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Enhancing Corporate Governance for Financial Institutions: The Role of International Standards
Alexander, Kern; Dhumale, Rahul - ESRC Centre for Business Research - 2001
The threat of systemic risk in international financial markets necessitates the establishment of universal standards for corporate governance of financial institutions. This paper addresses some important issues and concepts in the governance of multinational financial institutions and why...
Persistent link: https://www.econbiz.de/10005162857
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بحران مالی جهانی و شکست الگوی سرمایه‌داری نئو لیبرال یا آمریکائی
Vahabi, Mehrdad - Volkswirtschaftliche Fakultät, … - 2008
The paper first investigates the causes of the recent financial and liquidity crisis in the US and all over the world …
Persistent link: https://www.econbiz.de/10005835450
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TENET: Tail-Event driven NETwork risk
Härdle, Wolfgang Karl; Sirotko-Sibirskaya, Natalia; … - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2014
We propose a semiparametric measure to estimate systemic interconnectedness across financial institutions based on tail-driven spill-over effects in a ultra-high dimensional framework. Methodologically, we employ a variable selection technique in a time series setting in the context of a...
Persistent link: https://www.econbiz.de/10011075765
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regulatory responses to the financial crisis: an interim assessment
Davies, Howard - Palgrave Macmillan
The global financial crisis that started in 2007 exposed the failure of governments and legislative bodies to regulate the banking industry adequately at a national and global level. Post-crisis reforms and structural changes have ensued: the switch from the G7 to the G20 for example and an...
Persistent link: https://www.econbiz.de/10010861110
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An Empirical Study of Optimal Bank Corrective Action for Indonesia Employing the Dynamic Contingent Claims Model
Hall, Maximilian J. B.; Mustika, Ganjar - In: Review of Pacific Basin Financial Markets and Policies … 08 (2005) 03, pp. 339-376
This study highlights how banking regulation in Indonesia can be improved with a view to enhancing the cost-effectiveness of banking regulation and social welfare, and preventing future financial instability. We employ the Fries, Mella-Barral, and Perraudin (FMP) model (1997) and analyze the...
Persistent link: https://www.econbiz.de/10005080738
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Stressed not Frozen: The Fed Funds Market in the Financial Crisis
Kovner, Anna; Schoar, Antoinette; Afonso, Gara - National Bureau of Economic Research (NBER) - 2010
, we do not find that worse performing banks start hoarding liquidity and indiscriminately reduce their lending. …
Persistent link: https://www.econbiz.de/10008631077
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Crisis Management at Cross-Roads
Ayadi, Rym; Balling, Morten; Caruana, Jaime; Evenepoel, … - SUERF - The European Money and Finance Forum
On 16th November 2009, SUERF, CEPS and the Belgian Financial Forum coorganized a conference "Crisis management at cross-roads" in Brussels. All papers in the present volume are based on contributions at the conference and the SUERF Annual Lecture which followed the event.
Persistent link: https://www.econbiz.de/10008544609
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The Failure of Northern Rock - A Multidimensional Case Study
Eisenbeis, Robert Allen; Taylor, Michael William; … - SUERF - The European Money and Finance Forum
liquidity assistance arrangements. The main focus of the contribution is on bank insolvency and bank crisis management, and the … the central bank, liquidity risk management, the procyclicality of capital requirements, the boundaries of regulation in … liquidity, Goodhart argues that we need incentives for banks to hold more liquid assets in good times so that they can be run …
Persistent link: https://www.econbiz.de/10004982519
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Financing as a Supply Chain: The Capital Structure of Banks and Borrowers
Gornall, William; Strebulaev, Ilya A. - National Bureau of Economic Research (NBER) - 2013
We develop a model of the joint capital structure decisions of banks and their borrowers. Strikingly high bank leverage emerges naturally from the interplay between two sets of forces. First, seniority and diversification reduce bank asset volatility by an order of magnitude relative to that of...
Persistent link: https://www.econbiz.de/10010711816
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Safety-Net Benefits Conferred on Difficult-to-Fail-and-Unwind Banks in the US and EU Before and During the Great Recession
Kane, Edward J.; Carbo-Valverde, Santiago; … - National Bureau of Economic Research (NBER) - 2011
This paper models and estimates ex ante safety-net benefits at a sample of large banks in US and Europe during 2003-2008. Our results suggest that difficult-to-fail and unwind (DFU) banks enjoyed substantially higher ex ante benefits than other institutions. Safety-net benefits prove...
Persistent link: https://www.econbiz.de/10008836380