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We study the stability of the banking system after a mortgage shock when a discretionary bailout policy is applied … the alternatives for most shock/bailout pairs. The medium-sized banks policy performs the worst and may be feasible only … for a small number of low shock/low bailout probability pairs. We identify a threshold level after which the bailout costs …
Persistent link: https://www.econbiz.de/10013072678
This paper studies optimal financial policy in a world where the financial sector can become excessively optimistic. I decompose the welfare effects of bank capital regulation to demonstrate the effects of exuberance and its interaction with incentive problems in banking. The optimal policy...
Persistent link: https://www.econbiz.de/10012178343
On 16th November 2009, SUERF, CEPS and the Belgian Financial Forum coorganized a conference "Crisis management at cross-roads" in Brussels. All papers in the present volume are based on contributions at the conference and the SUERF Annual Lecture which followed the event.
Persistent link: https://www.econbiz.de/10011706117
by the U.S. in the early 1990s and Japan in the late 1990s, are still being debated due to a lack of any convincing …
Persistent link: https://www.econbiz.de/10002235143
The purpose of this paper is to explore determinants of bank bailouts by the Bank of Japan in response to the panic of … of Japan provided liquidity support not for lenders but for borrowers in the call market, and that rescued banks had …
Persistent link: https://www.econbiz.de/10012925655
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...
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