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The effects of Macroprudential Policy on Crisis Risk

Fernández-Gallardo Romero, Álvaro - 2021

The ultimate goal of macroprudential policy is to prevent and reduce the costs of systemic financial crises, therefore contributing to promoting sustainable economic growth. However, despite the active role played by this policy in the last decades, there is still limited empirical evidence...

Persistent link: https://www.econbiz.de/10013214559

Shadow banking : financial intermediation beyond banks

Adrian, Tobias; Chrétien, Edouard; Chui, Michael; … - Shadow Banking: Financial Intermediation beyond Banks …; … - 2018

Persistent link: https://www.econbiz.de/10011790739

Will macroprudential policy counteract monetary policy's effects on financial stability?

Agur, Itai; Demertzis, Maria - 2018

How does monetary policy impact upon macroprudential regulation? This paper models monetary policy's transmission to bank risk taking, and its interaction with a regulator's optimization problem. The regulator uses its macroprudential tool, a leverage ratio, to maintain financial stability,...

Persistent link: https://www.econbiz.de/10011797689

Will Macroprudential Policy Counteract Monetary Policy's Effects on Financial Stability?

Agur, Itai - 2016

Persistent link: https://www.econbiz.de/10012996077

The collateral policy of central banks : an analysis focusing on the eurosystem

Weber, Christopher - 2016

This dissertation was written by Christopher Weber during his time as a research assistant at the Center for Economic Studies (CES) at the Ludwig-Maximilians-Universität (LMU) Munich. It was handed in at the department of Economics at the LMU Munich in July 2016. The goal of the thesis is to...

Persistent link: https://www.econbiz.de/10011741966

The collateral policy of central banks : an analysis focusing on the Eurosystem

Weber, Christopher - Ifo Institut - 2016

Persistent link: https://www.econbiz.de/10011575983

The illusion of the perpetual money machine

Cauwels, Peter; Sornette, Didier - 2012

result has been a succession of bubbles and crashes, including the worldwide stock market bubble and great crash of 19 … market bubbles and its ensuing “lost decades”, the emerging markets bubbles and crashes in 1994 and 1997, the LTCM crisis of … 1998, the dotcom bubble bursting in 2000, the recent house price bubbles, the financialization bubble via special …

Persistent link: https://www.econbiz.de/10009684129

Fiscal implications of central bank balance sheet policies

Orphanides, Athanasios - 2016

Under ordinary circumstances, the fiscal implications of central bank policies tend to be seen as relatively minor and escape close scrutiny. The global financial crisis of 2008, however, demanded an extraordinary response by central banks which brought to light the immense power of central bank...

Persistent link: https://www.econbiz.de/10011498983

Against Regulatory Stimulus

Gerding, Erik F. - 2020

With political constraints on fiscal responses and monetary policy confronting the zero lower bound, policymakers may be tempted to turn to financial deregulation as a tool to stimulate economic growth in a recession, a strategy I label “regulatory stimulus.” This article creates a framework...

Persistent link: https://www.econbiz.de/10012839586

Caution: do not cross! : capital buffers and lending in Covid-19 times

Couaillier, Cyril; Lo Duca, Marco; Reghezza, Alessio; … - 2022

While regulatory capital buffers are expected to be drawn to absorb losses and meet credit demand during crises, this paper shows that banks were unwilling to do so during the pandemic. To the contrary, banks engaged in forms of pro-cyclical behaviour to preserve capital ratios. By employing...

Persistent link: https://www.econbiz.de/10012818793

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