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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
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Resilience and fragility in global banking : impacts on emerging economies
Conesa, Marina; Lotti, Giulia; Powell, Andrew - 2020
Theory suggests both resilience and fragility in banking networks. This paper finds both, exploiting a new database of cross-border syndicated lending to developing countries from 1993 to 2017. Shocks propagate via co-lenders driven by central players, but shocks impacting fringe banks have...
Persistent link: https://www.econbiz.de/10012256480
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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
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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
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Strategic default in financial networks
Allouch, Nizar; Jalloul, Maya - 2018
This paper investigates a model of strategic interactions in financial networks, where the decision by one agent on whether or not to default impacts the incentives of other agents to escape default. Agents' payoffs are determined by the clearing mechanism introduced in the seminal contribution...
Persistent link: https://www.econbiz.de/10011812108
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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
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Foreign bank behavior during financial crises
Adams-Kane, Jonathon; Caballero, Julián; Lim, Jamus Jerome - 2014
This paper studies whether lending by foreign banks is affected by financial crises. The paper pairs a bank …
Persistent link: https://www.econbiz.de/10011286210
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Financial integration and foreign banks in Latin America : how do they impact the transmission of external financial shocks?
Galindo Andrade, Arturo José; Izquierdo, Alejandro; … - 2010
deepening credit markets dominates for the large majority of states of nature. The paper also uses a detailed bank-level dataset …
Persistent link: https://www.econbiz.de/10010247923
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Constructing a cyclical Systemic Risk Indicator (cSRI) for Malta
Vella, Sarah - 2024
occurred in several countries around the world have shown that heightened cyclical risk can lead to exorbitant economic and … indicator for cyclical risk for Malta developed by the Central Bank of Malta. This paper addresses this gap by building a … cyclical systemic risk indicator (cSRI). The cSRI is driven by the 2-year growth rate in real bank credit, the 1-year change in …
Persistent link: https://www.econbiz.de/10014450559
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Smart development banks
Fernández Arias, Eduardo; Hausmann, Ricardo; Panizza, Ugo - 2019
The conventional paradigm about development banks is that these institutions exist to target well-identified market failures. However, market failures are not directly observable and can only be ascertained with a suitable learning process. Hence, the question is how do the policymakers know...
Persistent link: https://www.econbiz.de/10012098060