Narrow search
Showing 1 - 10 of 5,421
Cover Image
Has Financial Innovation Made the World Riskier? CDS, Regulatory Arbitrage and Systemic Risk
Yorulmazer, Tanju - 2013
systemic risk. Equity capital acts as a buffer against losses, and reduces incentives for excessive risk taking. Basel capital … lower capital requirements resulting in excessive risk taking. Furthermore, the bank and the CDS seller (insurer) prefer … high correlation in their returns and jointly shift the risk to the regulator. CDS can be traded at a price higher than its …
Persistent link: https://www.econbiz.de/10013089650
Cover Image
Financial Keynesianism and market instability
Wray, L. Randall - 2011
In this paper I will follow Hyman Minsky in arguing that the postwar period has seen a slow transformation of the economy from a structure that could be characterized as "robust" to one that is "fragile". While many economists and policymakers have argued that "no one saw it coming", Minsky and...
Persistent link: https://www.econbiz.de/10008906576
Cover Image
Die internationale Finanzkrise : Ursachen, Treiber, Veränderungsbedarf und Reformansätze
Rudolph, Bernd - 2009
Finanzkrise vorgeschlagen oder bereits politisch umgesetzt worden sind. …
Persistent link: https://www.econbiz.de/10003922564
Cover Image
Responding to the global financial and economic crisis : meeting the challenges in Asia
Arner, Douglas W.; Schou-Zibell, Lotte - 2010
Based on a review of international and regional responses to the global financial and economic crisis and its implications for finance in Asia, Douglas Arner and Lotte Schou-Zibell draw lessons for Asian financial systems with regard to the scope of regulation; financial standards; supervision,...
Persistent link: https://www.econbiz.de/10011283429
Cover Image
Short-selling bans around the world : evidence from the 2007 - 09 crisis
Beber, Alessandro; Pagano, Marco - 2010
Most stock exchange regulators around the world reacted to the 2007-2009 crisis byimposing bans or regulatory constraints on short-selling. Short-selling restrictions wereimposed and lifted at different dates in different countries, often applied to different sets ofstocks and featured different...
Persistent link: https://www.econbiz.de/10011382070
Cover Image
An Asian perspective on global financial reforms
Morgan, Peter J.; Pontines, Victor - 2013
The purpose of this study is to better understand the likely impact on Asian economies and financial institutions of various recent global financial reforms, including Basel III capital adequacy and liquidity rules. Part one reviews the lessons of the global financial crisis (GFC) of 2007-09 and...
Persistent link: https://www.econbiz.de/10009783717
Cover Image
Financial Keynesianism and Market Instability
Wray, L. Randall - 2011
In this paper I will follow Hyman Minsky in arguing that the postwar period has seen a slow transformation of the economy from a structure that could be characterized as "robust" to one that is "fragile." While many economists and policymakers have argued that "no one saw it coming," Minsky and...
Persistent link: https://www.econbiz.de/10013128523
Cover Image
Diversification and Financial Stability
Tasca, Paolo - 2012
. The paper contributes to the debate shedding light on the controversial relation between risk-diversification and … has an ambiguous effect and beyond a certain levels elicits financial instability. Moreover, we find that risk …
Persistent link: https://www.econbiz.de/10013114499
Cover Image
The Rise of Emerging Markets’ Financial Market Architecture : Constituting New Roles in the Global Financial Governance
Metzger, Martina - 2011
This paper analyses the impact of the global financial crisis on Brazil, India and South Africa whose financial markets have shown strong resilience to the global financial turmoil. The paper shows, that in contrast to advanced countries in these emerging market economies there is contagion from...
Persistent link: https://www.econbiz.de/10013125041
Cover Image
International Capital Mobility and Financial Fragility - Part 3 : How Do Structural Policies Affect Financial Crisis Risk? Evidence from Past Crises Across OECD and Emerging Econom...
Ahrend, Rudiger - 2012
This paper examines how structural policies can influence a country's risk of suffering financial turmoil. Using a … can affect financial stability by either shaping the financial account structure, by reducing the risk of international … financial contagion, or by directly reducing the risk of financial crises. Differentiated capital controls are found to affect …
Persistent link: https://www.econbiz.de/10013102361