Similar Search Results

Cooperation in international banking supervision

Holthausen, Cornelia; Rønde, Thomas - 2004

This paper analyzes cooperation between sovereign national authorities in the supervision and regulation of a … multinational bank. We take a political economy approach to regulation and assume that supervisors maximize the welfare of their own … the countries are perfectly aligned, Þrst best closure regulation cannot be implemented; (2) the more aligned the …

Persistent link: https://www.econbiz.de/10009636539

Pandemic lending : micro and macro effects of model-based regulation

Fiordelisi, Franco; Fusi, Giulia; Maddaloni, Angela; … - 2022

When the Covid-19 crisis struck, banks using internal-rating based (IRB) models quickly recognized the increase in risk and reduced lending more than banks using a standardized approach. This effect is not driven by borrowers' quality or by banks in countries with credit booms before the...

Persistent link: https://www.econbiz.de/10013485965

Aim, focus, shoot : the choice of appropriate and effective macroprudential instruments

Azzone, Michele; Pirovano, Mara - 2024

We examine the issue of the appropriate selection of macroprudential instruments according to the vulnerabilities identified and the policymakers' objectives using a version of the 3D DSGE model following Mendicino et al. (2020) and Hinterschweiger et al. (2021) calibrated for the euro area. We...

Persistent link: https://www.econbiz.de/10015176875

Macroprudential regulation of investment funds

Di Iasio, Giovanni; Kaufmann, Christoph; Wicknig, Florian - 2022

. Without regulation, funds hold insufficient deposits and must sell bonds when hit by large redemptions. Bond liquidation is …

Persistent link: https://www.econbiz.de/10013329424

Climate transition risk in the banking sector : what can prudential regulation do?

Grill, Michael; Popescu, Alexandra; Rancoita, Elena - 2024

paper, by means of a DSGE model including heterogeneous firms and banks, financial frictions and prudential regulation … increases the volatility of lending and output. We further show that relying on microprudential regulation alone would not be … microprudential regulation, leads to a Pareto improvement. …

Persistent link: https://www.econbiz.de/10014490442

Regulating the doom loop

Alogoskoufis, Spyros; Langfield, Sam - 2019

how to treat sovereign exposures in bank regulation. Our contribution is to model endogenous sovereign portfolio …

Persistent link: https://www.econbiz.de/10012061145

How should central banks communicate?

Ehrmann, Michael (contributor); … - 2005

The paper shows that central bank communication is a key determinant of the market's ability to anticipate monetary policy decisions and the future path of interest rates. Comparing communication policies by the Federal Reserve, the Bank of England and the ECB since 1999, we find that...

Persistent link: https://www.econbiz.de/10003209188

A quantitative perspective on optimal monetary policy cooperation between the US and the euro area

Adjemian, Stéphane (contributor); … - 2008

The objective of this paper is to examine the main features of optimal monetary policy cooperation within a micro-founded macroeconometric framework. First, using Bayesian techniques, we estimate a two-country dynamic stochastic general equilibrium (DSGE) model for the United States (US) and the...

Persistent link: https://www.econbiz.de/10003750046

No country is an island : international cooperation and climate change

Ferrari, Massimo; Pagliari, Maria Sole - 2021

In this paper we explore the cross-country implications of climate-related mitigation policies. Specifically, we set up a two-country, two-sector (brown vs green) DSGE model with negative production externalities stemming from carbon-dioxide emissions. We estimate the model using US and euro...

Persistent link: https://www.econbiz.de/10012547574

Cross-border banking in the EU since the crisis : what is driving the great retrenchment?

Emter, Lorenz; Schmitz, Martin; Tirpák, Marcel - 2018

This paper examines the drivers of the retrenchment in cross-border banking in the European Union (EU) since the global financial crisis, which stands out in international comparison as banks located in the euro area and in the rest of the EU reduced their cross-border claims by around 25%....

Persistent link: https://www.econbiz.de/10011802126