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The great mortgaging : housing finance, crises, and business cycles
Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - 2014
which are typically followed by deeper recessions and slower recoveries. Housing finance has come to play a central role in …
Persistent link: https://www.econbiz.de/10010412763
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Early Warning Indicators of Banking Crises : Expanding the Family
Aldasoro, Iñaki - 2018
could eventually lead to banking crises. We explore this issue formally by assessing the performance of these debt … categories as early warning indicators (EWIs) for systemic banking crises. We find that they do contain useful information. In …
Persistent link: https://www.econbiz.de/10012925147
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The Evolution of Bad Debts in Italy During the Global Financial Crisis and the Sovereign Debt Crisis : A Counterfactual Analysis
Notarpietro, Alessandro - 2017
of bad debts made by the two recessions that have hit the Italian economy since 2008. The counterfactual simulations are … performed using the Bank of Italy's Quarterly Model (BIQM). A ‘no-crises scenario' is built for the period 2008-2015. The … recessions – and of the economic policy decisions that were taken to combat their effects – non-financial corporations' bad debts …
Persistent link: https://www.econbiz.de/10012964020
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The Great Mortgaging : Housing Finance, Crises, and Business Cycles
Jordà, Òscar - 2015
which are typically followed by deeper recessions and slower recoveries. Housing finance has come to play a central role in …
Persistent link: https://www.econbiz.de/10013032225
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The Great Mortgaging : Housing Finance, Crises, and Business Cycles
Jorda, Oscar - 2015
which are typically followed by deeper recessions and slower recoveries. Housing finance has come to play a central role in …
Persistent link: https://www.econbiz.de/10013032381
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Banking euro area stress test model
Budnik, Katarzyna; Mozzanica, Mirco Balatti; Dimitrov, Ivan - 2020
The Banking Euro Area Stress Test (BEAST) is a large scale semi-structural model developed to assess the resilience of the euro area banking system from a macroprudential perspective. The model combines the dynamics of a high number of euro area banks with that of the euro area economies. It...
Persistent link: https://www.econbiz.de/10012286943
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Macroprudential stress test of the euro area banking system
Budnik-Gałązka, Katarzyna; Mozzanica, Mirco Balatti; … - 2019
This paper presents an approach to a macroprudential stress test for the euro area banking system, comprising the 91 largest euro area credit institutions across 19 countries. The approach involves modelling banks'reactions to changing economic conditions. It also examines the effects of adverse...
Persistent link: https://www.econbiz.de/10012033284
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Betting the House
Jordà, Òscar - 2015
, materially heighten the risk of financial crises. Both effects have become stronger in the postwar era …
Persistent link: https://www.econbiz.de/10013031150
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The dynamics of non-performing loans during banking crises : a new database
Ari, Anil; Chen, Sophia; Ratnovski, Lev - 2020
This paper presents a new dataset on the dynamics of non-performing loans (NPLs) during 88 banking crises since 1990 …. The data show similarities across crises during NPL build-ups but less so during NPL resolutions. We find a close … relationship between NPL problems-elevated and unresolved NPLs-and the severity of post-crisis recessions. A machine learning …
Persistent link: https://www.econbiz.de/10012206258
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Bank profitability, leverage constraints, and risk-taking
Martynova, Natalya; Ratnovski, Lev; Vlahu, Razvan - 2019
Traditional theory suggests that higher bank profitability (or franchise value) dissuades bank risk-taking. We highlight an opposite effect: higher profitability loosens bank borrowing constraints. This enables profitable banks to take risk on a larger scale, inducing risk-taking. This effect is...
Persistent link: https://www.econbiz.de/10012020122