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Systemic Risk and the Refinancing Ratchet Effect
Khandani, Amir E.; Lo, Andrew W.; Merton, Robert C. - Harvard Business School, Harvard University - 2009
near-frictionless refinancing opportunities-led to vastly increased systemic risk in the financial system. Individually …
Persistent link: https://www.econbiz.de/10005049582
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Bailout Uncertainty in a Microfounded General Equilibrium Model of the Financial System
Cukierman, Alex; Izhakian, Yehuda - C.E.P.R. Discussion Papers - 2011
between risk and uncertainty is implemented by applying the Gilboa-Schmeidler maxmin with multiple priors framework to lenders …
Persistent link: https://www.econbiz.de/10009144737
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Rescue costs and financial risk
Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2014
First externalities risk due to the size of the companies or the principle that large companies are also at risk of … for savers and investors are taken. If we accept-so conservatively that the risk exposure of a company is limited by its … risk foreseeable losses with positive externalities, then, what can happen with negative derivatives risk capital …
Persistent link: https://www.econbiz.de/10011110979
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THE FINANCIAL CRISIS, A PROBLEM OF ECONOMIC ETHICS AND OF MORALITY?
Pop, Napoleon - In: Studii Financiare (Financial Studies) 16 (2012) 2, pp. 118-128
Many experts interested in explaining and understanding the deepness of latest financial crisis, far away yet to be solved, have gone beyond the appearances capture only by the economic science. It is more than sure that bubble on US prime rate real estate market was a only the detonator of much...
Persistent link: https://www.econbiz.de/10010553244
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Bailout uncertainty in a microfounded general equilibrium model of the financial system
Cukierman, Alex; Izhakian, Yehuda - In: Journal of Banking & Finance 52 (2015) C, pp. 160-179
between risk and uncertainty is implemented by applying the multiple priors framework to beliefs about the probability of …
Persistent link: https://www.econbiz.de/10011209863
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On Thin Ice: CESEE Core Resilient in the Face of EU Stagnation and the Ukraine Crisis
Astrov, Vasily; Çiçek, Serkan; Dobrinsky, Rumen; … - Wiener Institut für Internationale … - 2014
downward risk, while a longer lasting drop in oil prices will represent an upward risk, except for energy exporters Russia and …
Persistent link: https://www.econbiz.de/10011019991
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Excessive credit growth and countercyclical capital buffers in basel III: an empirical evidence from central and east european countries
Seidler, Jakub; Gersl, Adam - Volkswirtschaftliche Fakultät, … - 2012
Excessive credit growth is often considered to be an indicator of future problems in the financial sector. This paper examines the issue of how best to determine whether the observed level of private sector credit is excessive in the context of the “countercyclical capital buffer”, a...
Persistent link: https://www.econbiz.de/10011259468
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FINANCIAL INNOVATIONS AND PRUDENTIAL REGULATION - IMPACT OF NEW RULES OF BASEL III
COCIUG, Victoria; DOGOTARI (Postolache), Victoria - In: Studii Financiare (Financial Studies) 18 (2014) 4, pp. 8-18
The recent financial crisis, that has left its mark on the global economy, highlighted the problems of ensuring the stability of the banking sector. At the end of 2010 year, G20 meeting has determined the need of approval of new standards of banking regulation and international settlement named...
Persistent link: https://www.econbiz.de/10011200009
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How the Crisis Affected Foreign Currency Borrowing in CESEE: Microeconomic Evidence and Policy Implications
Beckmann, Elisabeth; Scheiber, Thomas; Stix, Helmut - In: Focus on European Economic Integration (2011) 1, pp. 25-43
(CESEE) countries that experienced depreciations during the crisis. Despite this perceived increase in risk, a majority of …
Persistent link: https://www.econbiz.de/10008855702
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How Did the Global Financial Crisis Affect the CESEE Region and Latin America? – A Comparative Analysis
Backé, Peter; Gallego, Sonsoles; Gardó, Sándor; … - In: Focus on European Economic Integration (2010) 1, pp. 49-66
This paper examines the impact the global economic and financial crisis had on two distinct emerging market regions, namely Central, Eastern and Southeastern Europe (CESEE) and Latin America. Similar to other emerging economies, both regions were initially surprisingly resilient as the crisis...
Persistent link: https://www.econbiz.de/10008623550