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Systemic risk and liquidity in payment systems
Afonso, Gara (contributor); Shin, Hyun Song (contributor) - 2008
in the demand for intraday credit and, ultimately, a disruption of payments. Additionally, we find that when a bank is … identified as vulnerable to failure and other banks choose to cancel payments to that bank, there are systemic repercussions for …
Persistent link: https://www.econbiz.de/10003781793
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Which financial frictions? : parsing the evidence from the financial crisis of 2007-09
Adrian, Tobias; Colla, Paolo; Shin, Hyun Song - 2011
suggests that although bank lending contracted during the crisis, bond financing actually increased to make up much of the gap …
Persistent link: https://www.econbiz.de/10009411381
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Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007-09
Adrian, Tobias - 2012
suggests that although bank lending contracted during the crisis, bond financing actually increased to make up much of the gap …
Persistent link: https://www.econbiz.de/10013113163
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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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Crisis Resolution and Bank Liquidity
Acharya, Viral V. - 2010
bank failures. The gains from acquiring assets at fire-sale prices make it attractive for banks to hold liquid assets. The … resulting choice of bank liquidity is counter-cyclical, inefficiently low during economic booms but excessively high during … ex post, they affect bank liquidity in subtle ways: Liquidity support to failed banks or unconditional support to …
Persistent link: https://www.econbiz.de/10013148772
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Liquidity and Financial Cycles
Adrian, Tobias; Shin, Hyun Song - 2013
In a financial system where balance sheets are continuously marked to market, asset price changes show up immediately in changes in net worth, and elicit responses from financial intermediaries, who adjust the size of their balance sheets. We document evidence that marked to market leverage is...
Persistent link: https://www.econbiz.de/10014216388
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Financial Intermediation and the Post-Crisis Financial System
Shin, Hyun Song - 2013
Securitization was meant to disperse credit risk to those who were better able to bear it. In practice, securitization appears to have concentrated the risks in the financial intermediary sector itself. This paper outlines an accounting framework for the financial system for assessing the impact...
Persistent link: https://www.econbiz.de/10013094784
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Securitisation and financial stability
Shin, Hyun Song - In: The economic journal : the journal of the Royal … 119 (2009), pp. 309-332
Persistent link: https://www.econbiz.de/10003818052
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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 Payout Policies
Gambacorta, Leonardo; Oliviero, Tommaso; Shin, Hyun Song - 2021
hypothetical exercise with fixed balance sheet ratios, we find that a complete suspension of bank dividends in 2020 during the … Covid-19 pandemic would have added, under different stress scenario, an additional US$ 0.8–1.1 trillion of bank lending …
Persistent link: https://www.econbiz.de/10013242088