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A more resilient financial system but… Basel III and the FSB

Perez Hernandez, Enrique - Volkswirtschaftliche Fakultät, … - 2010

presumably do so in the near future in crucial issues such capital requirements, liquidity, leverage, systemic risk, etc. This …

Persistent link: https://www.econbiz.de/10009397158

The need for revised resolution regimes and supervisory arrangements

Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2011

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

Central bank’s role and involvement in bank regulation: Lender of last resort arrangements and the Special Resolution Regime (SRR)

Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2009

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

Liquidity and Asset Prices

Amihud, Yakov; Mendelson, Haim; Pedersen, Lasse Heje - Volkswirtschaftliche Fakultät, … - 2005

We review the theories on how liquidity affects the required returns of capital assets and the empirical studies that … test these theories. The theory predicts that both the level of liquidity and liquidity risk are priced, and empirical … studies find the effects of liquidity on asset prices to be statistically significant and economically important, controlling …

Persistent link: https://www.econbiz.de/10008645110

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

Redefining a role for central banks: The increased importance of central banks’ roles in the management of liquidity risks and macro prudential supervision in the aftermath of the...

Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2010

their supervisory roles and functions, have necessitated an extension of central banks role in the management of liquidity …

Persistent link: https://www.econbiz.de/10008683306

Central banks and different policies implemented in response to the recent Financial Crisis

Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2010

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

The role of monetary policy in matters relating to financial stability: Monetary policy responses adopted during the most recent Financial Crisis

Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2010

could become overly dependent on monetary policy and liquidity sustenance measures provided during deteriorating financial …

Persistent link: https://www.econbiz.de/10008740556

The determinants of home bias puzzle in equity portfolio investment in Australia

Vo, Xuan Vinh - Volkswirtschaftliche Fakultät, … - 2008

Over the past decades, there is an increased trend in the international financial integration as countries are removing and relaxing controls on cross-border investment. Capital can flow easily to the destination that offers higher returns as the results of decreasing obstacles to international...

Persistent link: https://www.econbiz.de/10008740593

Non-default Component of Sovereign Emerging Market Yield Spreads and its Determinants: Evidence from Credit Default Swap Market

Kucuk, Ugur N. - Volkswirtschaftliche Fakultät, … - 2010

default risk, such as liquidity. The author estimates the non-default component of the yield spreads as the basis between the … quality is bad. The author studies the effects of bond liquidity, liquidity in the CDS market, equity market performance, and … macroeconomic variables on the non-default component of the emerging market yield spreads. The results show that bond liquidity has …

Persistent link: https://www.econbiz.de/10008764702