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Member Central Banks. We generally observed that, banking crisis management provisions in the parent legislations of WAMZ … their legal and regulatory frameworks with these provisions relevant for the resolution of such banks. …
Persistent link: https://www.econbiz.de/10013342792
The agency conflicts inherent in securitization are viewed by many as having been a key contributor to the recent financial crisis, despite the presence of various legal and economic constructs to mitigate them. A review of recent empirical research for the U.S. home mortgage market suggests...
Persistent link: https://www.econbiz.de/10011623267
To reconcile the mixed empirical results, we develop a theoretical model whose main implication is a concave impact of regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to annual data from 1999 to 2011 drawn from 132...
Persistent link: https://www.econbiz.de/10012030889
banks …
Persistent link: https://www.econbiz.de/10011906282
ownership and cautious management. It was thus a surprise when some banks experienced deposit flight, as depositors shifted … their money toward government-owned banks and specifically toward the State Bank of India, the largest public bank. While … there was some tendency for depositors to favour healthier banks and banks with more stable funding, the reallocation of …
Persistent link: https://www.econbiz.de/10010719327
highly geared banks first became fragile and then failed with such dire consequences for the economy that massive policy …
Persistent link: https://www.econbiz.de/10008862667
This work analyzes the role of governance of financial entities in the current crisis. Neoliberal economic policies, deregulation and liberalization have characterized financial globalization, giving rise to the financialization of the economy. This paper, using the analysis-synthesis method,...
Persistent link: https://www.econbiz.de/10010228497
, not defined in a market, but by the collateral frameworks and interest rate policies of central banks. Using the …
Persistent link: https://www.econbiz.de/10011296085
Banks are growing ever larger compared to their national economies. We show that increases in relative bank size … (measured as a bank's liabilities divided by national GDP) are linked to banks displaying higher tail risk. This effect is not … entirely due to risk channels that disproportionately expose relatively large banks to systematic tail risks, sovereign risks …
Persistent link: https://www.econbiz.de/10012974803
in general, better capitalized and less leveraged banks have outperformed their peers, a finding that supports …
Persistent link: https://www.econbiz.de/10010128764