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After the destructive impact of the global financial crisis of 2008, many believe that pre-crisis financial market regulation did not take the "big picture" of the system suffciently into account and, subsequently, financial supervision mainly "missed the forest for the trees". As a result, the...
Persistent link: https://www.econbiz.de/10011477338
European Central Bank's Financial Stability Committee Working Group on Stress Testing (WGST). Over a four-year period, the WGST …
Persistent link: https://www.econbiz.de/10014530302
This paper discusses the role of state intervention for prevention, containment, and resolution of financial crises based mainly on the Korean experience during the 1997 Asian financial crisis. Crises in emerging market and developing economies tend to be more complicated than those faced by...
Persistent link: https://www.econbiz.de/10003982933
When financial regulators require banks to hold a higher ratio of equity capital to debt funding, banks incur short-term costs as they adjust their balance sheets and lose some of the advantages associated with their existing funding mix. They then seek to maintain post-tax income by, for...
Persistent link: https://www.econbiz.de/10012952903
. Under a binding equity constraint, our model predicts shocks to bank equity, regulatory standards and monetary policy, such …
Persistent link: https://www.econbiz.de/10012240769
crisis have affected the conduct of monetary policy by the European Central Bank (ECB) within the Eurosystem, have led to the …
Persistent link: https://www.econbiz.de/10014077291
On February 12, 2010, SUERF, the Oesterreichische Nationalbank and the Bankwissenschaftliche Gesellschaft continued their established tradition of jointly organised conferences. As evidenced also by the 115 conference participants, this year's subject of "Contagion and Spillovers – New...
Persistent link: https://www.econbiz.de/10011706561
The prolonged crisis exposed the vulnerability of a monetary union without a banking union. The Single Supervisory Mechanism (SSM), which started operating in November 2014, is an essential step towards restoring banks to health and rebuilding trust in the banking system. The ECB is today...
Persistent link: https://www.econbiz.de/10012132851
The coronavirus pandemic is creating overwhelming needs, in three waves. First is the health crisis; second is the macroeconomic crisis created by the abrupt halt in much business activity; and now third is a consumer crisis, as households are faced with total or partial job loss, sharp income...
Persistent link: https://www.econbiz.de/10012837811
The paper analyzes the effects of changes to regulatory policy and to monetary policy on cross-border bank lending … since the global financial crisis. Cross-border bank lending has decreased, and the home bias in the credit portfolio of … importance of regulatory arbitrage as a driver of cross-border bank flows since the global financial crisis. However, in the euro …
Persistent link: https://www.econbiz.de/10013046446