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The present paper reviews the causes that led to the financial crisis. Unlike other interpretations, this paper does not place main significance on a single source or on a set of causes. I consider all major standpoints highlighted by research and media prior, during and after the financial...
Persistent link: https://www.econbiz.de/10009294924
A financial network model, where the coded identity of the counterparties of every trade is known, is applied to both stable and crisis periods in a large and liquid overnight repo market in an emerging market economy. We have analyzed the financial crisis by using various network investigation...
Persistent link: https://www.econbiz.de/10008694011
distinct strategies have affected bank profitability and risk before the crisis, and what impact they have put on the mortgage … crisis. Our results prove that the asset structure of banks was responsible for the systemic risk before the mortgage crisis …
Persistent link: https://www.econbiz.de/10011272695
direction of policy suggest that the role of the Federal Reserve (Fed) in financial regulation will become central, at least in … to systemic risk. It also addresses recent changes in the notion of systemic risk and systemically significant firms in … concluding that there is a remaining case for a new regulator of such risk. Section II reviews the financial problems of AIG and …
Persistent link: https://www.econbiz.de/10005787155
Distinguishing between risk and uncertainty, this paper draws on the psychological literature on heuristics to consider …
Persistent link: https://www.econbiz.de/10011108668
On November 12, 1999, President Clinton signed the most significant piece of financial services regulation to be … regarding financial services regulation, the GLBA became a target as members of the financial sector, academia and government …
Persistent link: https://www.econbiz.de/10008615042
The broad objectives of the present study are to examine the impact of the global financial crisis as it folded during 2008 and 2009 on four major South Asian economies i.e., Pakistan, India, Bangladesh and Sri Lanka; identify policy actions taken to mitigate the adverse impacts of the crisis;...
Persistent link: https://www.econbiz.de/10011107544
Even though the Congress and the Administration are responsible for determining fiscal policy measures, these measures impact the Fed Reserve's monetary policy decisons. The indirect effect of fiscal policy on the conduct of monetary policy through its influence on the overall economy and the...
Persistent link: https://www.econbiz.de/10011261038
Rescue cases involving guarantees (contrasted with restructuring cases) during the recent Financial Crisis, have illustrated the prominent position which the goal of promoting financial stability has assumed over that of the prevention or limitation of possible distortions of competition which...
Persistent link: https://www.econbiz.de/10008693548
This paper develops a methodology to identify systemically important financial institutions building on that developed by the BCBS (2011) and used by the Financial Stability Board in its yearly G-SIFIs identification. This methodology is based on publicly available data, providing fully...
Persistent link: https://www.econbiz.de/10011113924