Showing 1 - 10 of 2,837
Persistent link: https://www.econbiz.de/10011790739
The paper discusses the reform of capital regulation of banks in the wake of the financial crisis of 2007/2009. Whereas the Basel Committee on Banking Supervision seems to go for marginal changes here and there, the paper calls for a thorough overhaul, moving away from risk calibration and...
Persistent link: https://www.econbiz.de/10010286702
The paper contains comments made on the Financial Stability Board's (FSB) Consultation Report concerning the success of regulatory reforms since the global financial crisis of 2007-2009. According to these comments, the FSB’s assessment of the role of equity is too narrow, being phrased in...
Persistent link: https://www.econbiz.de/10012306407
Trading volumes in credit default swaps (CDS) have fallen by more than 75% since the 2008 financial crisis to less than $9 trillion notional amount outstanding as of June 2015. This dramatic decline in volumes comes, in part, because of new laws and regulations focused on reducing the risk of...
Persistent link: https://www.econbiz.de/10013002698
We integrate banks and the coexistence of bank and bond financing into an otherwise standard New Keynesian framework. There are two policy-makers: a central banker, who can decide on short-term nominal interest rates, and a macroprudential policy-maker, who can vary aggregate capital...
Persistent link: https://www.econbiz.de/10011894696
The paper analyses the causes of the current crisis of the global financial system, with particular emphasis on the systemic elements that turned the crisis of subprime mortgage-backed securities in the United States, a small part of the overall system, into a worldwide crisis. The first half of...
Persistent link: https://www.econbiz.de/10010266973
Persistent link: https://www.econbiz.de/10011877744
In recent years, a strong tendency towards international harmonisation of banking regulation can be observed. In this paper, we investigate some of the problems involved in the corresponding strategic interaction between countries. Technically, we show that in a game-theoretic setting with two...
Persistent link: https://www.econbiz.de/10011570451
From the angle of competition policy, Voice over IP looks like a panacea. It not only brings better service, but it also increases competitive pressure on former telecommunications monopolists. This paper points to the largely overlooked downside. In a pure world of Internet telephony, there...
Persistent link: https://www.econbiz.de/10010264805
Skyrocketing mobile data demands caused by increasing adoption of smartphones, tablet computers, and broadband-equipped laptops will soon swamp the capacity of our nation’s wireless networks, a fact that promises to stagnate a $1 trillion slice on the nation’s economy. Among scholars and...
Persistent link: https://www.econbiz.de/10014042793