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Macroprudential policy : a blessing or a curse?

Popoyan, Lilit - 2016

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

Finance, Market, Globalization: Lessons from the 2007-09 Crisis

Rossi, Salvatore - In: Review of Economic Analysis 2 (2010) 3, pp. 215-228

Never before has finance been regarded with the suspicion of these past three years. Yet money and credit are part of what enabled human beings to overcome the barbarism of immanence, the savagery of a life ruled by consumption for survival. The critical rethinking of finance involves the very...

Persistent link: https://www.econbiz.de/10008683493

Nationalizing Mortgage Risk

Wallison, Peter J.; Ely, Bert - American Enterprise Institute

profitability and domination of the residential mortgage market. …

Persistent link: https://www.econbiz.de/10011122266

Appraising home purchase appraisals

Calem, Paul Seth; Lambie-Hanson, Lauren; Nakamura, … - 2018

Home appraisals are produced for millions of residential mortgage transactions each year, but appraised values are … institutional framework that governs mortgage lending lead to information loss in appraisals (that is, appraisals set equal to the … incidence of mortgage default at loan-to-value boundaries (notches) above which mortgage insurance rates increase. Appraisals …

Persistent link: https://www.econbiz.de/10011971156

Does CFPB oversight crimp credit?

Fuster, Andreas; Plosser, Matthew; Vickery, James - 2018

evidence that CFPB oversight significantly reduces the overall volume of mortgage lending. However, we find some evidence of …

Persistent link: https://www.econbiz.de/10011868541

Minority Borrowers and the Subprime Foreclosure Crisis : Unintended Consequences of Regulations vs. Unfair Lending

Louis, Henock - 2013

facilitate mortgage access to minorities. Alternatively, lenders could have unfairly forced borrowers from minority areas into …

Persistent link: https://www.econbiz.de/10013090475

On Regulation and Excess Reserves : The Case of Basel III

Hoarty, Blake - 2020

Recent studies suggest liquidity regulation contributed to the rise in excess reserves, but capital regulations may matter, too. We use a simple model to show that banks may tilt portfolios away from higher risk-weighted assets like loans and toward lower risk-weighted assets like reserves and...

Persistent link: https://www.econbiz.de/10012824130

The Recourse Rule, Regulatory Arbitrage, and the Financial Crisis

Miller, Stephen Matteo - 2018

In November 2001, bank regulators finalized the so-called Recourse Rule, which lowered risk weights from 1 to 0.5 for A-rated and to 0.2 for AAA- and AA-rated private-label securitization tranches. After the rule change, on average, securitization-active bank holding companies with at least $50...

Persistent link: https://www.econbiz.de/10012932632

The Recourse Rule, Regulatory Arbitrage, and the Financial Crisis

Miller, Stephen Matteo - 2018

In November 2001, regulators finalized the “Recourse Rule.” The rule lowered risk weights, and therefore commercial bank holding company capital requirements, to 0.2 for holdings of AAA- and AA-rated “private label” securitization tranches, created by investment banks and securitizing...

Persistent link: https://www.econbiz.de/10012933310

On Regulation and Excess Reserves : The Case of Basel III

Miller, Stephen Matteo; Hoarty, Blake - 2021

Common explanations for the observed rise in excess bank reserves include payment of interest on reserves and liquidity regulations, but capital regulations may also matter. We show that a profit maximizing bank substitutes from higher risk-weight loans to lower risk-weight reserves and...

Persistent link: https://www.econbiz.de/10013239403

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