Similar Search Results

Macro Prudential Policies from a Micro Prudential Angle

Cordella, Tito - 2013

The standard macro(prudential) models focus on externalities and treat all prudential instruments as alternative, but equivalent, forms of Pigouvian taxes. This paper explicitly models individual banks' risk choices and shows that different prudential instruments affect banks' risk-taking...

Persistent link: https://www.econbiz.de/10013071846

A Framework for Assessing Systemic Risk

Dijkman, Miquel - 2017

When faced with financial crises, authorities worldwide tend to respond aggressively with public support measures. Given the adverse impact on moral hazard and market discipline, support measures involving public money are ideally limited to crisis situations involving systemic risk: a...

Persistent link: https://www.econbiz.de/10012976573

A More Complete Conceptual Framework for Financing of Small and Medium Enterprises

Berger, Allen N.; Udell, Gregory F. - 2006

The authors propose a more complete conceptual framework for analysis of credit availability for small and medium enterprises (SMEs). In this framework, lending technologies are the key conduit through which government policies and national financial structures affect credit availability. They...

Persistent link: https://www.econbiz.de/10014060180

The Conceptual Foundations of Macroprudential Policy : A Roadmap

de la Torre, Augusto - 2017

This paper explores post-Lehman macroprudential regulation by interacting two types of market failures (principal-agent and collective action) with two cognition modes (unconstrained and constrained) in the context of aggregate risk. Four paradigms with orthogonal policy justifications are...

Persistent link: https://www.econbiz.de/10012974081

Inter-Firm Trade Finance in Times of Crisis

Menichini, Anna Maria - 2010

The paper discusses the main features that distinguish inter-firm international trade finance from alternative sources of financing. On the one hand, inter-firm trade finance could help overcome informational problems associated with other lending relationships; on the other, it may contribute...

Persistent link: https://www.econbiz.de/10014201493

Placing Bank Supervision in the Central Bank : Implications for Financial Stability Based on Evidence from the Global Crisis

Melecký, Martin - 2017

Although keeping bank supervision independent from macroprudential supervision may ensure more checks and balances …, placing bank supervision in the central bank could exploit synergies with macroprudential supervision. This paper studies … whether placing microprudential supervision of banks, typically the systemic part of the financial system, under the same roof …

Persistent link: https://www.econbiz.de/10012971545

Bank Regulation and Supervision Ten Years after the Global Financial Crisis

Anginer, Deniz - 2020

This paper summarizes the latest update of the World Bank Bank Regulation and Supervision Survey. The paper explores … crisis. Bank supervision became stricter and more complex compared with the pre?global financial crisis period. However …

Persistent link: https://www.econbiz.de/10012846812

The Foundations of Macroprudential Regulation : A Conceptual Roadmap

Torre, Augusto de la - 2017

This paper examines the conceptual foundations of macroprudential policy by reviewing the literature on financial frictions from a policy perspective that systematically links state interventions to market failures. The method consists in gradually incorporating into the Arrow-Debreu world a...

Persistent link: https://www.econbiz.de/10012974082

Macroprudential Regulation of Credit Booms and Busts : The Experience of the National Bank of the Republic of Macedonia

Celeska, Frosina - 2017

financial regulation and supervision, as well as the most important quantitative and qualitative impacts of the utilized …

Persistent link: https://www.econbiz.de/10012975819

Capital Market Development : Whither Latin America?

Torre, Augusto de la - 2016

Over the past decades, many countries have implemented significant reforms to foster capital market development. Latin American countries were at the forefront of this process. The authors analyze where Latin American capital markets stand after these reforms. They find that despite the intense...

Persistent link: https://www.econbiz.de/10012747821