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Unregulated lending, mortgage regulations and monetary policy
Emenogu, Ugochi; Peterson, Brian - 2022 - Last updated: June 27, 2022
Macroprudential policies are often aimed at the traditional banking sector while nondepository financial institutions or shadow banks have limited or no prudential regulations. This paper studies the macroeconomic impact of household-side macroprudential tightening in the presence of unregulated...
Persistent link: https://www.econbiz.de/10013264902
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Assessing the impact of the Bank of Canada's government bond purchases
Azizova, Chinara; Witmer, Jonathan; Zhang, Xu - 2024
Persistent link: https://www.econbiz.de/10014577895
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Liquidity Crises in the Mortgage Market
Kim, You - 2020
are much higher than those observed at any point in the 2000s. We describe in this paper how non-bank mortgage companies …
Persistent link: https://www.econbiz.de/10012852711
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How the Federal Reserve's Large-Scale Asset Purchases (LSAPs) Influence Mortgage-Backed Securities (MBS) Yields and U.S. Mortgage Rates
Hancock, Diana - 2014
mortgage rates. The Federal Reserve's accumulation of MBS and Treasury securities lowered MBS yields and mortgage rates by more … turn significantly lower mortgage rates …
Persistent link: https://www.econbiz.de/10013059311
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Mortgage regulation and financial vulnerability at the household level
Aastveit, Knut Are; Juelsrud, Ragnar Enger; Wold, Ella Getz - 2020
We evaluate the impact of mortgage regulation on credit volumes, household balance sheets and the reaction to adverse … information from official tax records, we identify causal effects of mortgage loan-to-value (LTV) limits. Our results show that …
Persistent link: https://www.econbiz.de/10012262509
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Systemic Risk Management in Financial Networks with Credit Default Swaps
Leduc, Matthew V. - 2020
We study insolvency cascades in an interbank system when banks are allowed to insure their loans with credit default swaps (CDS) sold by other banks. We show that, by properly shifting financial exposures from one institution to another, a CDS market can be designed to rewire the network of...
Persistent link: https://www.econbiz.de/10012855794
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Stress testing with multiple scenarios : a tale on tails and reverse stress scenarios
Aikman, David; Angotti, Romain; Budnik, Katarzyna - 2024
This paper proposes an operational approach to stress testing, allowing one to assess the banking sector's vulnerability in multiple plausible macro-financial scenarios. The approach helps identify macro-financial risk factors of particular relevance for the banking system and individual banks...
Persistent link: https://www.econbiz.de/10014558792
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The countercyclical capital buffer and international bank lending: evidence from Canada
Chen, David; Friedrich, Christian - 2021 - Last updated: November 29, 2021
We examine the impact of the recently introduced Basel III countercyclical capital buffer (CCyB) on foreign lending activities of Canadian banks. Using panel data for the six largest Canadian banks and their foreign activities in up to 94 countries, we explore the variation in CCyB rates across...
Persistent link: https://www.econbiz.de/10012694517
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The "too big to fail" subsidy in Canada : some estimates
Mora, Patricia Palhau - 2018
of the subsidies accruing to systemic banks in Canada. The first is based on credit rating agencies' assessment of public … address TBTF externalities. That said, Canada being an early adopter of Basel III might help explain the significant reduction …
Persistent link: https://www.econbiz.de/10011797528
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Mortgage Insurance as a Macroprudential Tool : Dealing with the Risk of a Housing Market Crash in Canada
Koeppl, Thorsten V. - 2015
Canada's mortgage insurance risk needs a better backstop fund, according to a new report released today by the C ….D. Howe Institute. In “Mortgage Insurance as a Macroprudential Tool: Dealing with the Risk of a Housing Market Crash in Canada … concern over the potential exposure of Canada's mortgage insurance system – and taxpayers …
Persistent link: https://www.econbiz.de/10013019682