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Bank resolution and public backstop in an asymmetric banking union
Segura, Anatoli; Vicente, Sergio - 2018
of bail-outs. Raising public funds to conduct a bail-out entails the deadweight loss of distortionary taxation. Bank bail … domestic bank failures may be contemporaneous to sovereign crises, giving rise to risk-sharing motives to mutualize the funding … the public backstop and forbearance in early bank intervention in the fiscally stronger country, facilitating bail-outs in …
Persistent link: https://www.econbiz.de/10011978809
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The importance of technology in banking during a crisis
Pierri, Niccola; Timmer, Yannick - 2021
direct role of IT adoption in strengthening bank resilience; these include instrumental variable estimates exploiting the …
Persistent link: https://www.econbiz.de/10012494252
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Prudential policy with distorted beliefs
Dávila, Eduardo; Walther, Ansgar - 2021
This paper studies leverage regulation and monetary policy when equity investors and/or creditors have distorted beliefs relative to a planner. We characterize how the optimal leverage regulation responds to arbitrary changes in investors' and creditors' beliefs and relate our results to...
Persistent link: https://www.econbiz.de/10012704734
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Electoral cycles in macroprudential regulation
Müller, Karsten - 2019
Do politics matter for macroprudential policy? I show that changes to macroprudential regulation exhibit a predictable electoral cycle in the run-up to 221 elections across 58 countries from 2000 through 2014. Policies restricting mortgages and consumer credit are systematically less likely to...
Persistent link: https://www.econbiz.de/10012135983
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Why are banks not recapitalized during crises?
Crosignani, Matteo - 2017
, in the context of the eurozone periphery, the increase in domestic government bond holdings, the reduction of bank credit …
Persistent link: https://www.econbiz.de/10011978342
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Resolving a non-performing loan crisis : the ongoing case of the Irish mortgage market
McCann, Fergal - 2018
The Irish banking system has in recent years experienced a large build-up in Non-Performing Loans (NPLs) during the crisis followed by a sharp reduction in the 2013-2017 period. In this article I present a recent history of the ongoing resolution of the mortgage arrears crisis in Ireland. Using...
Persistent link: https://www.econbiz.de/10011848377
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(Pro?)-cyclicality of collateral haircuts and systemic illiquidity
Glaser, Florian; Panz, Sven - 2016
Procyclicality of collateral haircuts and margins has become a widely proclaimed behavior and is currently discussed not only by academic literature but also by regulatory authorities in Europe. Procyclicality of haircuts is assumed to be a trigger of liquidity spirals due to its tightening...
Persistent link: https://www.econbiz.de/10011975294
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Pockets of risk in European housing markets : then and now
Kelly, Jane; Le Blanc, Julia; Lydon, Reamonn - 2019
Using household survey data, we document evidence of a loosening of credit standards in Euro area countries that experienced a property price boom-and-bust cycle. Borrowers in these countries exhibited significantly higher loan-to-value (LTV) and loan-to-income (LTI) ratios in the run up to the...
Persistent link: https://www.econbiz.de/10011978833
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Bank recapitalizations and lending : a little is not enough
Homar, Timotej - 2016
This paper analyzes the effect of bank recapitalizations on lending, funding and asset quality of European banks …
Persistent link: https://www.econbiz.de/10011975004
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Interbank credit exposures and financial stability
Schneorson, Oren - 2022
connectivity may destabilize the financial system via the bank-run channel. This is because it decreases the risk-sharing benefits … of interbank connectivity. A bank-run model features two islands that are connected via a long term debt claim. Varying … the size of this claim (interbank connectivity), I study how the decision to 'run on the bank' is affected. I run a …
Persistent link: https://www.econbiz.de/10013350529