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Why Prudential Regulation Will Fail to Prevent Financial Crises : A Legal Approach
Prates, Marcelo - 2014
In this paper, I suggest that the regulation of the financial system, especially if the aim is to prevent financial crises, should be focused on dealing with the consequences of the crises, not on trying to avoid their causes, although it may seem counterintuitive at first sight. Contrary to the...
Persistent link: https://www.econbiz.de/10013061343
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Liquidity in Resolution : Estimating Possible Liquidity Gaps for Specific Banks in Resolution and in a Systemic Crisis
Parisi, Laura; Chalamandaris, Dimitrios E.; Amamou, Raschid - 2021
This paper contributes to the debate on liquidity in resolution by providing a quantitative assessment of liquidity gaps of banks in resolution in the euro area. It estimates possible ranges of liquidity gaps for significant banks under different assumptions and scenarios. The findings suggest...
Persistent link: https://www.econbiz.de/10013315006
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Liquidity in resolution : estimating possible liquidity gaps for specific banks in resolution and in a systemic crisis
Amamou, Raschid; Baumann, Andreas; Chalamandaris, Dimitrios - 2020
This paper contributes to the debate on liquidity in resolution by providing a quantitative assessment of liquidity gaps of banks in resolution in the euro area. It estimates possible ranges of liquidity gaps for significant banks under different assumptions and scenarios. The findings suggest...
Persistent link: https://www.econbiz.de/10012313295
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Are private banks the better banks? : an insight into the principal-agent structure and risk-taking behavior of German banks
Schmielewski, Frank; Wein, Thomas - 2012
significantly influencing the risk-taking attitudes of bank managers. Particularly, we intend to substantiate the theory that banks … banking sectors due to a missing ability to monitor bank managers. Our results underline that these problems appear to mislead … bank managers showing an unreasonable risk-taking behavior. In a first stage, we rely on a theoretical model explaining …
Persistent link: https://www.econbiz.de/10009515838
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Bank networks : contagion, systemic risk and prudential policy
Aldasoro, Iñaki; Delli Gatti, Domenico; Faia, Ester - 2015 - This Draft: July 2015
We present a network model of the interbank market in which optimizing risk averse banks lend to each other and invest in non-liquid assets. Market clearing takes place through a tâtonnement process which yields the equilibrium price, while traded quantities are determined by means of a...
Persistent link: https://www.econbiz.de/10012061674
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Systemic effects of bank equity issues : competition, stabilization and contagion
Dinger, Valeriya; Marincas, Vlad; Vallascas, Francesco - 2018
We evaluate the abnormal returns of issuing and non-issuing banks around the announcement of Seasoned Equity Offerings (SEOs) and explore how the market reaction is influenced by aggregate systemic conditions and by the systemic risk contribution and exposure of banks. While we find evidence of...
Persistent link: https://www.econbiz.de/10011791471
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Doctrine of public good in banking versus state intervention
Masiukiewicz, Piotr - 2014
This article has a following thesis: changes in banking and a role of banks in real economy in last years, give an argument for treating banks as public good. Banks received a great support from governments as a result of the subprime crisis. G-20 and European Commission recommended new...
Persistent link: https://www.econbiz.de/10012002038
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Allocating losses: bail-ins, bailouts and bank regulation
Keister, Todd; Mitkov, Yuliyan - 2020
anticipation of this bailout undermines a bank's private incentive to impose a bail-in. In the resulting equilibrium, bail-ins are …
Persistent link: https://www.econbiz.de/10012418049
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Implications of bank regulation for credit intermediation and bank stability : a dynamic perspective ; conference paper
Bucher, Monika; Dietrich, Diemo; Hauck, Achim - 2013
Business cycles imply liquidity risks for banks. This paper explores how these risks influence bank lending over the … cycle. With forward-looking banks, lending cycles, credit booms and busts, or suppressed and highly fragile bank systems can … unpleasant effects on bank lending. Imposing countercyclical capital adequacy ratio may amplify procyclicality or result in …
Persistent link: https://www.econbiz.de/10010341626
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In Defense of Bailouts
Levitin, Adam J. - 2014
Systemic risk - the possibility that an individual firm's failure will result in broad damages to the economy as a whole - is the epitome of financial crisis. Bailouts of troubled firms have long been the standard response to systemic risk. Yet, bailouts suffer from problems of political...
Persistent link: https://www.econbiz.de/10013070313