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U.S. financial regulation has traditionally made functional and institutional regulation roughly equivalent. However, the gradual shift away from Glass-Steagall and the introduction of the Financial Modernization Act (FMA) generated a disorderly mix of functions and products across institutions,...
Persistent link: https://www.econbiz.de/10010266501
We investigate the effect of financial integration on the degree of international business cycle synchronization. For identfication, we use a confidential database on banks' bilateral exposure over the past three decades and employ a novel bilateral country-pair panel instrumental vari- ables...
Persistent link: https://www.econbiz.de/10010273687
ratios- following intra- and (particularly) interstate liberalization of bank branching restrictions. This effect arises …
Persistent link: https://www.econbiz.de/10005858336
The profit-maximizing and oligopoly bank model developed by Bresnahan and Lau allows determining the degree of market … power held by an average bank. The equilibrium price equation includes a mark up, which is not used in the case of perfect …
Persistent link: https://www.econbiz.de/10010325100
This paper analyzes the impact of ongoing financial integration and increase in crossborder activities on banks’ common exposure to shocks and on banking sector systemic risk. For that, we study the evolution of correlations between large international banks’ asset-to-debt ratios over...
Persistent link: https://www.econbiz.de/10005858331
Using count data on the number of bank failures in US states during the 1960 to 2006 period, this paper endeavors to … instruments to absorb potential endogeneity between the number of bank failures and economic and regulatory conditions. Results … suggest that bank failures are not merely self-fulfilling prophecies but relate systematically to inflation as well as to …
Persistent link: https://www.econbiz.de/10011430078
to acceptable levels. Unfortunately, this review of the literatures on the relationship of risk to bank chief operating … officer and bank employee compensation suggest both have some potential but that significant concerns remain in both cases. At …
Persistent link: https://www.econbiz.de/10012030288
The Federal Home Loan Bank (FHLB) System is a large, complex, and understudied government-sponsored liquidity facility … provides evidence about the uses of these funds by their bank and thrift members. We then identify the trade-offs faced by FHLB …
Persistent link: https://www.econbiz.de/10010292250
In this paper we present an analytical review of the capital adequacy regime and the present state of capital to risk-weighted asset ratio (CRAR) of the banking sector in India. In the current regime of Basel I, Indian banking system is performing reasonably well, with an average CRAR of about...
Persistent link: https://www.econbiz.de/10011807603
detailed bank-level data we show how Norwegian and Swedish banks' lending reacts to monetary policy surprises arising abroad …
Persistent link: https://www.econbiz.de/10012661562