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Reform of the European Union financial supervisory and regulatory architecture and its implications for Asia

Darvas, Zsolt M.; Schoenmaker, Dirk; Véron, Nicolas - 2016

no comparable political and legal integration. Nevertheless, Asia can draw useful lessons from European experiences in …

Persistent link: https://www.econbiz.de/10011613840

Will macroprudential policy counteract monetary policy's effects on financial stability?

Agur, Itai; Demertzis, Maria - 2018

bank risk taking, and its interaction with a regulator's optimization problem. The regulator uses its macroprudential tool … changes to partly "pass through" to bank soundness by not neutralizing the risk-taking channel of monetary policy. Thus …

Persistent link: https://www.econbiz.de/10011797689

Can asset reconstruction companies (ARCs) be part solution to the Indian debt problem?

Bhagwati, Jaimini; Khan, M. Shuheb; Bogathi, … - 2017

The Indian debt overhang issue is one of the major reasons that fresh investments are currently not being made in the scale required to promote higher growth and boost employment. Among banks the public sector banks (PSBs) are burdened with the bulk of net non-performing loans (NNPAs). These...

Persistent link: https://www.econbiz.de/10011638458

Financial Sector Legislative Reforms Commission (FSLRC) & financial sector regulation in India

Bhagwati, Jaimini; Khan, M. Shuheb; Bogathi, … - 2016

The Financial Sector Reforms Commission (FSLRC) which was set up in 2011 by the Ministry of Finance was mandated to study existing legislation and financial sector regulatory practices in India and to propose improvements. The FSLRC submitted its report in 2013 and four of its members recorded...

Persistent link: https://www.econbiz.de/10011483647

Bank panics and scale economies

Andolfatto, David; Nosal, Ed - 2017

A bank panic is an expectation-driven redemption event that results in a self-fulfilling prophecy of losses on demand … surprisingly di¢ cult to generate bank panic equilibria if one allows for a plausible degree of contractual flexibility. A common … minimum scale requirement. With this simple and empirically-plausible modification to the standard model, we find that bank …

Persistent link: https://www.econbiz.de/10011691431

Illiquidity and all its friends

Tirole, Jean - 2010

The recent crisis was characterized by massive illiquidity. This paper reviews what we know and don't know about illiquidity and all its friends: market freezes, fire sales, contagion, and ultimately insolvencies and bailouts. It first explains why liquidity cannot easily be apprehended through...

Persistent link: https://www.econbiz.de/10008732226

Collective moral hazard, maturity mismatch and systemic bailouts

Tirole, Jean; Farhi, Emmanuel - 2009

The paper elicits a mechanism by which private leverage choices exhibit strategic complementarities through the reaction of monetary policy. When everyone engages in maturity transformation, authorities have little choice but facilitating refinancing. In turn, refusing to adopt a risky balance...