Showing 1 - 10 of 6,547
In the wake of the global financial crisis that erupted in 2008, there has been extensive commentary and regulatory focus on the 'Too Big to Fail' issue. In this paper, we survey the proposed solutions and regulatory initiatives that have been undertaken. We conduct a longitudinal analysis of...
Persistent link: https://www.econbiz.de/10012022346
This paper documents how traditional and shadow banks interacted with one another during the 2007 financial crisis, when both assets and liabilities flew from shadow to traditional banks. To rationalize their behavior, we propose a simple model which demonstrates the symbiotic coexistence and...
Persistent link: https://www.econbiz.de/10012107660
One important source of systemic risk can arise from asset commonality among financial institutions. This indirect interconnection may occur when financial institutions invest in similar or correlated assets and it is also described as overlapping portfolios. In this paper, we propose a new...
Persistent link: https://www.econbiz.de/10013373564
Based on a unique dataset of legislative changes in industrial countries, we identify events that strengthen the competition control of mergers and acquisitions, analyze their impact on banks and non-financial firms and explain the different reactions observed with specific regulatory...
Persistent link: https://www.econbiz.de/10010298387
There is a long-standing debate about the special nature of banks. Based on a unique dataset of legislative changes in industrial countries, we identify events that strengthen competition policy, analyze their impact on banks and non-financial firms and explain the reactions observed with...
Persistent link: https://www.econbiz.de/10011604832
Accounting standard setters are considering the wider use of fair value accounting. This paper focuses on the financial stability implications of a move in the banking sector from the current accounting framework to full fair value accounting. A simulation exercise is performed on how various...
Persistent link: https://www.econbiz.de/10011606165
Using a model based on the work of Duarte and Eisenbach (2015), I stress test the Canadian banking system using publicly available data from 1996 to 2015. I find that the Canadian banking system is resilient to all but the most extreme event. This is because (i) strong macroprudential regulation...
Persistent link: https://www.econbiz.de/10011939432
Der kurzfristig abgesagte Börsengang der Ant Group im November 2020 hat für Aufsehen an den internationalen Finanzmärkten gesorgt. Ant Group ist das auf Finanzdienstleistungen spezialisierte Tochterunternehmen eines großen chinesischen Technologiekonzerns. Eine Regulierungsänderung, die die...
Persistent link: https://www.econbiz.de/10014501349
The establishment of a Capital Markets Union (CMU) is a high-priority project of the European Commission. CMU should foster additional non-bank sources of finance, mobilize private savings more efficiently and enhance capital market integration. Although more integration is needed, the...
Persistent link: https://www.econbiz.de/10011292921
Complexity of banks can have important ramifications for the performance and the risks of the banking system. Financial sector reforms that were implemented in the past decade have thus aimed to reduce and to better manage the risk implications of bank complexity. Yet, surprisingly little is...
Persistent link: https://www.econbiz.de/10012520294