Similar Search Results

Quantitative Easing and Credit Rating Agencies

Abidi, Nordine; Falagiarda, Matteo; Miquel-Flores, Ixart - 2022

This paper investigates the behaviour of credit rating agencies using a natural experiment in monetary policy. We exploit the corporate QE of the Eurosystem and its rating-based specific design which generates exogenous variation in the probability for a bond of becoming eligible for outright...

Persistent link: https://www.econbiz.de/10013405784

Securitization, Monetary Policy and Bank Stability

Bakoush, Mohamed - 2020

We provide new evidence about the effect of securitization on bank stability and systemic risk in the run-up to and … use a structural model of bank stability to construct a new measure of the net effect of securitization on bank stability …. Analyzing the dynamics of this measure at the individual bank and the banking system levels shows that securitization activities …

Persistent link: https://www.econbiz.de/10012830784

Hedge funds and their implications for financial stability

Garbaravicius, Tomas; Dierick, Frank - 2005

The paper provides an overview of the hedge fund industry, mainly from a financial stability and European angle. It is primarily based on an extensive analysis of information from the TASS database. On the positive side of the financial stability assessment, hedge funds have a role as providers...

Persistent link: https://www.econbiz.de/10011606186

Are universal banks better underwriters?

Focarelli, Dario; Marques-Ibanez, David; Pozzolo, … - 2011

It has often been argued during the recent credit crisis that commercial banks’ involvement in investment banking activities might have had an impact on the intensity of their underwriting standards. We turn to evidence from the period prior to the complete revocation of the Glass-Steagall Act...

Persistent link: https://www.econbiz.de/10009640613

The unfolding turmoil of 2007 - 2008 : lessons and responses

Cohen, Benjamin H.; Remolona, Eli M. - 2008

While the unfolding financial turmoil has involved new elements, more fundamental elements have remained the same. New elements include structured credit, the originate-to-distribute business model and the tri-party repurchase agreement. The recurrence of crises reflects a basic procyclicality...

Persistent link: https://www.econbiz.de/10003855412

Bank capital regulation with an opportunistic rating agency

Efing, Matthias - 2013 - First draft: May, 2012, This version: May 16, 2013

This paper models the strategic interaction between a rating agency, a bank and a bank regulator who lacks information about bank asset risk. The regulator can either (1) make bank capital requirements contingent on credit ratings; or (2) set rating-independent capital requirements. Truthful...

Persistent link: https://www.econbiz.de/10009753006

The SSM at 1

Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016

On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...

Persistent link: https://www.econbiz.de/10011557140

Central Banking in a Free Society

Congdon, Tim - 2011

The author covers the Northern Rock affair and the subsequent instability in the UK financial system in the context of the history and desired future role of the Bank of England as a central bank. Tim Congdon, a respected monetary economist, shows how the Bank of England failed in its duties to...

Persistent link: https://www.econbiz.de/10013134599

Legal Authority in Unusual and Exigent Circumstances : The Federal Reserve and the Financial Crisis

Mehra, Alexander - 2011

This Article considers the scope of the Federal Reserve's emergency loan-making powers and analyzes their use during the recent financial crisis. It argues that many of the Fed's responses to the crisis exceeded the bounds of its statutory authority.In unusual and exigent circumstances, § 13(3)...

Persistent link: https://www.econbiz.de/10013126128

Does Competence of Central Bank Governors Influence Financial Stability?

Ozili, Peterson K - 2020

This study investigates whether the competence of central bank governors affect the stability of the financial system they are responsible for. Using publicly available information about central bank governors from 2000 to 2016 together with data on financial stability and the macro-economy, the...

Persistent link: https://www.econbiz.de/10012832998

1
2
3
4
5
6
7
8
9
10
Next
Last