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Entrusted Loans : A Close Look at China's Shadow Banking System
Allen, Franklin - 2019
We perform transaction-level analyses of entrusted loans—one of the largest components of shadow banking in China …
Persistent link: https://www.econbiz.de/10012904208
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Simulating Fire-Sales in a Banking and Shadow Banking System
Calimani, Susanna; Hałaj, Grzegorz; Żochowski, Dawid - 2021
We develop an agent based model of traditional banks and asset managers. Our aim is to investigate the channels of contagion of shocks to asset prices within and between the two financial sectors, including the effects of fire sales and their impact on financial institutions’ balance sheets....
Persistent link: https://www.econbiz.de/10013248862
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Can the Capital Markets Union deliver?
Kotz, Hans-Helmut; Schäfer, Dorothea - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 2, pp. 89-98
Volkswirtschaften am Rande des Währungsgebiets. Während die Vereinigten Staaten ein Finanzsystem haben, in dem sich Investoren und …
Persistent link: https://www.econbiz.de/10012051211
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Comparing the Banking Models in China and Russia : Revisited
Vernikov, Andrei - 2019
-financial economy and concludes that banking models in China and Russia are different. Since the time of that publication, the Russian … non-banking financial institutions. Our main hypothesis is that the institutional models of banking in China and Russia … coherence grows, not least via institutional imports from China to Russia …
Persistent link: https://www.econbiz.de/10012904793
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Law and Finance in the Chinese Shadow Banking System
Awrey, Dan - 2017
Persistent link: https://www.econbiz.de/10012973591
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China's financial network with international spillovers : a first look
Yang, Jian; Yu, Ziliang; Ma, Jun - In: Pacific-Basin finance journal 58 (2019), pp. 1-30
Persistent link: https://www.econbiz.de/10012231121
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On the nexus of monetary policy and financial stability : is the financial system more resilient?
Mora, Patricia Palhau; Januska, Michael - 2016
Monetary policy and financial stability are closely intertwined, and the resilience of the financial system carries weight in this relationship. This paper explores whether the financial system is more resilient as a result of the G20's post-crisis agenda for financial regulatory reform. It...
Persistent link: https://www.econbiz.de/10011477329
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A Climate Stress-Test of the Financial System
Battiston, Stefano; Mandel, Antoine - 2020
The urgency of estimating the impact of climate risks on the financial system is increasingly recognized among scholars and practitioners. By adopting a network approach to financial dependencies, we look at how climate policy risk might propagate through the financial system. We develop a...
Persistent link: https://www.econbiz.de/10012855741
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A Risk Dashboard for the Italian Economy
Columba, Francesco - 2018
In this paper we describe an analytical framework to assess financial stability risks in the Italian economy. We use a large number of indicators, selected to take into account the peculiarities of the Italian economy, to monitor risks in seven areas: interlinkages, the credit markets, the...
Persistent link: https://www.econbiz.de/10012921954
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Models of financial stability and their application in stress tests
Aymanns, Christoph; Farmer, J. Doyne; Kleinnijenhuis, … - 2017
We review heterogeneous agent-based models of financial stability and their application in stress tests. In contrast to the mainstream approach, which relies heavily on the rational expectations assumption and focuses on situations where it is possible to compute an equilibrium, this approach...
Persistent link: https://www.econbiz.de/10011906282