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Models of financial stability and their application in stress tests
Aymanns, Christoph; Farmer, J. Doyne; Kleinnijenhuis, … - 2017
We review heterogeneous agent-based models of financial stability and their application in stress tests. In contrast to the mainstream approach, which relies heavily on the rational expectations assumption and focuses on situations where it is possible to compute an equilibrium, this approach...
Persistent link: https://www.econbiz.de/10011906282
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Diversity in finance : an overview
Schmidt, Reinhard H. - In: Vierteljahrshefte zur Wirtschaftsforschung 87 (2018) 4, pp. 9-23
This paper aspires to provide an overview of the issue of diversity of banking and financial systems and its development over time from a positive and a normative perspective. In other word: how different are banks within a given country and how much do banking systems and entire financial...
Persistent link: https://www.econbiz.de/10012153474
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Financial system architecture and the patterns of international trade
Amissah, Emmanuel Bentum; Bougheas, Spiros P.; Defever, … - 2016
Countries differ on the extent to which their financial system relies on banks or on the financial market. We offer a model featuring a possible two way relationship between countries' financial system architecture and their comparative advantage. Countries specialising in bank dependent sectors...
Persistent link: https://www.econbiz.de/10011492076
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Peculiarities and trends of banking systems development
Arkhipov, Artem; Arkhipova, Natalia; Karminsky, Alexander - In: Risk assessment and financial regulation in emerging …, (pp. 3-31). 2021
increased degree of convergence in financial systems in developed and developing countries in what concerns main KPIs. That …
Persistent link: https://www.econbiz.de/10012591564
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Central clearing and systemic liquidity risk
King, Thomas B.; Nesmith, Travis D.; Paulson, Anna Louise; … - 2019
By stepping between bilateral counterparties, a central counterparty (CCP) transforms credit exposure. CCPs generally improve financial stability. Nevertheless, large CCPs are by nature concentrated and interconnected with major global banks. Moreover, although they mitigate credit risk, CCPs...
Persistent link: https://www.econbiz.de/10012130105
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The rents of banking : a public choice approach to bank regulation
Buck, Florian Christopher - 2015
The rise of a crisis-prone banking sector and its political power has received significant attention following the most recent financial crisis. The crisis sparked a growing interest in understanding how and why we have created a world of large, unstable banks. Excessive banking activity arose...
Persistent link: https://www.econbiz.de/10011742914
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Cooperative credit banks and economic fluctuations : the Italian case
Caporale, Guglielmo Maria; Alessi, Matteo - 2024
This paper analyses lending behaviour and economic fluctuations in the Italian banking system as a whole and in the case of the Cooperative Credit Banks (CCBs) using time series data from 2000Q1 to 2022Q4. The specified models include the main determinants of loans to households and firms. In...
Persistent link: https://www.econbiz.de/10014478293
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African stock market performance dynamics : a multidimensional convergence assessment
Asongu, Simplice A. - 2012
This paper dissects with great acuteness, the issues of convergence in financial performance dynamics in the African … (Christianity and Islam). Findings provide partial support for the existence of absolute convergence in some dynamics. Only sub …-Saharan Africa reveals conditional convergence in relation to per capita number of listed companies. The speed of convergence for the …
Persistent link: https://www.econbiz.de/10011410266
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Is financial globalization in reverse after the 2008 global financial crisis? : evidence from corporate valuations
Doidge, Craig; Karolyi, G. Andrew; Stulz, René M. - 2020
For the last two decades, non-US firms have lower valuations than similar US firms. We study the evolution of this valuation gap to assess whether financial markets are less integrated after the 2008 global financial crisis (GFC). The valuation gap for firms from developed markets increases by...
Persistent link: https://www.econbiz.de/10012216663
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Operational disruption and the Hungarian real time gross settlement system (VIBER)
Lublóy, Ágnes (contributor); Tanai, Eszter (contributor) - 2008
Central bankers wish to ensure worldwide that large-value transfer systems, as a component of the key market infrastructure, exhibit sufficiently robust levels of operational resilience. We focus on the operational resilience of the Hungarian real time gross settlement system, known as VIBER....
Persistent link: https://www.econbiz.de/10003774184