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Monetary policy, financial regulation and financial stability: A comparison between the Fed and the ECB
Schnabl, Gunther; Sonnenberg, Nils - 2020
banking system, whereas the European Central Bank had a stronger focus on the stabilization of the debt affordability of euro …
Persistent link: https://www.econbiz.de/10012197951
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The repeal of the glass-steagall act and the Federal Reserve's extraordinary intervention during the global financial crisis
Nersisyan, Yeva - 2015
repo market, et cetera. In this paper, we argue that the elimination of specialized banking through the eventual repeal of … protected banks and the so-called shadow banking system have become blurred. The existence of the shadow banking universe, which … banking system. In this context, reforming the lender-of-last-resort institution requires fundamental changes within the …
Persistent link: https://www.econbiz.de/10010513034
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A Critical Assessment of Seven Reports on Financial Reform: A Minskyan Perspective. Part III: G30, OECD, GAO, ICMBS reports
Tymoigne, Eric - 2009
This four-part study is a critical analysis of several reports dealing with the reform of the financial system in the United States. The study uses Minsky’s framework of analysis and focuses on the implications of Ponzi finance for regulatory and supervisory policies. The main conclusion of...
Persistent link: https://www.econbiz.de/10010281721
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A Critical Assessment of Seven Reports on Financial Reform: A Minskyan Perspective. Part II: Treasury, CRMPG reports, Financial Stability Forum
Tymoigne, Eric - 2009
This four-part study is a critical analysis of several reports dealing with the reform of the financial system in the United States. The study uses Minsky’s framework of analysis and focuses on the implications of Ponzi finance for regulatory and supervisory policies. The main conclusion of...
Persistent link: https://www.econbiz.de/10010281723
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A Critical Assessment of Seven Reports on Financial Reform: A Minskyan Perspective. Part IV: Summary tables
Tymoigne, Eric - 2009
This four-part study is a critical analysis of several reports dealing with the reform of the financial system in the United States. The study uses Minsky’s framework of analysis and focuses on the implications of Ponzi finance for regulatory and supervisory policies. The main conclusion of...
Persistent link: https://www.econbiz.de/10010281728
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A Critical Assessment of Seven Reports on Financial Reform: A Minskyan Perspective. Part I: Key concepts and main points
Tymoigne, Eric - 2009
This four-part study is a critical analysis of several reports dealing with the reform of the financial system in the United States. The study uses Minsky’s framework of analysis and focuses on the implications of Ponzi finance for regulatory and supervisory policies. The main conclusion of...
Persistent link: https://www.econbiz.de/10010281732
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Heterogeneous patterns of financial development: Implications for Asian financial integration
Bun, Linh; Singh, Nirvikar - 2015
This paper analyzes detailed differences in patterns of financial development across the major Asian economies, including three of the region's largest economies (China, Japan and South Korea), to understand how these differences might affect possibilities for greater regional financial...
Persistent link: https://www.econbiz.de/10011406335
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Liquidity backstops and dynamic debt runs
Wei, Bin; Yue, Vivian Z. - 2015
Liquidity backstops have important implications for financial stability. In this paper, we provide a microfoundation for the important role of liquidity backstops in mitigating runs (or, conversely, the role of the lack of liquidity backstops in exacerbating runs) based on a dynamic model of...
Persistent link: https://www.econbiz.de/10011460620
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Financial Sector Legislative Reforms Commission (FSLRC) & financial sector regulation in India
Bhagwati, Jaimini; Khan, M. Shuheb; Bogathi, … - 2016
submitted its report in 2013 and four of its members recorded dissenting notes. This paper examines the changes in regulation in … respect to e.g. capital adequacy, shadow banking and accounting. The paper also reviews the current levels of development of … the Indian banking, capital markets, pensions and insurance sub-sectors and past episodes of egregious wrongdoing. The …
Persistent link: https://www.econbiz.de/10011807863
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Equity Trading by Institutional Investors: Evidence on Order Submission Strategies
Næs, Randi; Skjeltorp, Johannes A. - 2002
The trading volume channeled through off-market crossing networks is growing. Passive matching of orders outside the primary market lowers several components of execution costs compared to regular trading. On the other hand, the risk of non-execution imposes opportunity costs, and the inherent...
Persistent link: https://www.econbiz.de/10012143600