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Bank insolvencies, regulatory forbearance and ambiguity
Vinogradov, Dmitri V. - 2006 - This version: September 14, 2006
Banking regulators often practice forbearance and ambiguity in insolvency resolutions. The paper examines the effects … of regulatory forbearance and ambiguity in a context of allocational efficiency. Bailouts, liquidations and their … stochastic policy mix lead to suboptimal allocations if banks do not internalize insolvency costs. The policy of forbearance may …
Persistent link: https://www.econbiz.de/10003393906
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Collateralized Debt Networks with Lender Default
Chang, Jin-Wook - 2020
The Lehman Brothers' bankruptcy triggered the failure of the collateralized debt markets, which was a major contributor of the financial crisis in 2008. Such collateralized debt markets have both collateral price channel and counterparty (borrower and lender) channel of contagion. I propose a...
Persistent link: https://www.econbiz.de/10012847363
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Banking reform
Jackson, Patricia; Davies, Howard; Miles, David; … - SUERF Conference on Banking Reform <2015, London>; … - 2016
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame … Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial … College) gave the SUERF 2015 Annual Lecture on Capital and Banks. The conference focused on core aspects of banking reform …
Persistent link: https://www.econbiz.de/10011554963
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A Theory of Bank Illiquidity and Default with Hidden Trades
Panetti, Ettore - 2020
banking system to aggregate liquidity shocks? And what are the implications, if any, for banking regulation? To answer these …
Persistent link: https://www.econbiz.de/10012857273
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States, banks, and the financing of the economy : monetary policy and regulatory perspectives
Balling, Morten (ed., introduction);  … - Colloquium "States, Banks and the Financing of the …; … - 2013
On 5-6 September 2012 SUERF held its 30th Colloquium "States, Banks, and the Financing of the Economy" at the University of Zürich, Switzerland. The papers included in this SUERF Study are based on contributions to the Colloquium. All the chapters in this publication discuss from different...
Persistent link: https://www.econbiz.de/10011711721
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Efficiency and Probability of Default in Cooperative Banking
Fiordelisi, Franco - 2013
Cooperative banks are small and their survival is not guaranteed by the "Too Big To Fail" policy so that their default can be concrete in time of crises. We analyze the contribution of efficiency to cooperative bank probability of default. We estimate several measures of bank efficiency...
Persistent link: https://www.econbiz.de/10013093780
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Housing Default : Theory Works and So Does Policy
Goodman, Allen C. - 2012
Using a national loan level data set we examine loan default as explained by local demographic characteristics and state level legislation that regulates foreclosure procedures and predatory lending through a hierarchical linear model. We observe significant variation in the default rate across...
Persistent link: https://www.econbiz.de/10013096484
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Financial Firm Bankruptcy and Contagion
Helwege, Jean - 2012
The Lehman bankruptcy highlights the potential for interconnectedness among financial firms to cause a financial crisis. Previous research shows that Chapter 11 filings cause significant negative externalities, consistent with a strong role for counterparty contagion. However, the effects may...
Persistent link: https://www.econbiz.de/10013109248
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Financial Firm Bankruptcy and Contagion
Helwege, Jean - 2013
The Lehman bankruptcy highlights the potential for interconnectedness to cause negative externalities through counterparty contagion, but the externalities may also arise from information contagion. We examine contagion from troubled financial firms and find that counterparty contagion is...
Persistent link: https://www.econbiz.de/10013090358
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Preface To : Subprime Mortgages, Market Impact, and Safety Nets
Watson, Ronald D. - 2009
The US financial system is undergoing a painful restructuring as credit losses originating in the mortgage finance sector of the economy grow ever larger. A combination of factors including general prosperity, demographic shifts in demand for housing, low interest rates, innovations in mortgage...
Persistent link: https://www.econbiz.de/10013155454