Showing 1 - 10 of 1,811
This paper develops a model where large financial intermediaries subject to systemic runs internalize the effect of their leverage on aggregate risk, returns and asset prices. Near the steady-state, they restrict leverage to avoid the risk of a run which gives rise to an accelerator effect. For...
Persistent link: https://www.econbiz.de/10012604798
This paper studies episodes in which aggregate bank credit contracts alongside expanding economic activity …
Persistent link: https://www.econbiz.de/10012604801
Developing economies can strengthen their financial systems by implementing the main elements of global regulatory reform. But to build an effective prudential framework, they may need to adapt international standards taking into account the sophistication and size of their financial...
Persistent link: https://www.econbiz.de/10012102040
bond returns are high. At the bank level, bondholdings correlate negatively with subsequent lending during sovereign …
Persistent link: https://www.econbiz.de/10014411356
for competition in 38 countries during 1980-2003, we present evidence that more competitive banking systems are less prone …
Persistent link: https://www.econbiz.de/10014402240
We examine how bank competition in the run-up to the 2007-2009 crisis affects banks' systemic risk during the crisis …. We then investigate whether this effect is influenced by two key bank characteristics: securitization and bank capital …. Using a sample of the largest listed banks from 15 countries, we find that greater market power at the bank level and higher …
Persistent link: https://www.econbiz.de/10012102090
The paper analyzes the relationship between bank competition and stability, with a specific focus on the Middle East … and North Africa. Price competition has a positive effect on bank liquidity, as it induces self-discipline incentives on … banks for the choice of bank funding sources and for the holding of liquid assets. On the other hand, price competition may …
Persistent link: https://www.econbiz.de/10011373997
intervention and careful management at both the strategic and individual bank levels. This paper highlights the range of …
Persistent link: https://www.econbiz.de/10014400966
additionally reducing the available bank credit to firms through a ""deposit run"". Empirical results from a VAR model broadly …
Persistent link: https://www.econbiz.de/10014401400
conditions, and the regulatory environment. We use this model to simulate bank credit losses for stress-testing purposes and to … that can be made to capture country-specific institutional features. The model uses bank portfolio data broken down by risk …
Persistent link: https://www.econbiz.de/10012301885