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Strategic complementarity, fragility, and regulation
Vives, Xavier - 2011
disclosure or introducing a derivatives market may backfire, aggravating fragility (in particular when the asset side of a …
Persistent link: https://www.econbiz.de/10010277386
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Bank instability : interbank linkages and the role of disclosure
König-Kersting, Christian; Trautmann, Stefan T.; … - 2020
We study the impact of disclosure about bank fundamentals on depositors' behavior in the presence (and absence) of … disclosure is conducive to bank stability. We find that bank deposits are sensitive to perceived bank performance. While banks … with strong fundamentals benefit from more precise disclosure, an opposing effect is present for solvent banks with weaker …
Persistent link: https://www.econbiz.de/10012250923
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Change and Crisis in the Japanese Banking Industry
Krawczyk, Mariusz K. - 2004
The weakness of the Japanese banking industry, suffering from acute problem of non-performing loans, prevents Japan from restoring sound growth rates despite having undertaken structural reforms and substantial fiscal policy efforts, and, through impairing transmission channels of monetary...
Persistent link: https://www.econbiz.de/10010295410
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Estimating Bilateral Exposures in the German Interbank Market: Is there a Danger of Contagion?
Upper, Christian; Worms, Andreas - 2002
Credit risk associated with interbank lending may lead to domino effects, where the failure of one bank results in the failure of other banks not directly affected by the initial shock. Recent work in economic theory shows that this risk of contagion depends on the precise pattern of interbank...
Persistent link: https://www.econbiz.de/10010295726
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The marketability of bank assets and managerial rents: implications for financial stability
Fecht, Falko; Wagner, Wolf - 2007
Ongoing financial innovation and greater information availability increase the tradability of bank assets and reduce banks' dependence on individual bank managers as private information in the lending process declines. In this paper we argue that this has two effects on banks, with opposing...
Persistent link: https://www.econbiz.de/10010295931
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Auf der Suche nach der optimalen Finanzmarktaufsicht
Hartung, Thomas; Sell, Friedrich L. - 2008
In diesem Beitrag werden mögliche ordnungspolitische Konsequenzen der Finanzmarktkrise in Folge der Turbulenzen auf dem US-amerikanischen Hypothekenkreditmarkt diskutiert. Zunächst erläutern die Autoren theoretisch und empirisch die Phänomene der Bankenkrisen und der Ansteckung in einem...
Persistent link: https://www.econbiz.de/10010300411
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Completeness, interconnectedness and distribution of interbank exposures: A parameterized analysis of the stability of financial networks
Sachs, Angelika - 2010
This paper assesses the impact of a certain structure of interbank exposures on the stability of a stylized financial system. Given a certain balance sheet structure of financial institutions, a large number of valid matrices of interbank exposures is created by a random generator. Assuming a...
Persistent link: https://www.econbiz.de/10010302604
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Autonomously Interacting Banks
Lengwiler, Yvan; Maringer, Dietmar - 2011
The great financial turmoil that started 2007 has brought bank regulation back into the political debate. There is talk about imposing new regulations on banks and other financial intermediaries. Yet, we are not convinced that it is completely understood how the existing regulation affects...
Persistent link: https://www.econbiz.de/10011390660
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Quantifying the impact of higher capital requirements on the Swiss economy
Junge, Georg; Kugler, Peter - 2012
So far the discussion in Switzerland about the social costs and benefits of higher capital requirements resulting from the new Basel III Accord and the Swiss Too Big To Fail legislation has been heavily qualitative. This paper provides a quantitative view and estimates the long-run costs and...
Persistent link: https://www.econbiz.de/10011390676
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Bank Ownership and Financial Stability
Perotti, Enrico; Vorage, Marcel - 2010
We study a politician's choice for state or private control of banks. The choice trades of lobbying contributions against social welfare, weighted by political accountability.Politicians facing few constraints prefer state control to maximize their rents. As state banks are less efficient, at...
Persistent link: https://www.econbiz.de/10010325737