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Shadow banking: Financial intermediation beyond banks
Jokivuolle, Esa (contributor) - 2018
Shadow banking is a broad concept. A possible definition is that it comprises non-bank institutions which undertake bank-like activities. Another characteristic is that the sector is overall less regulated. Therefore there are still shortcomings in systematic collection of information of the sector.
Persistent link: https://www.econbiz.de/10011985212
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On the coexistence of banks and markets
Gersbach, Hans; Uhlig, Harald - 2006
We examine the coexistence of banks and financial markets, studying a credit market where the qualities of investment projects are not observable and the investment decisions of entrepreneurs are not contractible. Standard banks can alleviate moral-hazard problems by securing a portion of a...
Persistent link: https://www.econbiz.de/10010263646
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Accounting for financial stability: Lessons from the financial crisis and future challenges
Bischof, Jannis; Laux, Christian; Leuz, Christian - 2020
, banks' disclosures about relevant risk exposures were relatively sparse. Such disclosures came later after major concerns …
Persistent link: https://www.econbiz.de/10012290508
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Lessons from international central counterparties: Benchmarking and analysis
Lazarow, Alexandre - 2011
Since the financial crisis, attention has focused on central counterparties (CCPs) as a solution to systemic risk for a … risk. …
Persistent link: https://www.econbiz.de/10010289684
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Securitization, Deregulation, Economic Stability, and Financial Crisis. Part I: The evolution of securitization
Tymoigne, Eric - 2009
This study analyzes the trends in the financial sector over the past 30 years, and argues that unsupervised financial innovations and lenient government regulation are at the root of the current financial crisis and recession. Combined with a long period of economic expansion during which...
Persistent link: https://www.econbiz.de/10010281704
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Securitization, Deregulation, Economic Stability, and Financial Crisis. Part II: Deregulation, the financial crisis, and policy implications
Tymoigne, Eric - 2009
This study analyzes the trends in the financial sector over the past 30 years, and argues that unsupervised financial innovations and lenient government regulation are at the root of the current financial crisis and recession. Combined with a long period of economic expansion during which...
Persistent link: https://www.econbiz.de/10010281724
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Interbank lending, credit risk premia and collateral
Heider, Florian; Hoerova, Marie - 2009
We study the functioning of secured and unsecured inter-bank markets in the presence of credit risk. The model … decouple across secured and unsecured markets following an adverse shock to credit risk. The scarcity of underlying collateral …
Persistent link: https://www.econbiz.de/10011605153
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Liquidity hoarding and interbank market spreads: the role of counterparty risk
Heider, Florian; Hoerova, Marie; Holthausen, Cornelia - 2009
banks to have private information about the risk of their assets. We show how banks’ asset risk affects funding liquidity in …We study the functioning and possible breakdown of the interbank market in the presence of counterparty risk. We allow … state with adverse selection and elevated rates; and iii) market breakdown with liquidity hoarding. We provide an …
Persistent link: https://www.econbiz.de/10011605172
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Padrão de financiamento e exposição cambial das empresas brasileiras a partir da crise de 2008
Filho, Edison Benedito da Silva - 2012
This paper aims to examine the evolution of currency risk exposure of Brazilian corporations, especially exporting …
Persistent link: https://www.econbiz.de/10010330592
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Crises in the modern financial ecosystem
di Iasio, Giovanni; Pozsar, Zoltan - 2017
We build a moral hazard model to study incentives of financial intermediaries (shortly, bankers) facing a leverage-insurance trade-off in their investment choice. We demonstrate that the choice is affected by two recent transformations of the financial ecosystem bankers inhabit: (i) the rise of...
Persistent link: https://www.econbiz.de/10011984843