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Macroprudential banking regulation : does one size fit all?

Neuberger, Doris; Rissi, Roger - 2012

more effective than indirect restrictions through capital, leverage and liquidity regulations. -- financial stability …

Persistent link: https://www.econbiz.de/10009554222

Using Sentiment Surveys to Predict GDP Growth and Stock Returns

Guzman, Giselle - 2012

This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...

Persistent link: https://www.econbiz.de/10013110732

Financial crisis resolution

Schroth, Josef - 2012

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

Pricing climate transition risk : evidence from European corporate CDS

Vozian, Katia; Costola, Michele - 2023

The European low-carbon transition began in the last few decades and is accelerating to achieve net-zero emissions by 2050. This paper examines how climate-related transition indicators of a large European corporate firm relate to its CDS-implied credit risk across various time horizons....

Persistent link: https://www.econbiz.de/10014283743

Supporting the transition to net-zero emissions : the evolving role of central banks

McGuinness, Karen - 2023

While climate change was largely tackled by government policies in the past, central banks are increasingly grappling with the risks climate change poses. They are evaluating their operational policies to reflect these risks and the transition to a net-zero economy. This paper explores the...

Persistent link: https://www.econbiz.de/10014450598

Has COVID-19 changed the correlation between cryptocurrencies and stock markets?

Abdelkafi, Ines; Romdhane, Youssra Ben; Loukil, Sahar - In: European journal of government and economics : EJGE 12 (2023) 2, pp. 139-156

The COVID-19 pandemic has challenged the notion that cryptocurrencies are uncorrelated with traditional asset markets. This study uses VAR-OLS techniques to investigate the time-varying correlation between Bitcoin and three major European stock market indices from January 4, 2016, to February...

Persistent link: https://www.econbiz.de/10014445351

Central bank liquidity policy in modern times

Brooks, Skylar - 2024

Central banks play a crucial role in promoting financial stability. They act as financial system stabilizers through their capacity to create liquidity and channel it to financial institutions and markets in times of stress - a role that has evolved and expanded substantially over the past 15...

Persistent link: https://www.econbiz.de/10014577846

Social institutions and economic inequality : modeling the onset of the Kuznets curve

Alvarez-Pereira, Brais; Bale, Catherine S. E.; Furtado, … - 2015

Theoretical models of the Kuznets Curve have been purely analytical with little contribution towards an understanding of the timing of the process and the presence of additional mechanisms affecting its timing. This paper proposes an agent-based version of Acemoglu and Robinson's model of the...

Persistent link: https://www.econbiz.de/10012057437

Basel III and systemic risk regulation - what way forward?

Georg, Co-Pierre - 2011

One of the most pressing questions in the aftermath of the financial crisis is how to deal with systemically important financial institutions (SIFIs). The purpose of this paper is to review the recent literature on systemic risk and evaluate the regulation proposals in the Basel III framework...

Persistent link: https://www.econbiz.de/10009012328

How would Hedge fund regulation affect investor behavior? : implications for systemic risk

Minamihashi, Naoaki; Wakamori, Naoki - 2014 - This Draft: September 1, 2014

We estimate an investors' demand model for hedge funds to analyze the potential impact of leverage limits in the … industry. Our estimation results highlight the importance of heterogeneous investor preference for the use of leverage, i ….e., 20% of investors prefer leverage usage while others do not. We then conduct a policy simulation in which regulators put a …

Persistent link: https://www.econbiz.de/10010403629

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