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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
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
The global financial crisis has reignited the debate about the risks of financial globalization, in particular the … across borders. The simultaneous use of country- and bank-fixed effects allows us to disentangle credit supply and demand and … to control for general bank characteristics. We find that during the crisis banks continued to lend more to countries …
Persistent link: https://www.econbiz.de/10013131054
risks of financial globalization. We use loan-level data on lending by the largest international banks to their various …-, and bank-fixed effects allow us to disentangle credit supply and demand and to simultaneously control for the unobserved …
Persistent link: https://www.econbiz.de/10013113689
. 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
bank assets and activities; required capital; and deposit insurance. While some reforms have been productive, others have …
Persistent link: https://www.econbiz.de/10012901405
' risk is shaped through several channels like bank size, the share of foreign bank assets, banking sector competition and …
Persistent link: https://www.econbiz.de/10012933123
Persistent link: https://www.econbiz.de/10011790739
In this paper, we examine the impact of adopting macroprudential policies on bank risk taking and systemic risk. Using … find that macroprudential policy instruments mitigate bank risk taking and lower systemic risk. The mitigation depends on … stronger in countries with more closed economies and those with tighter restrictions on bank activities. We find some evidence …
Persistent link: https://www.econbiz.de/10012915535
We analyze the reaction of stock returns and CDS spreads of banks from Europe and the United States to four major regulatory reforms in the aftermath of the subprime crisis, employing an event study analysis. In contrast to the public perception that nothing has happened, we find that financial...
Persistent link: https://www.econbiz.de/10013081106