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Dividends and bank capital in the global financial crisis of 2007-2009
Acharya, Viral V.; Gujral, Irvind; Kulkarni, Nirupama; … - In: The journal of financial crises 4 (2022) 2, pp. 1-39
Persistent link: https://www.econbiz.de/10013447565
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Does the lack of financial stability impair the transmission of monetary policy?
Acharya, Viral V.; Imbierowicz, Björn; Steffen, Sascha; … - 2019
We investigate the transmission of central bank liquidity to bank deposits and loan spreads in Europe over the January 2006 to June 2010 period. We find evidence consistent with an impaired transmission channel due to bank risk. Central bank liquidity does not translate into lower loan spreads...
Persistent link: https://www.econbiz.de/10011994210
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Does the lack of financial stability impair the transmission of monetary policy?
Acharya, Viral V.; Imbierowicz, Björn; Steffen, Sascha; … - 2019
We investigate the transmission of central bank liquidity to bank deposits and loan spreads in Europe over the period from January 2006 to June 2010. We find evidence consistent with an impaired transmission channel due to bank risk. Central bank liquidity does not translate into lower loan...
Persistent link: https://www.econbiz.de/10012156604
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A model of liquidity hoarding and term premia in inter-banks markets
Acharya, Viral V.; Skeie, David - 2011
Financial crises are associated with reduced volumes and extreme levels of rates for term inter-bank loans, reflected in the one-month and three-month Libor. We explain such stress by modeling leveraged banks' precautionary demand for liquidity. Asset shocks impair a bank's ability to roll over...
Persistent link: https://www.econbiz.de/10010287145
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Regulating Wall Street : the Dodd-Frank act and the new architecture of global finance
Acharya, Viral V. (contributor) - 2011
Persistent link: https://www.econbiz.de/10009174201
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Restoring financial stability : how to repair a failed system
Acharya, Viral V. (contributor);  … - 2009
Persistent link: https://www.econbiz.de/10004409393
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Manufacturing Tail Risk: A Perspective on the Financial Crisis of 2007–2009
Acharya, Viral V.; Cooley, Thomas; Richardson, Matthew; … - In: Foundations and Trends(R) in Finance 4 (2010) 4, pp. 247-325
We argue that the fundamental cause of the financial crisis of 2007–2009 was that large, complex financial institutions …
Persistent link: https://www.econbiz.de/10010693715
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Measuring Systemic Risk
Acharya, Viral V.; Pedersen, Lasse Heje; Philippon, Thomas - 2010
We present a simple model of systemic risk and show how each financial institution’s contribution to systemic risk can … be measured and priced. An institution’s contribution, denoted systemic expected shortfall (SES), is its propensity to be …-dependence. Institutions internalize their externality if they are “taxed” based on their SES. Through several examples, we demonstrate …
Persistent link: https://www.econbiz.de/10014195837
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Kicking the Can Down the Road : Government Interventions in the European Banking Sector
Acharya, Viral V.; Borchert, Lea; Jager, Maximilian; … - 2020
We analyze the determinants and the long-run consequences of government interventions in the eurozone banking sector during the 2008/09 financial crisis. Using a novel and comprehensive dataset, we document that fiscally constrained governments "kicked the can down the road" by providing banks...
Persistent link: https://www.econbiz.de/10014111199
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Does the Lack of Financial Stability Impair the Transmission of Monetary Policy?
Acharya, Viral V. - 2019
We investigate the transmission of central bank liquidity to bank deposits and loan spreads in Europe over the period from January 2006 to June 2010. We find evidence consistent with an impaired transmission channel due to bank risk. Central bank liquidity does not translate into lower loan...
Persistent link: https://www.econbiz.de/10012903825