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I analyze the optimal design of banking supervision in the presence of cross-border lending. Cross-border lending could imply that an individual bank failure in one country could trigger negative spillover effects in another country. Such cross-border contagion effects could turn out to be...
Persistent link: https://www.econbiz.de/10001720393
Banks and other lenders often transfer credit risk to liberate capital for further loan intermediation. This paper aims … to explore the design, prevalence and effectiveness of credit risk transfer (CRT). The focus is on the costs and benefits … for the efficiency and stability of the financial system. After an overview of recent credit risk transfer activity, the …
Persistent link: https://www.econbiz.de/10014216392
We analyze how financial crises affect international financial integration, exploiting euro area proprietary interbank data, crisis and monetary policy shocks, and variation in loan terms to the same borrower on the same day by domestic versus foreign lenders. Crisis shocks reduce the supply of...
Persistent link: https://www.econbiz.de/10012948677
Since July 2007 the world economy has experienced a severe financial crisis originating in the U.S. housing market. The crisis has subsequently spread to the financial sectors in European and Asian economies and led to a severe worldwide recession. The existing literature on financial crises...
Persistent link: https://www.econbiz.de/10013134667
factors down to the level of risk-magnifying financial products, from local bubble phenomena to systemic, global event, and … exotic risk products that (by virtue of accessing much wider investor base than obviously toxic ones) carry the most systemic …
Persistent link: https://www.econbiz.de/10013138139
risk, measured by the risk weightings of the Basel, has a perverse relationship with crisis impact when considered alone …
Persistent link: https://www.econbiz.de/10013115487
During the October 9, 2007-March 9, 2009 period, the U.S. stock market experienced the worst bear market in its history since the Great Depression. Empirical studies show that exchange-traded country index funds can provide portfolio diversification benefits to investors in bull markets....
Persistent link: https://www.econbiz.de/10013123073
Persistent link: https://www.econbiz.de/10013124367
The financial crisis has led to a reconsideration of banks' global business models. Using a dataset derived from the BIS banking statistics, this paper studies the geography of global banking. It distinguishes between “international” and “multinational” banks, their respective funding...
Persistent link: https://www.econbiz.de/10013081436
This paper deals with the Russian financial markets and financial institutions. The author focuses on post crisis recovery, Russian equity market. The issue of capital outflow and operating risks of the stock market were analyzed by the author
Persistent link: https://www.econbiz.de/10013083337