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Failure of the Clearinghouse : Dodd-Frank's Fatal Flaw?
Lubben, Stephen J. - 2016
Persistent link: https://www.econbiz.de/10013003842
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Restructuring an Insolvent Bank
Cetin, Nusret - 2014
Banks are regarded as special institutions, and regulated and supervised heavily than other institutions. However, regulation and supervision cannot achieve zero failure regimes. Banks fail like any other commercial entities, and will continue to fail. Failure of a bank may trigger formal...
Persistent link: https://www.econbiz.de/10013052778
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Business Cycle Effects of Credit Shocks in a DSGE Model with Firm Defaults
Pesaran, M. Hashem - 2016
This paper proposes a new theoretical framework for the analysis of the relationship between credit shocks, firm defaults and volatility. The key feature of the modelling approach is to allow for the possibility of default in equilibrium. The model is then used to study the impact of credit...
Persistent link: https://www.econbiz.de/10012994637
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When trust is not enough: bank resolution, SPE, ring‑fencing and group support
Dewatripont, Mathias; Montigny, Marie; Nguyen, Grégory - 2021
This discussion paper investigates the differences existing between the Single Point of Entry and the Multiple Point of Entry resolution models and links this question to the issue of support that bank subsidiaries can expect from their parent companies both in resolution and in normal...
Persistent link: https://www.econbiz.de/10012605315
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Circular Economy and Default Risk
Zara, Claudio; Ramkumar, Shyaam - 2021
By decoupling economic growth from the exploitation of virgin raw materials and environmental degradation, as well as by developing practices more resilient to the economic cycle, Circular Economy (CE) offers effective hedging of linear risks and shields from that of stranded values. We tested...
Persistent link: https://www.econbiz.de/10013312098
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Is bank risk appetite relevant to bank default in times of Covid-19?
Pei-Ling Lee; Chun Teck Lye; Lee, Chin - In: Central Bank review / Central Bank of the Republic of Turkey 22 (2022) 3, pp. 109-117
The paper aims to analyze the effect of bank risk appetite on banks' default probabilities during the year of COVID-19 in 12 countries while controlling for bank-specific and country-specific effects over time. A System Generalized Methods of Moments (GMM) model of default probabilities is...
Persistent link: https://www.econbiz.de/10013407192
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A Theory of Bank Illiquidity and Default with Hidden Trades
Panetti, Ettore - 2020
banking system to aggregate liquidity shocks? And what are the implications, if any, for banking regulation? To answer these … questions, I study a Diamond-Dybvig environment, where banks hedge against aggregate liquidity risk in the interbank market or … contract, and default in equilibrium only when facing systemic liquidity risk. In this case, the allocation at default is …
Persistent link: https://www.econbiz.de/10012857273
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An Investigation of Default Prediction Models in the Taiwan Banking Sector
Hou, Tony Chieh-tse - 2016
This study investigates the determinants of bank default probability and the predictive performance of the logit and the hazard models. Using accounting and market price information in the Taiwan bank sector for the period 1999 to 2010, the result shows both models provides adequate default...
Persistent link: https://www.econbiz.de/10013007755
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The Failure Mechanics of Dealer Banks
Duffie, Darrell - 2013
I explain the key failure mechanics of large dealer banks, and some policy implications. This is not a review of the financial crisis of 2007-2009. Systemic risk is considered only in passing. Both the financial crisis and the systemic importance of large dealer banks are nevertheless obvious...
Persistent link: https://www.econbiz.de/10013094788
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Creditor passivity : the effects of bank competition and institutions on the strategic use of bankruptcy filings
Hainz, Christa - 2007
intensifies. We find that the better the institutions and the more competitive the banking sector, the higher the bank's incentive …
Persistent link: https://www.econbiz.de/10003951440