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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
There is growing acknowledgement among policymakers that climate change may give rise to potentially catastrophic financial risk and impact financial stability. This paper explores the specific features of climate-related financial risks (CRFR), drawing on a growing body of macrofinancial...
Persistent link: https://www.econbiz.de/10012427917
bubble and the subsequent price decline that led to a counterparty-risk crisis in which liquidity shrank due to insolvency … subsequent learning that insolvency risk was a major driver. I suggest directions for future research and possible regulatory …
Persistent link: https://www.econbiz.de/10013034499
This paper investigates the effects of the COVID-19 pandemic on financial institutions and consumers' adoption of FinTech in payments. We find that the pandemic: [1] Initially had a negative impact on the adoption of FinTech, but favorable short-term regulatory changes have reversed some of the...
Persistent link: https://www.econbiz.de/10012827241
COVID-19 has severely disrupted the conduct of business around the globe. In jurisdictions that impose one or more ‘lockdowns', multiple sectors of the real economy must endure prolonged periods of reduced trading or even total shutdowns. The associated revenue losses will push many businesses...
Persistent link: https://www.econbiz.de/10012826218
We examine the impact of cross-border bank flows from source countries on the lending behavior of banks located in … effect of foreign macroprudential policy. Decomposing cross-border inflows into bank and non-bank flows, effects are entirely …
Persistent link: https://www.econbiz.de/10014355223
This report identifies a set of policy lessons for China today drawn from the experience of financial deregulation, financial crisis and recovery in Scandinavia during the period 1985-2000. Although there are considerable differences between the huge Chinese economy and the small Nordic...
Persistent link: https://www.econbiz.de/10013156608
It has become widely acknowledged that the looming climate crisis and the necessary transition to a low-carbon economy can and will be financially material for financial institutions. Accordingly, microprudential supervisors have started including climate-related financial risks in their daily...
Persistent link: https://www.econbiz.de/10014263182
provides a new perspective on the common belief that public support in the context of systemic bank insolvency – i.e. bank … effective approaches in tackling bank solvency during a systemic crisis. One of the most common and also effective methods has … results for the taxpayer. Contemporary consensus as regards tackling bank solvency during a systemic financial crisis focuses …
Persistent link: https://www.econbiz.de/10012826832
bank assets and activities; required capital; and deposit insurance. While some reforms have been productive, others have …
Persistent link: https://www.econbiz.de/10012901405