Narrow search
Showing 1 - 10 of 1,772
Cover Image
Securitization and lending standards: evidence from the wholesale loan market
Kara, Alper; Marqués-Ibáñez, David; Ongena, Steven - 2011
We investigate the effect of securitization activity on banks’ lending standards using evidence from pricing behavior … aggressive on their loan pricing practices. This suggests that securitization activity lead to laxer credit standards …. Macroeconomic factors also play a large role explaining the impact of securitization activity on bank lending standards: banks more …
Persistent link: https://www.econbiz.de/10011605408
Cover Image
Fallacies, irrelevant facts, and myths in the discussion of capital regulation: Why bank equity is not expensive
Admati, Anat R.; DeMarzo, Peter M.; Hellwig, Martin; … - 2010
We examine the pervasive view that equity is expensive which leads to claims that high capital requirements are costly and would affect credit markets adversely. We find that arguments made to support this view are either fallacious, irrelevant, or very weak. For example, the return on equity...
Persistent link: https://www.econbiz.de/10010286715
Cover Image
The Relationship between Bank Capital, Risk-Taking, and Capital Regulation: A Review of the Literature
Stolz, Stéphanie - 2002
Bank capital regulation seems to be today's most accepted regulatory instrument. The reasoning is that limited liability and deposit insurance appear to give banks incentives for excessive risk-taking. Capital requirements can alleviate this problem as banks are obliged to hold more capital...
Persistent link: https://www.econbiz.de/10010260495
Cover Image
Optimal bank capital
Miles, David; Yang, Jing; Marcheggiano, Gilberto - 2011
This paper reports estimates of the long-run costs and benefits of banks funding more of their assets with loss-absorbing capital, or equity. Measuring those costs requires careful consideration of a wide range of issues about how shifts in funding affect required rates of return and on how...
Persistent link: https://www.econbiz.de/10010277870
Cover Image
Performance and regulatory effects of non-compliant loans in German synthetic mortgage-backed securities transactions
Trinkaus, Gaby - 2010
Over the term of a securitization transaction, the concept of non-compliance allows a securitizing bank to classify a …
Persistent link: https://www.econbiz.de/10010301353
Cover Image
Main flaws of the collateralized debt obligation's valuation before and during the 2008/2009 global turmoil
Benešová, Petra; Teplý, Petr - 2010
As a result of the 2008 financial crisis, the world credit markets stalled significantly and raised the doubts of market participants and policymakers about the proper and fair valuation of financial derivatives and structured products such as collateralized debt obligations (CDOs). The aim of...
Persistent link: https://www.econbiz.de/10010322285
Cover Image
Verbriefungen: eine Finanzinnovation und ihre fatalen Folgen
Erber, Georg - In: DIW Wochenbericht 75 (2008) 43, pp. 668-677
Die weltweite Finanzmarktkrise beruht zu einem wesentlichen Teil auf dem Handel mit Verbriefungen, deren Risiken aufgrund manipulierter Ratings erheblich unterschätzt wurden. Die Ursachen der Krise sind demnach weitgehend unstrittig; das Ausmaß der Krise lässt sich aber gegenwärtig kaum...
Persistent link: https://www.econbiz.de/10011601903
Cover Image
Der Wettbewerb um schwache Regulierung hat uns geschadet: Sechs Fragen an Georg Erber
Wittenberg, Erich; Erber, Georg - In: DIW Wochenbericht 75 (2008) 43, pp. 669
Persistent link: https://www.econbiz.de/10011601904
Cover Image
Bank risk-taking, securitization, supervision and low interest rates: Evidence from the euro area and the U.S. lending standards
Maddaloni, Angela; Peydró, José-Luis - 2010
securitization activity, weak supervision for bank capital and too low for too long monetary policy rates. Conversely, low long …
Persistent link: https://www.econbiz.de/10011605294
Cover Image
The mortgage rate conundrum
Justiniano, Alejandro; Primiceri, Giorgio E.; … - 2017
We document the emergence of a disconnect between mortgage and Treasury interest rates in the summer of 2003. Following the end of the Federal Reserve expansionary cycle in June 2003, mortgage rates failed to rise according to their historical relationship with Treasury yields, leading to...
Persistent link: https://www.econbiz.de/10012030332