Narrow search
Showing 1 - 10 of 4,931
Cover Image
Quantifying contagion risk in funding markets : a model-based stress-testing approach
Anand, Kartik; Gauthier, Céline; Souissi, Moez - 2015
We propose a tractable, model-based stress-testing framework where the solvency risks, funding liquidity risks and market risks of banks are intertwined. We highlight how coordination failure between a bank's creditors and adverse selection in the secondary market for the bank's assets interact,...
Persistent link: https://www.econbiz.de/10011304764
Cover Image
Uncertainty as Commitment
Nosal, Jaromir B. - 2013
Time-inconsistency of no-bailout policies can create incentives for banks to take excessive risks and generate endogenous crises when the government cannot commit. However, at the outbreak of financial problems, usually the government is uncertain about their nature, and hence it may delay...
Persistent link: https://www.econbiz.de/10013085550
Cover Image
Bank risk-taking, securitization, supervision and low interest rates: Evidence from the euro area and the U.S. lending standards
Maddaloni, Angela; Peydró, José-Luis - 2010
Using a unique dataset of the Euro area and the U.S. bank lending standards, we find that low (monetary policy) short-term interest rates soften standards, for household and corporate loans. This softening – especially for mortgages – is amplified by securitization activity, weak supervision...
Persistent link: https://www.econbiz.de/10011605294
Cover Image
Optimal bank capitalization in crowded markets
Bertsch, Christoph; Mariathasan, Mike - 2015 - Updated December 2017
We study banks' optimal equity buffer in general equilibrium and their response to under-capitalization. Making progress towards a "pecking order theory" for private recapitalizations, our benchmark model identifies equity issuance as individually and socially optimal, compared to deleveraging,...
Persistent link: https://www.econbiz.de/10011901386
Cover Image
Financial reforms and financial fragility : a panel data analysis
Iftikhar, Syed Faizan - In: International Journal of Financial Studies : open … 3 (2015) 2, pp. 84-101
This paper explores the relationship between financial reforms, financial liberalization and the quality of banking regulation and supervision for financial fragility by applying a dynamic two-step system generalized method of moments GMM panel estimator technique. The finding of this study is...
Persistent link: https://www.econbiz.de/10011308529
Cover Image
Has "too big to fail" been solved? : a longitudinal analysis of major U.S. banks
Thosar, Satish; Schwandt, Bradley - In: Journal of risk and financial management : JRFM 12 (2019) 1/24, pp. 1-14
-2007), crisis (2008-2010), post-crisis (2011-2013) and normalcy (2014-2016). We find that risk metrics such as leverage and …
Persistent link: https://www.econbiz.de/10012022346
Cover Image
How do insured deposits affect bank risk? : evidence from the 2008 Emergency Economic Stabilization Act
Lambert, Claudia; Noth, Felix; Schüwer, Ulrich - 2014
This paper tests whether an increase in insured deposits causes banks to become more risky. We use variation introduced by the U.S. Emergency Economic Stabilization Act in October 2008, which increased the deposit insurance coverage from $100,000 to $250,000 per depositor and bank. For some...
Persistent link: https://www.econbiz.de/10012061062
Cover Image
Lessons from the European financial crisis
Pagano, Marco - 2014
banks' risk-weighted assets were massively gamed by large banks, which engaged in various forms of regulatory arbitrage to …
Persistent link: https://www.econbiz.de/10010424982
Cover Image
Money, regulation and growth : financing new growth in Europe : a joint publication with the BAFFI Center on International Markets, Money & Regulation
Quintyn, Marc (ed., introduction);  … - Colloquium/Conference "Money, Regulation and Growth: …; … - 2014
On June 4-5, 2014, SUERF and Baffi Finlawmetrics jointly organised a Colloquium/Conference "Money, Regulation and Growth: Financing New Growth in Europe" at Bocconi University, Milan. The present SUERF Study includes a selection of papers based on the authors’ contributions to the Milan event....
Persistent link: https://www.econbiz.de/10011711957
Cover Image
Is size everything?
Antill, Samuel; Sarkar, Asani - 2018
We examine sources of systemic risk (threshold size, complexity, and interconnectedness) with factors constructed from … equity returns of large financial firms, after accounting for standard risk factors. From the factor loadings and factor … returns, we estimate the implicit government subsidy for each systemic risk measure, and find that, from 1963 to 2006, only …
Persistent link: https://www.econbiz.de/10011894404