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banking system and the role of macroprudential policies in the mitigation of systemic risk. In a macro-consistent stress … testing application, we show that a trade-off can arise between banking stability (solvency) and macroeconomic stability …
Persistent link: https://www.econbiz.de/10012591729
) to assess liquidity in the banking system. The SLB takes an aggregated perspective on liquidity risks in the banking …
Persistent link: https://www.econbiz.de/10013294816
We develop a macroeconomic agent-based model to study the role of systemically important banks (SIBs) in financial stability and the effectiveness of capital surcharges on SIBs as a risk management tool. The model is populated by heterogeneous firms, consumers, and banks interacting locally in...
Persistent link: https://www.econbiz.de/10014332099
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 Banks. The conference focused on core aspects of banking reform …
Persistent link: https://www.econbiz.de/10011557140
the financial stability of the banking sector, the lean-against-the-wind type of monetary policy should be carefully …
Persistent link: https://www.econbiz.de/10012968911
The failure of Lehman Brothers highlighted the severe lapses in risk management and regulatory oversight that brought on and intensified the global financial crisis. This paper presents a structural credit risk model that provides useful early warning signals that regulators could have used to...
Persistent link: https://www.econbiz.de/10013035485
We find a significant increase in sensitivities of firm-level investment to monetary policy changes after interstate … banking deregulation (IBD) in the U.S. The sensitivities are on average 2% more negative in the years following IBD compared … investment response to monetary policy shocks is amplified …
Persistent link: https://www.econbiz.de/10012934417
Oligopolistic competition in the banking sector and risk in the real economy are important characteristics of developed … effects in these cases. We also calibrate the model to the U.S. economy during 2016-2019. We find that doubling banking … that monetary policy pass-through is incomplete under imperfect competition in the banking sector …
Persistent link: https://www.econbiz.de/10013219369
The breakdown of the interbank money markets in the face of the recent financial crisis has forced central banks and governments to take extraordinary measures to sustain financial stability. In this paper we investigate which influence central bank activity has on interbank markets. In our...
Persistent link: https://www.econbiz.de/10010269747
The breakdown of the interbank money markets in the face of the recent financial crisis has forced central banks and governments to take extraordinary measures to sustain financial stability. In this paper we investigate which influence central bank activity has on interbank markets. In our...
Persistent link: https://www.econbiz.de/10003971540