
This paper analyzes the effect of bank recapitalizations on lending, funding and asset quality of European banks …
Persistent link: https://www.econbiz.de/10011975004
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(Pro?)-cyclicality of collateral haircuts and systemic illiquidity
Glaser, Florian; Panz, Sven - 2016
Procyclicality of collateral haircuts and margins has become a widely proclaimed behavior and is currently discussed not only by academic literature but also by regulatory authorities in Europe. Procyclicality of haircuts is assumed to be a trigger of liquidity spirals due to its tightening...
Persistent link: https://www.econbiz.de/10011975294
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Regulating the doom loop
Alogoskoufis, Spyros; Langfield, Sam - 2018
Euro area governments have committed to break the doom loop between bank risk and sovereign risk. But policymakers have …
Persistent link: https://www.econbiz.de/10011978559
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Why are banks not recapitalized during crises?
Crosignani, Matteo - 2017
, in the context of the eurozone periphery, the increase in domestic government bond holdings, the reduction of bank credit …
Persistent link: https://www.econbiz.de/10011978342
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Interbank credit exposures and financial stability
Schneorson, Oren - 2022
connectivity may destabilize the financial system via the bank-run channel. This is because it decreases the risk-sharing benefits … of interbank connectivity. A bank-run model features two islands that are connected via a long term debt claim. Varying … the size of this claim (interbank connectivity), I study how the decision to 'run on the bank' is affected. I run a …
Persistent link: https://www.econbiz.de/10013350529
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Electoral cycles in macroprudential regulation
Müller, Karsten - 2019
Do politics matter for macroprudential policy? I show that changes to macroprudential regulation exhibit a predictable electoral cycle in the run-up to 221 elections across 58 countries from 2000 through 2014. Policies restricting mortgages and consumer credit are systematically less likely to...
Persistent link: https://www.econbiz.de/10012135983
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The effect of bank monitoring on loan repayment
Branzoli, Nicola; Fringuellotti, Fulvia - 2020
bank monitoring based on banks' requests for information on their existing borrowers and we investigate the effect of bank … exogenous variation in bank monitoring. Our identification strategy is supported by a theoretical model predicting that a … decrease in the tax rate improves bank incentives to monitor borrowers by increasing returns from lending. We find that bank …
Persistent link: https://www.econbiz.de/10012224299
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Resolving a non-performing loan crisis : the ongoing case of the Irish mortgage market
McCann, Fergal - 2018
The Irish banking system has in recent years experienced a large build-up in Non-Performing Loans (NPLs) during the crisis followed by a sharp reduction in the 2013-2017 period. In this article I present a recent history of the ongoing resolution of the mortgage arrears crisis in Ireland. Using...
Persistent link: https://www.econbiz.de/10011848377