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Systemic risk and monetary policy : the haircut gap channel of the lender of last resort
Jasova, Martina; Laeven, Luc; Mendicino, Caterina; … - 2021
Persistent link: https://www.econbiz.de/10012543134
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The SSM at 1
Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016
regulation, recovery and resolution, and risk culture. …
Persistent link: https://www.econbiz.de/10011557140
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Bank Size, Capital, and Systemic Risk : Some International Evidence
Laeven, Luc - 2014
This paper studies the significant variation in the cross-section of standalone and systemic risk of large banks during … the recent financial crisis to identify bank specific factors that determine risk. We find that systemic risk grows with … capital on standalone bank risk. Our results contribute to the ongoing debate on the merits of imposing systemic risk …
Persistent link: https://www.econbiz.de/10013045800
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Systemic Risk and Monetary Policy : The Haircut Gap Channel of the Lender of Last Resort
Jasova, Martina; Laeven, Luc; Mendicino, Caterina; … - 2021
We show that lender of the last resort (LOLR) policy contributes to higher bank interconnectedness and systemic risk …
Persistent link: https://www.econbiz.de/10013225855
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Does campaign finance imply political favors?
Claessens, Stijn; Feijen, Erik; Laeven, Luc - 2006
This paper provides empirical evidence that campaign contributions arestrongly associated with market expectations of future firm-specific political favors,including preferential access to external financing. Using a novel dataset, we find thatfirms in Brazil providing contributions in the 1998...
Persistent link: https://www.econbiz.de/10011348347
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Bank Leverage and Monetary Policy's Risk-Taking Channel; Evidence from the United States
Dell'Ariccia, Giovanni; Laeven, Luc; Suarez, Gustavo - International Monetary Fund (IMF) - 2013
We present evidence of a risk-taking channel of monetary policy for the U.S. banking system. We use confidential data …’s survey of terms of business lending. We find that ex-ante risk taking by banks (as measured by the risk rating of the bank …
Persistent link: https://www.econbiz.de/10011242177
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The effect of personal bankruptcy exemptions on investment in home equity
Corradin, Stefano; Gropp, Reint; Huizinga, Harry; … - In: Journal of financial intermediation 25 (2016), pp. 77-98
Persistent link: https://www.econbiz.de/10011714685
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Who invests in home equity to exempt wealth from bankruptcy?
Corradin, Stefano; Gropp, Reint; Huizinga, Harry - 2011
Homestead exemptions to personal bankruptcy allow households to retain their home equity up to a limit determined at the state level. Households that may experience bankruptcy thus have an incentive to bias their portfolios towards home equity. Using US household data from the Survey of Income...
Persistent link: https://www.econbiz.de/10009006623
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Who invests in home equity to exempt wealth from bankruptcy?
Corradin, Stefano; Gropp, Reint; Huizinga, Harry; … - 2013 - This draft: May 2013
Homestead exemptions to personal bankruptcy allow households to retain their home equity up to a limit determined at the state level. Households that may experience bankruptcy thus have an incentive to bias their portfolios towards home equity. Using US household data for the period 1996 to...
Persistent link: https://www.econbiz.de/10010225805
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Principles of Household Debt Restructuring
Laryea, Thomas - 2009
This paper examines the estimated compliance with the macroeconomic convergence targets for 2008, based on estimates contained in the IMF's Regional Economic Outlook: Sub-Saharan Africa (the REO). SADC's regional economic integration agenda includes a macroeconomic convergence program, intended...
Persistent link: https://www.econbiz.de/10014400452