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Using sentiment surveys to predict GDP growth and stock returns
Guzman, Giselle C. - Volkswirtschaftliche Fakultät, … - 2008
This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...
Persistent link: https://www.econbiz.de/10009647399
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Deciphering financial contagion in the euro area during the crisis
Tola, Albi; Wälti, Sébastien - Volkswirtschaftliche Fakultät, … - 2012
existence of financial contagion during this crisis, defined as the international transmission of country-specific shocks beyond … the normal channels of financial interdependence. Since contagion relates purely to country-specific shocks, we combine … the standard contagion test of Favero and Giavazzi (2002) with an innovative narrative approach to separate out global and …
Persistent link: https://www.econbiz.de/10011114307
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Basel III and responding to the recent Financial Crisis: progress made by the Basel Committee in relation to the need for increased bank capital and increased quality of loss absor...
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2010
Developments since the introduction of the 1988 Basel Capital Accord have resulted in growing realisation that new forms of risks have emerged and that previously existing and managed forms require further redress. The revised Capital Accord, Basel II, evolved to a form of meta regulation – a...
Persistent link: https://www.econbiz.de/10008646772
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Sovereign and bank CDS spreads: two sides of the same coin for European bank default predictability?
Avino, Davide; Cotter, John - Volkswirtschaftliche Fakultät, … - 2013
information on the default probability of European banks than their corresponding bank CDS spreads. Price discovery measures based …
Persistent link: https://www.econbiz.de/10011110320
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Using sentiment to predict GDP growth and stock returns
Guzman, Giselle C. - Volkswirtschaftliche Fakultät, … - 2008
This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...
Persistent link: https://www.econbiz.de/10009647230
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Long-Run Risk and Hidden Growth Persistence
Pakos, Michal - Volkswirtschaftliche Fakultät, … - 2013
An extensive literature has analyzed the implications of hidden shifts in the dividend growth rate. However, corresponding research on learning about growth persistence is completely lacking. Hidden persistence is a novel way to introduce long-run risk into standard business-cycle models of...
Persistent link: https://www.econbiz.de/10011111345
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Book Review – Rethinking Housing Bubbles
Bell, Peter Newton - Volkswirtschaftliche Fakultät, … - 2014
Review of the book titled 'Rethinking Housing Bubbles The Role of Household and Bank Balance Sheets in Modeling Economic Cycles' by Steven D. Gjerstad and Vernon L. Smith. Published by Cambridge University Press in May 2014.
Persistent link: https://www.econbiz.de/10011108471
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Preparing for Basel IV: why liquidity risks still present a challenge to regulators in prudential supervision
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2010
Crisis, the paper will highlight how runs on banks are triggered by liquidity crises and that liquidity risks cannot be … recent Basel Committee's initiatives, that is, Basel III. These two regulatory tools being capital and liquidity requirements … why the Basel Committee's liquidity requirements and present proposals aimed at addressing liquidity risks, still …
Persistent link: https://www.econbiz.de/10008777385
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A tale of three countries, dispersed ownership and greater risk taking levels by management: risk monitoring tools in bank regulation and supervision – developments since the colla...
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2011
This paper is aimed at explaining why higher concentrations of the ownership of large firms do not necessarily and automatically facilitate lower risk taking levels – where there is scope for the abuse of powers. As well as illustrating why effective corporate governance systems are essential...
Persistent link: https://www.econbiz.de/10008805896
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How do financial crises affect commercial bank liquidity? Evidence from Latin America and the Caribbean
Moore, Winston - Volkswirtschaftliche Fakultät, … - 2009
commercial bank liquidity. Banking systems, which are relatively liquid, are better able to deal with the large deposit … withdrawals that tend to accompany bank runs. This study provides an assessment of the main determinants of bank liquidity as well … as an evaluation of the impact of banking crises on liquidity. The results show that on average, bank liquidity is about …
Persistent link: https://www.econbiz.de/10008529280