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Persistent link: https://www.econbiz.de/10011790739
Financialisation is a complex and dynamic process of enlarging the monetary and financial relations in economy and society. This paper deals with the analysis of the financial market structure such as: the role and magnitude of financial sectors, the dynamics of the banking sector versus the...
Persistent link: https://www.econbiz.de/10010529060
For emerging market regulators, shadow banking represents an activity which they must control. For businessmen in economies like Russia, Argentina, Saudi Arabia and Mexico, shadow banking represents an important business opportunity. By extending credit to risky (but promising) activities...
Persistent link: https://www.econbiz.de/10010514169
This paper documents how traditional and shadow banks interacted with one another during the 2007 financial crisis, when both assets and liabilities flew from shadow to traditional banks. To rationalize their behavior, we propose a simple model which demonstrates the symbiotic coexistence and...
Persistent link: https://www.econbiz.de/10012107660
shadow banks that provide credit intermediation through securitization. If capital regulation only covers traditional banks … per unit of investment remains the same for all securitization strategies. Capital requirements cause underinvestment that … cannot be mitigated by securitization …
Persistent link: https://www.econbiz.de/10013031902
As the debt ceiling episode unfolds, we highlight a sharp increase in trading activity and liquidity in the U.S. credit …
Persistent link: https://www.econbiz.de/10014355266
We document the sharp increase in trading activity, gross and net notional outstanding, and overall premiums in the U.S. credit default swaps (CDS) market that took place during the 2023 debt ceiling episode. Unlike the periods leading up to the 2011 and 2013 debt ceiling events, we show that in...
Persistent link: https://www.econbiz.de/10014350983
Persistent link: https://www.econbiz.de/10011977517
mortgage market, spillovers into broader credit market, the liquidity crisis epitomized by the fallout of Northern Rock, Bear … elevated market, credit and liquidity risks. Since its original outbreak induced by the demise of the subprime mortgage market … financial products and global financial institutions. -- subprime mortgage crisis ; credit crisis ; liquidity crisis ; market …
Persistent link: https://www.econbiz.de/10003790529
Persistent link: https://www.econbiz.de/10011779380