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Legal Authority in Unusual and Exigent Circumstances : The Federal Reserve and the Financial Crisis
Mehra, Alexander - 2011
in the area of systemic risk regulation …
Persistent link: https://www.econbiz.de/10013126128
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Interest rate hysteresis in macroeconomic investment under uncertainty
Belke, Ansgar; Göcke, Matthias - 2019
The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under … capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis …
Persistent link: https://www.econbiz.de/10012099522
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Interest rate hysteresis in macroeconomic investment under uncertainty
Belke, Ansgar; Göcke, Matthias - 2019
The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under … capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis …
Persistent link: https://www.econbiz.de/10012031139
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Interest rate hysteresis in macroeconomic investment under uncertainty
Belke, Ansgar; Göcke, Matthias - 2019
The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under … capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis …
Persistent link: https://www.econbiz.de/10012151228
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Interest rate hysteresis in macroeconomic investment under uncertainty
Belke, Ansgar; Göcke, Matthias - 2019
important driver of macroeconomic investment. As an innovation, this paper derives the exact shape of the "hysteretic" impact of … changes in the interest rate on macroeconomic investment under the scenarios of certainty and uncertainty. We capture the … direct interest rate-hysteresis effects on investment and the capital stock and, explicitly, stochastic changes of the …
Persistent link: https://www.econbiz.de/10011994756
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The unfolding turmoil of 2007 - 2008 : lessons and responses
Cohen, Benjamin H.; Remolona, Eli M. - 2008
recurrence of crises reflects a basic procyclicality in the system, which is characterized by a build-up of risk-taking and … leverage in good times and an abrupt withdrawal from risk and an unwinding of leverage in bad times. To deal with the adverse … for risk-taking may be aligned more properly and areas where risk management may be made more robust. Nonetheless a …
Persistent link: https://www.econbiz.de/10003855412
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The SSM at 1
Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016
regulation, recovery and resolution, and risk culture. …
Persistent link: https://www.econbiz.de/10011557140
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Credit Rating Agency Announcements and the Eurozone Sovereign Debt Crisis
Baum, Christopher F. - 2013
This paper studies the impact of credit rating agency (CRA) announcements on the value of the Euro and the yields of French, Italian, German and Spanish long-term sovereign bonds during the culmination of the Eurozone debt crisis in 2011-2012. The employed GARCH models show that CRA downgrade...
Persistent link: https://www.econbiz.de/10013073134
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Better Than Risk-Free : Do Reserve Premiums Crowd out Bank Lending?
Kim, Raymond - 2019
banks had not previously faced. That is, they could invest bank capital in excess reserves and earn the "better than" risk … deploying capital between loans and excess reserves by maximizing returns on a risk-adjusted basis instead of a nominal basis …
Persistent link: https://www.econbiz.de/10012894603
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A Model of Endogenous Loan Quality and the Collapse of the Shadow Banking System
Ferrante, Francesco - 2015
particular, shadow banks, by pooling different loans, improve on the diversification of their idiosyncratic risk and increase the …, making the run self-fulfilling and negatively affecting investment. In this framework I study how central bank credit …
Persistent link: https://www.econbiz.de/10013023812