Showing 1 - 10 of 4,214
Persistent link: https://www.econbiz.de/10013159841
segments. 5) Additional lending increases leverage in the financial system and fuels a boom in an asset market. 6) Asset prices … Fannie Mae) and sponsors of “private label” mortgage-backed securities; Commercial and investment banks with respect to the … Glass-Steagall repeal; and Banks and hedge funds with respect to OTC derivatives. The model would support the premises of …
Persistent link: https://www.econbiz.de/10013148106
To address the challenges posed by global systemically important banks (G-SIBs), the Basel Committee on Banking … interconnectedness decreases welfare by restricting the ability of banks to insure against liquidity shocks, it also increases it by …-risk exposure is the private information of banks. I conclude by analyzing how resolution regimes and stable funding requirements …
Persistent link: https://www.econbiz.de/10011433258
We evaluate how a country's governance structure for macroprudential policy affects its implementation of Basel III macroprudential capital buffers. We find that the probabilities of using the countercyclical capital buffer (CCyB) are higher in countries that have financial stability committees...
Persistent link: https://www.econbiz.de/10012834060
area banks with that of the euro area economies. It reflects banks' heterogeneity by replicating the structure of their … balance sheets and profit and loss accounts. In the model, banks adjust their assets, interest rates, and profit distribution …
Persistent link: https://www.econbiz.de/10012286943
This paper investigates the effects of contagion in interbank lending networks. I introduce a new measure based on the harmonic distance of Acemoglu et al. (2015b) and, motivated by their theoretical results, compare it to well-known centrality measures already applied in the systemic risk...
Persistent link: https://www.econbiz.de/10011579475
largest euro area credit institutions across 19 countries. The approach involves modelling banks'reactions to changing … acknowledging a broad set of interactions and interdependencies between banks, other market participants, and the real economy. Our … results highlight the importance of the starting level of bank capital, bank asset quality, and banks' adjustments for the …
Persistent link: https://www.econbiz.de/10012033284
Economists have dominated U.S. scholarship about the S&L debacle and they have universally viewed the regulatory response as horrific. This paper argues that the conventional economic wisdom is badly flawed. The U.S. regulatory response to the debacle was disastrous – when economists shaped it...
Persistent link: https://www.econbiz.de/10013148988
Corporate governance of banks and other financial institutions differs considerably from general corporate governance … corporate governance of banks and other financial institutions contributed to the financial crisis. Corporate law reforms are … as for Swiss and Belgian banks; establishment of a separate risk committee of the board or an independent chief risk …
Persistent link: https://www.econbiz.de/10013087257