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This paper is the basis for the Guest Columnist article in the Tuesday, November 11, 2008 issue of the Kansas City Star newspaper's Business Weekly. Because of space limitations, the published newspaper column had to be shortened from the original and unfortunately did not include either of the...
Persistent link: https://www.econbiz.de/10005622040
Unquestionably the behavior of the financial institutes caused the US financial crisis which became a worldwide phenomenon. It is too easy but not enough to blame greedy banker (though not superfluous). The subprime crisis was the consequence of the profit-seeking activity of the different...
Persistent link: https://www.econbiz.de/10011259700
Despite Basel III’s efforts to address capital and liquidity requirements, will the risks linked to regulatory … arbitrage increase as a result of Basel III’s more stringent capital and liquidity rules? As well as Basel III reforms which are …
Persistent link: https://www.econbiz.de/10009132742
In response to the recent Financial Crisis - after it had been widely accepted that “a serious disturbance in the economy of Member States” had occurred, and that several measures were required to remedy this disturbance, various Commission communications were adopted. The Communications...
Persistent link: https://www.econbiz.de/10009294582
The ongoing sovereign debt crisis in Europe and U.S. is challenging the conventional wisdom and is creating fears of a … double dip recession in 2012. Massive levels of debt and consumption beyond means and speedy financial innovation with lax … as was required. With business cycle fluctuations, mounting consumer and fiscal debt is unsustainable and one lesson of …
Persistent link: https://www.econbiz.de/10011112745
external debt crises is a very tortuous process that sometimes takes a century or more. For banking crises, we simply do not …
Persistent link: https://www.econbiz.de/10008534540
Repo is used in India as an instrument for monetary policy by institutionalizing daily Liquidity Adjustment Facility … (LAF) which allows banks and Primary Dealers to manage their liquidity needs. Liquidity stress in the market has an impact …-bank uncollateralized call market and the call rates are prone to liquidity shocks in the system. The spread between Call and Repo rates is …
Persistent link: https://www.econbiz.de/10011260388
In October 2010, having drawn crucial lessons fom the Financial Crisis which was triggered in 2007, and whose impact was still evident at the time, the Financial Stability Board Recommendations on systemically important financial institutions „called for an assessment, on the basis of the BCBS...
Persistent link: https://www.econbiz.de/10009323446
This paper considers developments which have necessitated greater involvement and a greater role for the central bank in financial regulation and supervision. The aftermath of the 2007/08 financial crisis has witnessed the enactment of legislation such as the Banking Act of 2009 which has not...
Persistent link: https://www.econbiz.de/10009323454
point when other measures such as winding down measures and the provision of other forms of liquidity assistance could be …
Persistent link: https://www.econbiz.de/10008550562