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All Things Considered: The Interaction of the Reasons for the Financial Crisis
Rioja, Abdala; E, Yamile - Volkswirtschaftliche Fakultät, … - 2011
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
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Comparing U.S. and European Market Volatility Responses to Interest Rate Policy Announcements
Krieger, Kevin; Mauck, Nathan; Vasquez, Joseph - Volkswirtschaftliche Fakultät, … - 2014
policy decisions by the Federal Open Market Committee (FOMC) and the European Central Bank (ECB). We confirm prior findings …
Persistent link: https://www.econbiz.de/10011114294
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Does Fed Funds Target Interest Rate Lead Bank of England’s Bank Rate and European Central Bank’s Key Interest Rate?
Çelik, Sadullah; Deniz, Pınar - Volkswirtschaftliche Fakultät, … - 2009
rates in other countries. In this paper, we analyze the effects of FFTR on Bank of England (BOE) bank rate and European … Central Bank (ECB) key interest rate employing-the rather new and trustworthy technique of-Bounds testing developed by Pesaran … on FFTR. This finding can be interpreted as a clear signal of how globally tight-knit the world currencies have been …
Persistent link: https://www.econbiz.de/10005836567
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Macroprudential Regulation and the Role of Monetary Policy
Tayler, William; Zilberman, Roy - Volkswirtschaftliche Fakultät, … - 2014
This paper examines the macroprudential roles of bank capital regulation and monetary policy in a Dynamic Stochastic … channels through which credit risk, commercial bank losses, monetary policy and bank capital requirements affect the real … toolkit. Following credit shocks, countercyclical bank capital regulation is more effective than monetary policy in promoting …
Persistent link: https://www.econbiz.de/10011111145
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Banking System Resilience and Financial Stability
Swamy, Vighneswara - Volkswirtschaftliche Fakultät, … - 2013
This paper while emphasising the importance of the concept of financial stability in the wake of recent global financial crisis attempts to highlight the significance of the soundness of banking sector in emerging economies where banking sector constitutes a lion’s share in the financial...
Persistent link: https://www.econbiz.de/10011259894
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Banking System Resilience and Financial Stability - An Evidence from Indian Banking
Swamy, Vighneswara - Volkswirtschaftliche Fakultät, … - 2013
significance of the interrelatedness of the bank-specific variables such as; Liquidity, Asset Quality, Capital Adequacy and … interdependence and comovement of the banking stability covariates in a bank-dominated financial system that aids in understanding the …
Persistent link: https://www.econbiz.de/10011260876
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Financial liberalization and contagion with unobservable savings
Panetti, Ettore - Volkswirtschaftliche Fakultät, … - 2011
How do market-based channels for the provision of liquidity affect financial liberalization and contagion? In order to answer this question, I extend the Diamond and Dybvig (1983) model of financial intermediation to a two-country environment with unobservable markets for borrowing and lending...
Persistent link: https://www.econbiz.de/10008869263
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Unobservable savings, risk sharing and default in the financial system
Panetti, Ettore - Volkswirtschaftliche Fakultät, … - 2011
In the present paper, I analyze how unobservable savings affect risk sharing and bankruptcy decisions in the financial system. I extend the Diamond and Dybvig (1983) model of financial intermediation to an environment with heterogeneous intermediaries, aggregate uncertainty and agents' hidden...
Persistent link: https://www.econbiz.de/10008869270
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Lending Standards and Countercyclical Capital Requirements under Imperfect Information
Gete, Pedro; Tiernan, Natalie - Volkswirtschaftliche Fakultät, … - 2014
We propose a quantitative model of lending standards with two reasons for inefficient credit: lenders' moral hazard from deposit insurance or government guarantees, and imperfect information about the persistence of asset price growth, which generates incorrect but rational beliefs in the...
Persistent link: https://www.econbiz.de/10011108310
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The Reform of Federal Deposit Insurance
Cebula, Richard - Volkswirtschaftliche Fakultät, … - 1992
In the first essay, Calomiris argues that the most desirable means by which to achieve banking system stability is to permit unlimited branch banking combined with the type of privately administered formal deposit insurance programs of antebellum Indiana, Ohio, and Iowa. In the second essay,...
Persistent link: https://www.econbiz.de/10011110450