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Understanding Financial Crises : A Developing Country Perspective
Mishkin, Frederic S. - 1996
inforamtion framework shows why the banking sector is so important to the economy, and provides a rationale for bank regulation …
Persistent link: https://www.econbiz.de/10012473248
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Restoring Confidence in Troubled Financial Institutions After a Financial Crisis
Calomiris, Charles W.; Carlson, Mark - National Bureau of Economic Research - 2022
actions by bank owners to change management, contract with depositors to extend liability maturity structure, write off bad … assets, and/or inject capital affected bank survival and deposit retention. This historical episode is particularly …
Persistent link: https://www.econbiz.de/10013334444
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Financial Innovation and the Management and Regulation of Financial Institutions
Merton, Robert C. - 1995
New security designs, improvements in computer telecommunications technology and advances in the theory of finance have led to revolutionary changes in the structure of financial markets and institutions. This paper provides a functional perspective on the dynamics of institutional change and...
Persistent link: https://www.econbiz.de/10012473791
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Fintech, Regulatory Arbitrage, and the Rise of Shadow Banks
Buchak, Greg - 2017
" lenders, accounted for roughly a quarter of shadow bank loan originations by 2015. Relative to non-fintech shadow banks …% of the recent shadow bank growth …
Persistent link: https://www.econbiz.de/10012455393
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What We Learn from China's Rising Shadow Banking : Exploring the Nexus of Monetary Tightening and Banks' Role in Entrusted Lending
Chen, Kaiji - 2016
We argue that China's rising shadow banking was inextricably linked to potential balance-sheet risks in the banking system. We substantiate this argument with three didactic findings: (1) commercial banks in general were prone to engage in channeling risky entrusted loans; (2) shadow banking...
Persistent link: https://www.econbiz.de/10012456782
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Liquidity Regulation and Unintended Financial Transformation in China
Hachem, Kinda Cheryl - 2016
We trace the origins of China's rapidly developing shadow banking sector to the adoption of stricter liquidity rules by Chinese regulators in the late 2000s. Our analysis exploits cross-sectional di¤erences in the bindingness of these rules along with time variation in product characteristics....
Persistent link: https://www.econbiz.de/10012456792
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Sustainable Shadow Banking
Ordonez, Guillermo - 2013
Commercial banks are subject to regulation that restricts their investments. When banks are concerned for their reputation, however, they could self-regulate and invest more efficiently. Hence, a shadow banking that arises to avoid regulation has the potential to improve welfare. Still,...
Persistent link: https://www.econbiz.de/10012459641
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Liquidity Risk, Liquidity Creation and Financial Fragility : A Theory of Banking
Diamond, Douglas W. - 1999
their investors. We show the bank has to have a fragile capital structure, subject to bank runs, in order to perform these … functions. Far from being an aberration to be regulated away, the funding of illiquid loans by a bank with volatile demand … such as narrow banking and bank capital requirements …
Persistent link: https://www.econbiz.de/10012471328
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Countercyclical Capital Buffers : A Cautionary Tale
Koch, Christoffer - 2020
Countercyclical capital buffers (CCyBs) are an old idea recently resurrected. CCyBs compel banks at the core of financial systems to accumulate capital during expansions so that they are better able to sustain operations during downturns. To gauge the potential impact of modern CCyBs, we compare...
Persistent link: https://www.econbiz.de/10012479234
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The Aggregate Demand for Bank Capital
Harris, Milton - 2020
-dimensional borrower heterogeneity. Based on characterizations of securities' implicit demand for bank equity capital, we obtain closed …-form expressions for the composition of credit, including a sufficient statistic for the provision of bank loans, and a novel cross …
Persistent link: https://www.econbiz.de/10012481162