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by the People’s Bank of China is increasingly used as a financial rescue mechanism, with more than USD 170 billion in … together, China’s overseas bailouts correspond to more than 20 percent of total IMF lending over the past decade and bailout …
Persistent link: https://www.econbiz.de/10014247738
The paper discusses the pros and cons of capital account liberalization. Rather than contrasting liberalization and regulation of capital flows as irreconcilable antagonisms, we argue that capital account liberalization requires institutional and regulatory safeguards. Even though the...
Persistent link: https://www.econbiz.de/10011490391
Wirken dieser Maßnahmen ist ein angemessene Bankenregulierung, damit systemische Banken nicht länger damit drohen können …
Persistent link: https://www.econbiz.de/10008908320
Persistent link: https://www.econbiz.de/10002343876
This paper puts forward a novel approach to the analysis of direct contagion in financial networks. Financial systems are here represented as flow networks -i.e., directed and weighted graphs endowed with source nodes and sink nodes – and the propagation of losses and defaults, originated by...
Persistent link: https://www.econbiz.de/10009778478
runs, and the interplay between monetary policy and Basel-like capital ratios. In equilibrium, bank leverage depends … positively on the uncertainty of projects and on the bank’s "relationship lender" skills, and negatively on short term interest … ; bank runs ; combination policy ; market liquidity …
Persistent link: https://www.econbiz.de/10003929248
This paper proposes a stochastic model of a bipartite credit network between banks and the non-bank corporate sector … that encapsulates basic stylized facts fond in comprehensive data sets for bank-firm loans for a number of countries. When …
Persistent link: https://www.econbiz.de/10010394343
Die Forderungen von Globalisierungskritikern nach einem radikalen Umbau der internationalen Finanzmarktordnung sind von den wirtschaftspolitischen Entscheidungsträgern aus guten Gründen abgelehnt worden. Vorzuwerfen ist den Entscheidungsträgern allerdings, dass auch ökonomisch sinnvolle...
Persistent link: https://www.econbiz.de/10011491119
Financial crises can have a severe impact on the real side of the economy with countries losing up to 20 percent of GDP. The paper studies rules that prevent financial instability and currency crises. These include institutional arrangements for a solid banking system, prudent regulations and...
Persistent link: https://www.econbiz.de/10003628654
We investigate whether recoveries following normal recessions differ from recoveries following recessions that are associated with either banking crises or housing crises. Using a parametric panel framework that allows for a bounce-back in the level of output during the recovery, we find that...
Persistent link: https://www.econbiz.de/10010472544