Showing 1 - 10 of 312
information analysis, this paper outlines what signals a central bank might look for to determine if a financial crisis is …
Persistent link: https://www.econbiz.de/10012763471
bank supervision and eventually produce banking crisis. For political reasons, most countries establish a regulatory … culture that embraces three economically contradictory elements: politically directed subsidies to selected bank borrowers …
Persistent link: https://www.econbiz.de/10012772313
Even after controlling for local economic conditions, differences in state bank supervision and regulation contribute … toward explaining the large variation in state bank suspension rates across U.S. counties during the Great Depression. More … requirements had the opposite effect. States that endowed bank supervisors with the authority to liquidate banks minimized …
Persistent link: https://www.econbiz.de/10012762636
This paper sets forth a discussion framework for the information requirements of systemic financial regulation. It specifically describes a potentially large macro-micro database for the U.S. based on an extended version of the Flow of Funds. I argue that such a database would have been of...
Persistent link: https://www.econbiz.de/10013125587
All economists should be conversant with "what happened?" during the financial crisis of 2007-2009. We select and summarize 16 documents, including academic papers and reports from regulatory and international agencies. This reading list covers the key facts and mechanisms in the build-up of...
Persistent link: https://www.econbiz.de/10013112036
Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating financial institutions. Altruistic public-benefits theories treat rules as governmental instruments for increas- ing fairness and efficiency across society as a whole....
Persistent link: https://www.econbiz.de/10012774887
In this paper and the associated online database, we provide new data and measures of bank regulatory and supervisory … questions, including information on permissible bank activities, capital requirements, the powers of official supervisory … performance of banking systems. Since the underlying surveys are large and complex, we construct summary indices of key bank …
Persistent link: https://www.econbiz.de/10013087792
This paper explains that financial safety nets exist because of difficulties in enforcing contracts and shows that elements of deposit-insurance schemes differ substantially across countries. It argues that differences in the design of financial safety nets correlate significantly with...
Persistent link: https://www.econbiz.de/10012787749
This paper uses our new database on bank regulation and supervision in 107 countries to assess the relationship between …) regulatory restrictions on bank activities and the mixing of banking and commerce; (ii) regulations on domestic and foreign bank … supervision and regulation of bank activities. The findings instead suggest that policies that rely on guidelines that (1) force …
Persistent link: https://www.econbiz.de/10012762904
exposures. In a bailout-augmented asset pricing model with rare disasters, country characteristics that inform the likelihood of … a bailout should predict stock returns. We find greater financial pricing anomalies for the largest banks in developed … pricing discrepancy widens in anticipation of large stock market and GDP declines, as the bailout-augmented asset pricing …
Persistent link: https://www.econbiz.de/10012988503