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Before we can reform the financial system, we need to understand what banks do; or, better, what banks should do. This paper will examine the later work of Hyman Minsky at the Levy Institute, on his project titled “Reconstituting the United States’ Financial Structure.” This led to a...
Persistent link: https://www.econbiz.de/10008657990
Why do large European banks lobby for monetary union? We show in a game-theoretic model that monetary union can trigger a change in the structure of the market for international banking transactions with asymmetric effects on profits: large banks are induced to cooperate internationally and gain...
Persistent link: https://www.econbiz.de/10009774713
The application, or to be more precise, the misapplication of securitization in the mortgage market had fatal consequences for the financial sector worldwide. More over securitization techniques enabled single banks to reduce their individual risk while at the same time transferred greater risk...
Persistent link: https://www.econbiz.de/10011459525
The international tendency towards the deregulation of restrictions and administrative settlements has suppressed the barriers between national financial markets. The adoption of a common currency and the rapid spread of new technologies lead to intense competition, imposing the acceleration of...
Persistent link: https://www.econbiz.de/10011470954
The authors use simulations within the BoC-GEM-FIN, the Bank of Canada's version of the Global Economy Model with … changing bank regulations on the Canadian economy. Specifically, they compute short- and long-run impacts on key macroeconomic … that, while long-run effects on bank loans, lending spreads, investment, and output are modest, the short-run effects are …
Persistent link: https://www.econbiz.de/10008760522
Basically, shadow banking is an original kind of business organization, or better a set of institutions and markets, finalized to disinvest fixed assets and convey them to the financial markets. Nowadays, tackling the subject means penetrating the hard core of financialization. Shadow banking...
Persistent link: https://www.econbiz.de/10011494440
Before we can reform the financial system, we need to understand what banks do; or, better, what banks should do. This paper will examine the later work of Hyman Minsky at the Levy Institute, on his project titled “Reconstituting the United States' Financial Structure.” This led to a number...
Persistent link: https://www.econbiz.de/10013138874
This chapter documents some little known features of bank governance involving bank boards and describes regulation and … laws that are likely to influence bank governance. It also describes how organizational form and activities of banks may … influence bank boards and provides some new evidence on these influences. The chapter points out some potential problems with …
Persistent link: https://www.econbiz.de/10013116449
the most dynamic areas of bank activity. The aim of this article is to present an existing situation and perspectives for …
Persistent link: https://www.econbiz.de/10013098213
to supervision and resolution of international banks. International financial institutions, like the Bank for … European Central Bank is currently assuming the financial stability mandate for the European banking system …
Persistent link: https://www.econbiz.de/10013084044