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risk in which all banks choose inefficiently high leverage to fund correlated assets and market discipline is compromised … ; systemic risk ; bailout ; forbearance ; moral hazard ; capital requirements …
Persistent link: https://www.econbiz.de/10008657183
regular core capital requirement that helps deter excessive risk-taking incentives. The second tier, a novel aspect of our … framework, is a special capital account that limits risk taking but preserves creditors' monitoring incentives. -- capital … requirements ; leverage ; systemic risk …
Persistent link: https://www.econbiz.de/10008987101
turn, banks hoard liquidity and decrease term lending as their rollover risk increases over the term of the loan. High …, inter-bank markets can completely freeze. -- inter-bank lending ; financial crisis ; precautionary demand ; rollover risk …
Persistent link: https://www.econbiz.de/10009130504
syndicated loan packages denominated in dollars. The results point to a funding risk in global banking, manifesting as currency …
Persistent link: https://www.econbiz.de/10009781869
We examine the financial conditions of dealers that participated in two of the Federal Reserve's lender-of-last-resort (LOLR) facilities -- the Term Securities Lending Facility (TSLF) and the Primary Dealer Credit Facility (PDCF) -- that provided liquidity against a range of assets during...
Persistent link: https://www.econbiz.de/10010404154