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During the past two decades 130 of the 182 IMF member countries have experienced serious problems in their banking sectors or an outright banking crisis. Among the stylized facts about these crises are their often systemic nature, a pronounced boom-bust cyde and substantial financial involvement...
Persistent link: https://www.econbiz.de/10010470801
In this paper, we examine the influence of information rigidities concerning the net worth of banks on the real economy over time. In a first part, we show empirically that expectations about the net earnings of banks (as growth of net worth) are truly biased, particularly during the financial...
Persistent link: https://www.econbiz.de/10011543367
Persistent link: https://www.econbiz.de/10011579426
We develop a macroeconomic portfolio stress test that is specifically geared towards small and medium-sized banks. We combine a credit risk stress test which simulates credit impairments via a CreditMetrics type multi-factor portfolio model with an income stress test in the form of dynamic panel...
Persistent link: https://www.econbiz.de/10011308474
4207 The system of non-bank financial intermediaries (NBFI; i.e., shadow banks) has grown rapidly in recent decades up … involved in the shadow banking system and their development. Further, the scenario of a modern-type bank run within the MMF …
Persistent link: https://www.econbiz.de/10010440837
Europe, Latin America, Asia, and Africa. Why do such crises recur? What is it about the accumulation of bank debt that ….S. banking history, from pre-U.S. Civil War private bank notes issued during the U.S. Free Banking Era (1837-1863), followed by … the U.S. National Banking Era (1863-1914) before there was a central bank, through loan sales, securitization, and the …
Persistent link: https://www.econbiz.de/10010526805
-- Bank risk management -- Bank bailout efficacy -- Conclusion -- Special topic : practitioner insight on risk management …
Persistent link: https://www.econbiz.de/10011849263
responsibility; and governance in non-bank financial institutions. Only through this kind of rigorous examination can one hope to …
Persistent link: https://www.econbiz.de/10011851833
Political Economy, 44 (1), February, 1-30 -- Douglas W. Diamond and Philip H. Dybvig (1983), 'Bank Runs, Deposit Insurance, and … Dull, and Sometimes Extremely Excited' and 'A More Exact Account of the Mode in which the Bank of England has Discharged … its Duty of Retaining a Good Bank Reserve, and of Administering it Effectually', in Lombard Street: A Description of the …
Persistent link: https://www.econbiz.de/10011852272