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Financial Instability, Liquidity Constraints and Banks’ Borrowing Behaviour
Swamy, Vighneswara - 2014
economics. This study examines an emerging economy's banking system and contributes to the evolving body of literature on the …
Persistent link: https://www.econbiz.de/10013065703
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The Management of Interest Rate Risk During the Crisis : Evidence from Italian Banks
Esposito, Lucia - 2013
banks managed their overall interest rate risk exposure by means of on-balance-sheet restructuring complemented by hedging …
Persistent link: https://www.econbiz.de/10013072610
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The SSM at 1
Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame … Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial … College) gave the SUERF 2015 Annual Lecture on Capital and Banks. The conference focused on core aspects of banking reform …
Persistent link: https://www.econbiz.de/10011557140
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Contagion effects of the Silicon Valley Bank run
Choi, Dong Beom; Goldsmith-Pinkham, Paul; Yorulmazer, Tanju - 2023
This paper analyzes the contagion effects associated with the failure of Silicon Valley Bank (SVB) and identifies bank-specific vulnerabilities contributing to the subsequent declines in banks' stock returns. We find that uninsured deposits, unrealized losses in held-to-maturity securities, bank...
Persistent link: https://www.econbiz.de/10014342118
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The Interbank Market after the Financial Turmoil : Squeezing Liquidity in a 'Lemons Market' or Asking Liquidity 'on Tap'
De Socio, Antonio - 2013
After August 2007 the plumbing system that supplied banks with wholesale funding, the interbank market, failed because toxic assets obstructed the pipes. Banks were forced to squeeze liquidity in a 'lemons market' or to ask for liquidity 'on tap' from central banks. This paper disentangles the...
Persistent link: https://www.econbiz.de/10013092137
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Verdict on the Crash : Causes and Policy Implications
Booth, Philip - 2009
This monograph challenges the myth that the recent banking crisis was caused by insufficient statutory regulation of … are designed to target, in a non-intrusive way, particular weaknesses in a banking system that is backed by deposit …
Persistent link: https://www.econbiz.de/10013156184
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Credit Rating Agency Downgrades and the Eurozone Sovereign Debt Crises
Baum, Christopher F. - 2016
This paper studies the impact of credit rating agency (CRA) downgrade announcements on the value of the Euro and the yields of French, Italian, German and Spanish long-term sovereign bonds during the culmination of the Eurozone debt crisis in 2011-2012. The employed GARCH models show that CRA...
Persistent link: https://www.econbiz.de/10013003953
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Housing Wealth Reallocation between Subprime and Prime Borrowers during Recessions
Sapci, Ayse; Vu, Nam - 2021
The Survey of Consumer Finances indicates that, unlike subprime borrowers, prime borrowers are more likely to own investment homes during recessions than during recoveries. Drawing on this empirical fact, we present and estimate a dynamic stochastic general equilibrium model that distinguishes...
Persistent link: https://www.econbiz.de/10013242279
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Loose Monetary Policy and Financial Instability
Grimm, Maximilian; Jordà, Òscar; Schularick, Moritz; … - National Bureau of Economic Research - 2023
Do periods of persistently loose monetary policy increase financial fragility and the likelihood of a financial crisis? This is a central question for policymakers, yet the literature does not provide systematic empirical evidence about this link at the aggregate level. In this paper we fill...
Persistent link: https://www.econbiz.de/10014226155
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Macroprudential Policies and Bank Risk-Taking Under Persistently Low-Interest-Rate Environment
GARCIA REVELO, Jose David - 2022
This paper investigates whether macroprudential policies could effectively mitigate the banks’ risk-taking behaviour under scenarios of extended periods of accommodative monetary policy. To some extent, attempts to determine what kind of macroprudential tools are better suited for this task....
Persistent link: https://www.econbiz.de/10014238925