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Determinants of structured finance issuance: A cross-country comparison
Schuetz, Sebastian A. - 2011
Especially structured finance instruments were blamed as main reason for the financial crisis 2007, but the understanding for the motivation to originate securitization products is less discovered. Therefor this paper tries to identify main balance sheet characteristics of structured finance...
Persistent link: https://www.econbiz.de/10010286571
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Liquidity premia in CDS markets
Kamga, Merlin Kuate; Wilde, Christian - 2017
We develop a state-space model to decompose bid and ask quotes of CDS into two components, fair default premium and … liquidity premium. This approach gives a better estimate of the default premium than mid quotes, and it allows to disentangle … and compare the liquidity premium earned by the protection buyer and the protection seller. In contrast to other studies …
Persistent link: https://www.econbiz.de/10011699047
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Influence of the economic and financial condition of strategic shareholders upon the market value of commercial banks in the Polish banking sector
Korzeb, Zbigniew - In: e-Finanse: Financial Internet Quarterly 10 (2014) 2, pp. 38-43
The objective of the paper is to analyse the influence of information about economic and financial problems of strategic shareholders upon the market value of commercial banks operating in the Polish banking sector. The analysis included fourteen such cases from the years 2007 - 2014. The...
Persistent link: https://www.econbiz.de/10011551429
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Caught in the US subprime meltdown 2007/2008: Germany loses its wallet but escapes major Harm
Kooths, Stefan; Rieger, Matthias - 2008
The ongoing financial crisis so far cost the German financial sector 38 billion Euros due to losses on its mortgage-related subprime bank exposures. This paper looks for the impact of these losses on the real sector of the economy. First, the financial sector is looked at as part of the overall...
Persistent link: https://www.econbiz.de/10010265032
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The international monetary (non-)order and the global capital flows paradox”
Bibow, Jörg - 2008
This paper sets out to investigate the forces behind the so-called "global capital flows paradox" and related "dollar glut" observed in the era of advancing financial globalization. The supposed paradox is that the developing world has increasingly come to pursue policies that result in current...
Persistent link: https://www.econbiz.de/10010266438
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(How) Do the ECB and the Fed React to Financial Market Uncertainty? – The Taylor Rule in Times of Crisis
Belke, Ansgar; Klose, Jens - 2010
We assess differences that emerge in Taylor rule estimations for the Fed and the ECB before and after the start of the subprime crisis. For this purpose, we apply an explicit estimate of the equilibrium real interest rate and of potential output in order to account for variations within these...
Persistent link: https://www.econbiz.de/10010269998
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Managerial Prudence under Banking Regulation
Buck, Florian - 2010
This article provides a theoretical framework to analyze the impact of banking regulation on the risk-taking behavior of banks by incorporatig the incentives of three risk-neutral agents - the welfaristic regulator, the shareholder and the manager. While shareholders are assumed to maximize the...
Persistent link: https://www.econbiz.de/10010270744
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(How) do the ECB and the Fed react to financial market uncertainty? The Taylor rule in times of crisis
Belke, Ansgar; Klose, Jens - 2010
We assess differences that emerge in Taylor rule estimations for the Fed and the ECB before and after the start of the subprime crisis. For this purpose, we apply an explicit estimate of the equilibrium real interest rate and of potential output in order to account for variations within these...
Persistent link: https://www.econbiz.de/10010271583
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Do financial counseling mandates improve mortgage choice and performance? Evidence from a legislative experiment
Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2009
We explore the effects of mandatory third-party review of mortgage contracts on the terms, availability, and performance of mortgage credit. Our study is based on a legislative experiment in which the State of Illinois required 'high-risk' mortgage applicants acquiring or refinancing properties...
Persistent link: https://www.econbiz.de/10010292159
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(How) do the ECB and the fed react to financial market uncertainty? The Taylor rule in times of crisis
Belke, Ansgar; Klose, Jens - 2010
We assess differences that emerge in Taylor rule estimations for the Fed and the ECB before and after the start of the subprime crisis. For this purpose, we apply an explicit estimate of the equilibrium real interest rate and of potential output in order to account for variations within these...
Persistent link: https://www.econbiz.de/10010327340