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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

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

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

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

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

Private overborrowing under sovereign risk

Arce, Fernando - 2022

This paper proposes a quantitative theory of the interaction between private and public debt in an open economy. Excessive private debt increases the frequency of financial crises. During such crises the government provides fiscal bailouts financed with risky public debt. This response may cause...

Persistent link: https://www.econbiz.de/10013364539

Bank Bailouts, International Linkages and Cooperation

Niepmann, Friederike; Schmidt-Eisenlohr, Tim - 2011

On the occasion of the 65th birthday of Governor Klaus Liebscher and in recognition of his commitment to Austria's participation in European monetary union and to the cause of European integration, the Oesterreichische Nationalbank (OeNB) established a "Klaus Liebscher Award". It has been...

Persistent link: https://www.econbiz.de/10013370087

Can it be prevented this time? The role of profits in banking regulation

Esposito, Lorenzo; Mastromatteo, Giuseppe - 2023

Since the nineties, crises have punctuated financial markets, shattering the conventional wisdom about how these markets work and how to regulate them, and forcing a deep rethinking of the supervisory framework that, however, did not change much of the banks' behavior and incentives. In...

Persistent link: https://www.econbiz.de/10014474498

Bank Bailout Menus

Bhattacharya, Sudipto; Nyborg, Kjell G. - Swiss National Centre of Competence in Research North … - 2010

Bailing out banks requires overcoming debt overhang as well as dealing with adverseselection with respect to the quality of banks' balance sheets, in terms of heterogeneity inboth the likelihood and extent of their potential shortfalls, of future asset values vis-a-viscontractual debt...

Persistent link: https://www.econbiz.de/10009305107

Risk-Taking Incentives, Governance, and Losses in theFinancial Crisis

Chesney, Marc; Stromberg, Jacob; Wagner, Alexander F. - Swiss National Centre of Competence in Research North … - 2010

This paper studies the extent to which risk-taking incentives of CEOs and other governancefeatures in a range of years prior to the recent financial crisis were related to the write-downsof U.S. financial institutions during the crisis. We document that institutions whose CEOs hadparticularly...

Persistent link: https://www.econbiz.de/10009305115