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The political economy of financial systems
Haber, Stephen H.; Perotti, Enrico C. - 2008
This survey reviews the literature on the political economy of financial structure, broadly defined to include the size of capital markets and banking systems as well as the distribution of access to external finance across firms.The theoretical literature on the institutional basis for...
Persistent link: https://www.econbiz.de/10011374399
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Limits of Stress-Test Based Bank Regulation
Agarwal, Isha; Goel, Tirupam - 2021
inaccuracies. Without stress-tests, the regulator cannot observe bank’s type, and sets the same requirement across banks. Stress …-testing provides a noisy signal about the banks’ types, and enables bank specific surcharges, which can improve welfare. Yet, when …
Persistent link: https://www.econbiz.de/10013250928
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No Holdup in Dynamic Markets
Elliott, Matthew - 2020
In many markets, heterogenous agents make non-contractible investments before bargaining over both who matches with whom and the terms of trade. In static markets, the holdup problem—that is, inefficient investments caused by agents receiving only a fraction of their returns—is ubiquitous....
Persistent link: https://www.econbiz.de/10012851810
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Does a Leverage Ratio Requirement Increase Bank Stability?
Kiema, Ilkka - 2014
the LRR is no longer the binding capital constraint on them. If the LRR is lower than the average bank's IRB requirement …
Persistent link: https://www.econbiz.de/10013054089
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What Can a Discretionary Bailout Policy Do to Stabilize a Banking System after a Systemic Credit Event?
Steinbacher, Matjaz - 2013
We study the stability of the banking system after a mortgage shock when a discretionary bailout policy is applied. Results suggest that the authority should be focused on preventing contagion. The decision over the appropriate policy depends upon the goal which the authority wants to pursue....
Persistent link: https://www.econbiz.de/10013072678
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The rents of banking : a public choice approach to bank regulation
Buck, Florian Christopher - 2015
geschaffenen Renten des Bankensektors. Die Arbeit diskutiert die zentralen Wechselwirkungen zwischen Bankenregulierung …
Persistent link: https://www.econbiz.de/10011742914
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Financial market volatility : does banking concentration play a role?
Zeeshan, Mohammad - In: Finance research letters 68 (2024), pp. 1-12
Persistent link: https://www.econbiz.de/10015063312
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Credit Allocation, Capital Requirements and Output
Jokivuolle, Esa - 2011
analysis also provides a new rationale for the countercyclical elements of capital requirements.This version updates the Bank …
Persistent link: https://www.econbiz.de/10013130532
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Leverage Ratio Requirement and Credit Allocation Under Basel III
Kiema, Ilkka - 2010
We show in a theoretical model that the introduction of the leverage ratio requirement, when it interacts with the risk-based IRB capital requirements, might lead to less lending to low-risk customers and to increased lending to high-risk customers. If such allocational effects are...
Persistent link: https://www.econbiz.de/10013135229
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Leverage Ratio Requirement, Credit Allocation and Bank Stability
Kiema, Ilkka - 2011
We study the effects on credit allocation and bank stability of introducing a leverage ratio requirement (LRR) on top … current 3% LRR might even reduce bank stability, counter to regulatory intentions. This is because the allocational effect … caused by the LRR, which makes bank loan portfolios more alike, may turn beneficial risk spreading into harmful risk …
Persistent link: https://www.econbiz.de/10013124967