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In this study, using the World Bank’s Bank Regulation and Supervision Survey (BRSS) data, we draw insights about the … bank regulatory/supervisory styles, illustrate the differences in regulation/supervision among crisis, non-crisis and BRICS … countries, and highlight the ways in which bank regulation and supervision has changed during the crisis period. The study …
Persistent link: https://www.econbiz.de/10011113271
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
The capital structure of firms that face restrictions on liquidity (i.e. that cannot hedge continuously) is affected by the agency costs and moral-hazard implicit in the contracts they establish with stockholders and customers. It is demonstrated in this paper that then an optimal level of...
Persistent link: https://www.econbiz.de/10013159445
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
preparation of a new regulatory frame for a sounder global financial system; in particular the BCBS (Basel Committee on Banking … Supervision) at BIS (Bank of International Settlements) and the FSB(Financial Stability Board) have reached agreements or will …
Persistent link: https://www.econbiz.de/10009397158
We study the optimal regulation of a cooperative credit society which has private information on the intrinsic quality … supervisor’s signal, the likelihood of facing a high quality credit cooperative, and the cost of supervision. …
Persistent link: https://www.econbiz.de/10011259760
delegation of supervisory responsibilities in the UK, namely the transfer of bank supervision from the Financial Services …
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
Central banks’ economic and political importance has grown in advanced economies since the start of the Great Financial Crisis in 2007. An unwillingness or inability of governments to use countercyclical fiscal policy has made monetary policy the only stabilization tool in town. However, much...
Persistent link: https://www.econbiz.de/10011114270
between macro economic policy and the regulation of individual financial institutions. This however, on its own, is …
Persistent link: https://www.econbiz.de/10011257824