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Claessens, Stijn - 2012

The paper focuses on two functions of shadow banking: securitization and collateral intermediation. It describes operations of the shadow banking system, demand factors, systemic risks, and associated policy priorities

Persistent link: https://www.econbiz.de/10013096711

Global Liquidity and Drivers of Cross-Border Bank Flows

Cerutti, Eugenio - 2014

global factors driving cross-border bank flows, alongside country-specific factors. It confirms the explanatory power of US … financial conditions, with flows decreasing in market volatility (VIX) and term premia, and increasing in bank leverage, growth … frameworks and better bank regulation, but less so for flows to non-financial firms …

Persistent link: https://www.econbiz.de/10013053045

Global Liquidity and Drivers of Cross-Border Bank Flows

Cerutti, Eugenio - 2014

This paper studies the determinants of global liquidity using data on cross-border bank flows, with a longer time … liquidity is driven primarily by uncertainty (VIX), US monetary policy (term premia), and UK and Euro Area bank conditions … more stringent bank regulation …

Persistent link: https://www.econbiz.de/10013054284

Alternative frameworks for providing financial services

Claessens, Stijn; Klingebiel, Daniela - 1999

Persistent link: https://www.econbiz.de/10001423446

Crisis Management and Resolution; Early Lessons from the Financial Crisis

Pazarbasioglu, Ceyla; Laeven, Luc; Nedelescu, Oana M.; … - International Monetary Fund (IMF) - 2011

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...

Persistent link: https://www.econbiz.de/10011245897

Lessons and Policy Implications From the Global Financial Crisis

Claessens, Stijn; Laeven, Luc; Igan, Deniz; … - International Monetary Fund (IMF) - 2010

The ongoing global financial crisis is rooted in a combination of factors common to previous financial crises and some new factors. The crisis has brought to light a number of deficiencies in financial regulation and architecture, particularly in the treatment of systemically important financial...

Persistent link: https://www.econbiz.de/10008519478

How Do Credit Ratings Affect Bank Lending Under Capital Constraints?

Claessens, Stijn - 2018

Through the lens of credit risk ratings, we investigate how banks determine loan terms under capital constraints. Using a unique and comprehensive supervisory dataset of individual corporate loans in the US, we show that unexpected adjustments to banks' internal rating systems, which only alter...

Persistent link: https://www.econbiz.de/10012910256

Impact of Financial Regulations : Insights from an Online Repository of Studies

Boissay, Frédéric - 2019

The BIS is launching a public, online and interactive repository of studies on the effects of financial regulations, called FRAME. The purpose of this repository is to keep track of, organise, standardise and disseminate the latest findings. FRAME currently covers 83 studies and 139 quantitative...

Persistent link: https://www.econbiz.de/10012891112

The Regulatory Responses to the Global Financial Crisis : Some Uncomfortable Questions

Claessens, Stijn - 2014

We identify current challenges for creating stable, yet efficient financial systems using lessons from recent and past crises. Reforms need to start from three tenets: adopting a system-wide perspective explicitly aimed at addressing market failures; understanding and incorporating into...

Persistent link: https://www.econbiz.de/10013055666

Financial Restructuring in East Asia : Halfway There?

Claessens, Stijn - 2001

Resolving systemic banking and corporate distress is no easy task. This paper reviews bank and corporate restructuring …

Persistent link: https://www.econbiz.de/10012742127

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