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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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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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The End of the Waterfall: Default Resources of Central Counterparties
Cont, Rama - 2015
, and prompted discussions on CCP risk management standards and safeguards for recovery and resolutions of CCPs in case of … failure. We contribute to the debate on CCP default resources by focusing on the incentives generated by the CCP loss … allocation rules for the CCP and its members and discussing how the design of loss allocation rules may be used to align these …
Persistent link: https://www.econbiz.de/10012143872
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Central Clearing and Risk Transformation
Cont, Rama - 2017
The clearing of over-the-counter transactions through central counterparties (CCPs), one of the pillars of financial … important to examine how these reforms have affected risks in the financial system and whether central clearing has attained the … eliminating counterparty risk, central clearing transforms it into liquidity risk: margin calls transform accounting losses into …
Persistent link: https://www.econbiz.de/10012143902
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El G20, la crisis y el rediseño de la arquitectura financiera internacional
Carrera, Jorge - 2009
All severe crises have required a reformulation of the International Financial Architecture (IFA). The G20, abruptly turned into a discussion and action forum to cope with the crisis, focused its work on two areas: first, the coordination of the macroeconomic policies to come out of the crisis...
Persistent link: https://www.econbiz.de/10010325084
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The revolving door: State connections and inequality of influence in the US banking sector
Brezis, Elise S.; Cariolle, Joël - 2017
This paper addresses the effects of the revolving door phenomenon on the inequality of influence among firms. It shows that firms are not equal in their capacities to benefit from state connections. We first develop a theoretical model introducing the notion of "bureaucratic capital" and showing...
Persistent link: https://www.econbiz.de/10012057434
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Arbitrariness in the peer review process
Brezis, Elise S.; Birukou, Aliaksandr - 2019
The purpose of this paper is to analyze the causes and effects of arbitrariness in the peer review process. This paper focuses on two main reasons for the arbitrariness in peer review. The first is that referees are not homogenous and display homophily in their taste and perception of innovative...
Persistent link: https://www.econbiz.de/10012387265