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Persistent link: https://www.econbiz.de/10011695913
influence the likelihood that policymakers assign banking supervision to central banks. We find that, conditional on the …
Persistent link: https://www.econbiz.de/10013141031
By the early ‘2000 an increasing numbers of countries had adopted a well defined central bank framework, which is characterized by two intertwined features: the authority becomes specialized in achieving the monetary policy goals, and consequently its traditional responsibilities in pursuing...
Persistent link: https://www.econbiz.de/10013098367
institutions: banks, the shadow banking system and insurance companies. It concludes that, while substantial progress has been made …
Persistent link: https://www.econbiz.de/10013073590
This paper presents an overview of the Japanese system to deal with the distress of banks, providing a classification …
Persistent link: https://www.econbiz.de/10012960405
optimal CR is tighter relative to the pre-crisis benchmark. Optimal CR is also bank specific, and tighter for large banks than … for small banks. This is for three reasons. First, allowing small banks to take more leverage enables them to potentially … grow faster, leading to a growth effect. Second, although more leverage by small banks results in a higher exit rate, these …
Persistent link: https://www.econbiz.de/10012977150
bank capital and therefore set the minimum capital-adequacy requirements for banks. The new Basel bank capital regime … the financial risk toolkit for practitioners. This risk modeling enhancement provides incentives for banks to upgrade … regulatory capital requirements for banks. For those locally-incorporated banks that have offshore banking operations, the …
Persistent link: https://www.econbiz.de/10013018837
The United States is now committed to using two relatively sophisticated approaches to measuring capital adequacy: Basel III and stress tests. This paper shows how stress testing could mitigate weaknesses in the way Basel III measures credit and interest rate risk, the way it measures bank...
Persistent link: https://www.econbiz.de/10013026153
banks and supervisory authorities of all EU member states. This paper describes the design and structure of the new data set …
Persistent link: https://www.econbiz.de/10012930199
In this paper we analyse various instances of supervisory centralization either implemented or proposed in Europe in the aftermath of the financial crisis and the sovereign debt crisis. Our central thesis is that supervisory fragmentation is a cause of systemic risk, as cooperation amongst...
Persistent link: https://www.econbiz.de/10013077827