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In 2007 the world faced one of the biggest financial crises ever. It was the third important financial crisis in the … worldwide political institutions to approve a more rigorous regulation on financial institutions and predict financial crises … EU regulation on credit rating agencies and current Basel II enhancements. Finally we can determine that most regulatory …
Persistent link: https://www.econbiz.de/10008695393
Eigenkapitalstandards und eine notwendige Risikobegrenzung auf Derivatemärkten. -- Financial Crisis ; Information ; Regulation ; Banking … Aufgabe darin besteht, glaubwürdige Information für Investoren bereitzustellen. Drei Determinanten der Instabilität werden … sinnvolle Reform der Regulierung ableiten. Neben den Anreizproblemen, die Gegenstand einer weiteren Arbeit sind (Franke …
Persistent link: https://www.econbiz.de/10003864312
Since the summer of 2007, participants in financial markets have been confronted by a crisis of their own making. In order to prevent the recurrence of a similar crisis in the future, the G-20 nations, at their finance summit in Washington on 15 November 2008, resolved to "ensure that all...
Persistent link: https://www.econbiz.de/10011387132
premature to conclude that 'Too Big to Fail" has been solved, but macro-prudential regulation is now much more effective and …
Persistent link: https://www.econbiz.de/10012022346
, this paper argues that macro-prudential regulation is necessary to address the systemic risk inherent to ratings. The paper …
Persistent link: https://www.econbiz.de/10013158711
Especially structured finance instruments were blamed as main reason for the financial crisis 2007, but the understanding for the motivation to originate securitization products is less discovered. Therefor this paper tries to identify main balance sheet characteristics of structured finance...
Persistent link: https://www.econbiz.de/10008907723
This paper studies a dynamic version of the Holmstrom-Tirole model of intermediated finance. I show that competitive equilibria are not constrained efficient when the economy experiences a financial crisis. A pecuniary externality entails that banks' desire to accumulate capital over time...
Persistent link: https://www.econbiz.de/10009691196
banking regulation in the world, precise requirements and scope were reformed and implemented in response to crises and global … the paradigm from partial improvements under financial liberalization regime to a world-wide regulation tightening on the …Regulation of risks in banking is driven by evolution of financial intermediation and markets, and vice versa. The …
Persistent link: https://www.econbiz.de/10012591641
This article explores some of the difficult issues in financial regulation for financial stability. Noting the lack of … prior academic work in the topic, this article presents a discussion of some difficult issues in financial regulation for … financial regulation and supervision without limiting the ability of financial institutions to exploit emerging profitable …
Persistent link: https://www.econbiz.de/10013298304
This paper explains the nature of interest rates in the U.S. federal funds market after the 2007-09 financial crisis. We build a model of the over-the-counter lending market that incorporates new aspects of the financial system: abundance of liquidity, different regulatory standards for banks,...
Persistent link: https://www.econbiz.de/10013466133