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Systemic risk in the financial sector : an analysis of the subprime-mortgage financial crisis
Hellwig, Martin - 2008
equity capital at financial institutions, and, finally, systemic effects of prudential regulation created a detrimental … interdependence and transparency. -- Mortgage Securitization ; Subprime-Mortgage Financial Crisis ; Systemic Risk ; Banking Regulation …
Persistent link: https://www.econbiz.de/10003861951
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Systemic risk in the financial sector : an analysis of the subprime-mortgage financial crisis
Hellwig, Martin - In: De economist : Netherlands economic review ; quarterly … 157 (2009) 2, pp. 129-207
Persistent link: https://www.econbiz.de/10003881890
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Die internationale Finanzkrise : Ursachen, Treiber, Veränderungsbedarf und Reformansätze
Rudolph, Bernd - 2009
Der vorliegende Beitrag beschäftigt sich mit der Aufarbeitung der Hintergründe der Subprime-Krise sowie der nachfolgenden internationalen Banken- und Finanzkrisen. Auf dieser Basis werden Vorschläge diskutiert, wie die erkannten Schwachstellen im Finanzsystem repariert bzw. behoben werden...
Persistent link: https://www.econbiz.de/10003922564
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The ex-ante versus ex-post effect of public guarantees
Damar, Evren; Gropp, Reint; Mordel, Adi - 2012
In October 2006, Dominion Bond Rating Service (DBRS) introduced new ratings for banks that account for the potential of government support. The rating changes are not a reflection of any changes in the respective banks' credit fundamentals. We use this natural experiment to evaluate the...
Persistent link: https://www.econbiz.de/10009580069
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The shadow cost of repos and bank liability structure
Klimenko, Nataliya; Moreno-Bromberg, Santiago - 2015
Making use of a structural model that allows for optimal liquidity management, we study the role that repos play in a bank's financing structure. In our model the bank's assets consist of illiquid loans and liquid reserves and are financed by a combination of repos, long–term debt, deposits...
Persistent link: https://www.econbiz.de/10011293473
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Regulatory Systemic Risk in US Securities Regulation
Pichhadze, Aviv - 2011
securities regulation. The discussion offers two theses: one descriptive and the other normative. Descriptively, drawing on … institutional approaches to the study of regulation, I show how regulatory systemic risk emerges in the US securities regulatory …
Persistent link: https://www.econbiz.de/10013128555
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Why Micro-Prudential Regulation Fails? The Impact on Systemic Risk by Imposing a Capital Requirement
Zhou, Chen - 2011
higher than that in a regulation-free system. We discuss a sufficient condition under which the systemic risk in a regulated …
Persistent link: https://www.econbiz.de/10013133821
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Foolish Revenge or Shrewd Regulation? Financial-Industry Tax Law Reforms Proposed in the Wake of the Financial Crisis
Page, Richard T. - 2010
This Comment evaluates four recent proposals to reform tax laws affecting the financial industry. After introducing the proposals, the author provides a theoretical framework for evaluating them and then relies on this framework to explore the benefits and drawbacks of each. Ultimately, the...
Persistent link: https://www.econbiz.de/10013135154
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Why the Micro-Prudential Regulation Fails? The Impact on Systemic Risk by Imposing a Capital Requirement
Zhou, Chen - 2011
the impact of micro-prudential regulation on the systemic risk in a cross-sectional dimension. We construct a static model … requirement regulation. In a system with a capital requirement regulation, the individual risk-taking of the financial … system can be higher than that in a regulation-free system. We discuss a sufficient condition under which the systemic risk …
Persistent link: https://www.econbiz.de/10013119229
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Bankers’ Pay after the 2008 Crisis : Regulatory Reforms in the US and the EU
Ferrarini, Guido - 2013
Atlantic. We show that the regulation of bankers' pay is presently more detailed and less flexible in Europe than in the US …
Persistent link: https://www.econbiz.de/10013091649