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Measuring Macroprudential Risk : Financial Fragility Indexes
Tymoigne, Eric - 2011
risk and to detect macrofinancial problems has become a central concern. In the United States, this concern has been …
Persistent link: https://www.econbiz.de/10013128524
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Dealing with financial crises : how much help from research?
Pagano, Marco - 2014
Has economic research been helpful in dealing with the financial crises of the early 2000s? On the whole, the answer is negative, although there are bright spots. Economists have largely failed to predict both crises, largely because most of them were not analytically equipped to understand...
Persistent link: https://www.econbiz.de/10010413174
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LIBOR : origins, economics, crisis, scandal, and reform
Hou, David; Skeie, David - 2014
The London Interbank Offered Rate (LIBOR) is a widely used indicator of funding conditions in the interbank market. As of 2013, LIBOR underpins more than $300 trillion of financial contracts, including swaps and futures, in addition to trillions more in variable-rate mortgage and student loans....
Persistent link: https://www.econbiz.de/10010393220
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Short-selling bans and bank stability
Beber, Alessandro; Fabbri, Daniela; Pagano, Marco; … - 2018
In both the subprime crisis and the euro-area crisis, regulators imposed bans on short sales, aimed mainly at preventing stock price turbulence from destabilizing financial institutions. Contrary to the regulators' intentions, financial institutions whose stocks were banned experienced greater...
Persistent link: https://www.econbiz.de/10011978462
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Will financial liberalization trigger the first crisis in the People's Republic of China? : lessons from cross-country experiences
Gou, Qin; Huang, Yiping - 2018
The People's Republic of China (PRC) is beginning a new wave of financial liberalization, which is necessary to support strong economic growth, but will financial liberalization lead to major financial crises, as happened in many middle-income countries? The empirical examinations conducted in...
Persistent link: https://www.econbiz.de/10011804485
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Financial crisis resolution
Schroth, Josef - 2012
This paper studies a dynamic version of the Holmstrom-Tirole model of intermediated finance. I show that competitive equilibria are not constrained efficient when the economy experiences a financial crisis. A pecuniary externality entails that banks' desire to accumulate capital over time...
Persistent link: https://www.econbiz.de/10009691196
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Transatlantic systemic risk
Gehde-Trapp, Monika; Wewel, Claudio Nicolai - 2013 - This version: June 12, 2013
In this paper we study systemic risk for the US and Europe. We show that banks' exposures to common risk factors are … crucial for systemic risk. We come to this conclusion by first showing that relations between US and European banks are … than US ones. Regarding the consequences of systemic risk, we show that dependence between the banking sector and a wide …
Persistent link: https://www.econbiz.de/10009784871
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End of the sovereign-bank doom loop in the European Union? : the bank recovery and resolution directive
Covi, Giovanni; Eydam, Ulrich - 2016
In this paper we examine the relationship between the default risk of banks and sovereigns, i.e. the 'doom …
Persistent link: https://www.econbiz.de/10011482170
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Financial Crisis of 2007-2010
Chang, Winston W. - 2011
lending, predatory lending, deregulation and lax regulation, incorrect risk pricing, collapse of the shadow banking system and … systemic risk. The impacts to be examined include the major financial institutions, the financial wealth, the economies of the …
Persistent link: https://www.econbiz.de/10013131580
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Bank Failure, Mark-to-Market and the Financial Crisis
Amel-Zadeh, Amir - 2011
augmented by empirical tests that suggest that mark-to-market accounting does not increase the perceived bankruptcy risk of …
Persistent link: https://www.econbiz.de/10013134255