Showing 1 - 10 of 1,180
This paper challenges the prevailing view of the efficacy of harmonization of international financial regulation and … increasing the flexibility of the international financial regulatory architecture, as a means of reducing systemic risk, It … regulatory error's increasing systemic risk, by reducing the likelihood that international banks worldwide will follow broadly …
Persistent link: https://www.econbiz.de/10013090480
In the last decades, we have witnessed the progressive integration of European financial system, as a result of the cumulative effect of markets' liberalization, innovation and globalisation, and of harmonization of the regulations and implementation of financial reforms by the EU Member States....
Persistent link: https://www.econbiz.de/10013155409
Recent studies suggest liquidity regulation contributed to the rise in excess reserves, but capital regulations may matter, too. We use a simple model to show that banks may tilt portfolios away from higher risk-weighted assets like loans and toward lower risk-weighted assets like reserves and...
Persistent link: https://www.econbiz.de/10012824130
Liquidity risk has received increased attention recently, especially in light of the 2007-2009 financial crisis, when banks' extensive reliance on short-term funding, maturity mismatches between assets and liabilities, and insufficient liquidity buffers made them quite susceptible to liquidity...
Persistent link: https://www.econbiz.de/10013013552
Persistent link: https://www.econbiz.de/10012989331
Common explanations for the observed rise in excess bank reserves include payment of interest on reserves and liquidity regulations, but capital regulations may also matter. We show that a profit maximizing bank substitutes from higher risk-weight loans to lower risk-weight reserves and...
Persistent link: https://www.econbiz.de/10013239403
Despite the extensive attention that the Basel capital adequacy standards have received internationally, significant variation exists in the implementation of these standards across countries. Furthermore, a significant number of countries increase or decrease the stringency of capital...
Persistent link: https://www.econbiz.de/10013210425
Despite the extensive attention that the Basel capital adequacy standards have received internationally, significant variation exists in the implementation of these standards across countries. Furthermore, a significant number of countries increase or decrease the stringency of capital...
Persistent link: https://www.econbiz.de/10011578143
international banking standards predicates the inclusion of emerging markets in each accord …
Persistent link: https://www.econbiz.de/10014203766
We empirically examine how the rating-contingent Basel regulations impact the access and cost of debt for firms with varying characteristics around the world, and investigate how firms cope with the impact through alternative financing sources and adjustments to its capital investments. We find...
Persistent link: https://www.econbiz.de/10014352367