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Money manager capitalism and the global financial crisis
Wray, L. Randall - 2009
This paper applies Hyman Minsky's approach to provide an analysis of the causes of the global financial crisis. Rather than finding the origins in recent developments, this paper links the crisis to the long-term transformation of the economy from a robust financial structure in the 1950s to the...
Persistent link: https://www.econbiz.de/10010281753
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The New Basel Accord: Implications of the Co-existence between the Standardized Approach and the Internal Ratings-based Approach
Rime, Bertrand - 2003
We examine the prudential implications of the co-existence between the standardized approach and the internal ratings-based (IRB) approach, as defined in the new Basle Accord. We consider a model in which sophisticated banks, eligible for the IRB approach, and unsophisticated banks, eligible for...
Persistent link: https://www.econbiz.de/10011430044
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OTC Derivatives Market in India: Recent Regulatory Initiatives and Open Issues for Market Stability and Development
Arora, Dayanand; Rathinam, Francis Xavier - 2010
The OTC derivatives markets all over the world have shown tremendous growth in recent years. In the wake of the present financial crisis, which is believed to have been exacerbated by OTC derivatives, increasing attention is being paid to analysing the regulatory environment of these markets. In...
Persistent link: https://www.econbiz.de/10011807654
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Getting closer or falling apart? Euro countries after the Euro crisis
Bordignon, Massimo; Gatti, Nicolò; Onorato, … - 2021
performance such as the level of regulation of product and labor markets, as well as the trust in political institutions, quality … quality of governance as well as the level of social trust. The very different approach followed with the Covid crisis might …
Persistent link: https://www.econbiz.de/10012609101
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Trust in Banks? Evidence from normal times and from times of crises
Knell, Markus; Stix, Helmut - 2009
Trust in financial institutions is of great importance for financial intermediation. Against this background, we study … two questions: Has trust in banks declined during the global financial crisis and what factors determine the level of … trust in banks? Employing survey evidence from Austrian households, we show that trust in banks is mainly affected by …
Persistent link: https://www.econbiz.de/10013370075
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Federal reserve policies and financial market conditions during the crisis
Brave, Scott A.; Genay, Hesna - 2011
During the recent financial crisis, the Federal Reserve implemented a series of extraordinary and unconventional policies to alleviate the impact of the crisis on financial markets and the economy. In this paper, we examine the effects of these policies on broad financial market conditions,...
Persistent link: https://www.econbiz.de/10010292196
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The financial crisis of 2008 in fixed income markets
Dwyer, Gerald P.; Tkac, Paula - 2009
We explore how a relatively small amount of heterogeneous securities created turmoil in financial markets in much of the world in 2007 and 2008. The drivers of the financial turmoil and the financial crisis of 2008 were heterogeneous securities that were hard to value. These securities created...
Persistent link: https://www.econbiz.de/10010292330
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Bank runs without sequential service
Andolfatto, David; Nosal, Ed - 2018
Banking models in the tradition of Diamond and Dybvig (1983) rely on sequential service to explain belief-driven runs. But the run-like phenomena witnessed during the financial crisis of 2007-08 occurred in the wholesale shadow banking sector where sequential service is largely absent,...
Persistent link: https://www.econbiz.de/10012030272
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Is stricter regulation of incentive compensation the missing piece?
Wall, Larry D. - 2019
Although a number of steps have been taken to reduce the risk of financial stability, some significant weaknesses remain. This paper examines whether stricter regulation of incentive compensation is the missing piece needed to reduce risk to acceptable levels. Unfortunately, this review of the...
Persistent link: https://www.econbiz.de/10012030288
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Contagion effects of the Silicon Valley Bank run
Choi, Dong Beom; Goldsmith-Pinkham, Paul; Yorulmazer, Tanju - 2023
This paper analyzes the contagion effects associated with the failure of Silicon Valley Bank (SVB) and identifies bank-specific vulnerabilities contributing to the subsequent declines in banks' stock returns. We find that uninsured deposits, unrealized losses in held-to-maturity securities, bank...
Persistent link: https://www.econbiz.de/10014540982