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firm incentives in a post-reform financial system. -- Financial regulatory reform ; corporate governance ; bank charter … ; bank insolvency …
Persistent link: https://www.econbiz.de/10008657240
A 2012 paper by Goodhart, Kashyap, Tsomocos, and Vardoulakis (GKTV) proposes a dynamic general equilibrium framework that provides a conceptual - and to some extent quantitative - framework for the analysis of macroprudential policies. The distinguishing feature of GKTV's paper relative to any...
Persistent link: https://www.econbiz.de/10009669924
stems partly from lack of funding and partly from heightened counterparty credit risk. Central bank interventions helped … ; counterparty credit risk ; central bank currency swap lines ; financial crisis ; foreign exchange …
Persistent link: https://www.econbiz.de/10003947651
The Federal Reserve created the Commercial Paper Funding Facility (CPFF) in the midst of severe disruptions in money markets following the bankruptcy of Lehman Brothers on September 15, 2008. The CPFF finances the purchase of highly rated unsecured and asset-backed commercial paper from eligible...
Persistent link: https://www.econbiz.de/10003948222
The financial crisis of 2007-09 highlighted the changing role of financial institutions and the growing importance of the "shadow banking system," which grew out of the securitization of assets and the integration of banking with capital market developments. This trend was most pronounced in the...
Persistent link: https://www.econbiz.de/10003948811
, and the bank approval disparity is also larger in more racially biased counties. We conclude that insofar as automation by …
Persistent link: https://www.econbiz.de/10014283621
had a measurable effect on the stock market valuation of the forty-two bank holding companies subject to the SEC order. I …
Persistent link: https://www.econbiz.de/10001783071
We study bank supervision by combining a theoretical model that distinguishes supervision from regulation and a novel … supervision and use the model to interpret the relationship between supervisory efforts and bank characteristics observed in the … proportionally with bank size, suggesting the presence of technological economies of scale in supervision. The data also show …
Persistent link: https://www.econbiz.de/10011442183
In moral hazard models, bank shareholders have incentives to transfer wealth from the deposit insurer - that is … value, and a risk measure, this paper develops a semi-parametric model for estimating the critical level of bank risk at …
Persistent link: https://www.econbiz.de/10001630859
directly motivate potential producers of information by changing their incentives. Traditional approaches to bank governance …
Persistent link: https://www.econbiz.de/10009521658