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Stressed Out : Macroprudential Principles for Stress Testing
Greenlaw, David - 2013
Since the conference version of this report in February 2011, bank stress tests have been almost continuously in the …
Persistent link: https://www.econbiz.de/10013091615
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Bank Capital and Dividend Externalities
Acharya, Viral V. - 2016
channel, one bank's capital policy affects the equity value and risk of default of other banks. In a model where such … externalities are strong, bank capital takes on the attribute of a public good, where the private equilibrium features excessive … implications of the model with observed bank behavior during the crisis of 2007-09 …
Persistent link: https://www.econbiz.de/10012983304
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Aligning Incentives at Systemically Important Financial Institutions
Baily, Martin Neil - 2013
forfeited if the bank does not meet its capital requirements. This memo underscores the benefits of contingent deferred …
Persistent link: https://www.econbiz.de/10013084413
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Low price-to-book ratios and bank dividend payouts : economic policy implications
Gambacorta, Leonardo; Oliviero, Tommaso; Shin, Hyun Song - In: Economic policy 38 (2023) 115, pp. 675-701
Persistent link: https://www.econbiz.de/10014526016
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Effectiveness of Macroprudential and Capital Flow Measures in Asia and the Pacific
Bruno, Valentina - 2015
-border lending, bank credit and total credit.Full publication: 'http://ssrn.com/abstract=2668657' Cross-Border Financial Linkages …
Persistent link: https://www.econbiz.de/10013014429
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Comparative Assessment of Macroprudential Policies
Bruno, Valentina - 2015
This paper provides a comparative assessment of the effectiveness of macroprudential policies in 12 Asia-Pacific economies, using comprehensive databases of domestic macroprudential policies and capital flow management (CFM) policies. We find that banking sector CFM polices and bond market CFM...
Persistent link: https://www.econbiz.de/10013021207
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Capital Flows, Cross-Border Banking and Global Liquidity
Bruno, Valentina; Shin, Hyun Song - National Bureau of Economic Research (NBER) - 2013
We investigate global factors associated with cross-border capital flows. We formulate a model of gross capital flows through the international banking system and derive a closed form solution that highlights the leverage cycle of global banks as being a prime determinant of the transmission of...
Persistent link: https://www.econbiz.de/10010696633
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Theory of supply chains : a working capital approach
Kim, Se-Jik; Shin, Hyun Song - 2023
This paper presents a "time-to-build" theory of supply chains which implies a key role for the financing of working capital as a determinant of supply chain length. We apply our theory to offshoring and trade, where firms strike a balance between the productivity gain due to offshoring against...
Persistent link: https://www.econbiz.de/10014254549
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The Shadow Banking System : Implications for Financial Regulation
Adrian, Tobias - 2010
The current financial crisis has highlighted the growing importance of the 'shadow banking system,' which grew out of the securitization of assets and the integration of banking with capital market developments. This trend has been most pronounced in the United States, but it has had a profound...
Persistent link: https://www.econbiz.de/10013151926
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Dividends and Bank Capital in the Financial Crisis of 2007-2009
Acharya, Viral V.; Gujral, Irvind; Kulkarni, Nirupama; … - National Bureau of Economic Research (NBER) - 2011
-funded capital injections. However, on closer inspection the composition of bank capital shifted radically from one based on common …
Persistent link: https://www.econbiz.de/10008868166