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Macroprudential policy spillovers and international banking - taking the gravity approach
Norring, Anni - 2019
In this paper I study how the effects of nationally implemented macroprudential policy spill across borders via international lending. For a set of 157 countries, I estimate a gravity model applied to international banking where the use of different macroprudential policy measures enter as...
Persistent link: https://www.econbiz.de/10012098204
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Rethinking capital regulation : the case for a dividend prudential target
Muñoz, Manuel - 2019
to promote bank soundness and sustained lending over the cycle. First, some evidence on bank dividends and earnings in … generates bank equity and credit supply volatility. Then, a DSGE model with key financial frictions and a banking sector is … by means of less volatile bank retained earnings, (ii) they induce welfare gains associated to a Basel III-type of …
Persistent link: https://www.econbiz.de/10012024523
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The impact of macroprudential policies on capital flows in CESEE
Eller, Markus; Hauzenberger, Niko; Huber, Florian; … - 2021
In line with the recent policy discussion on the use of macroprudential measures to respond to crossborder risks arising from capital flows, this paper tries to quantify to what extent macroprudential policies (MPPs) have been able to stabilize capital flows in Central, Eastern and Southeastern...
Persistent link: https://www.econbiz.de/10012510734
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A macro approach to international bank resolution
Schoenmaker, Dirk - 2017
bank resolution regimes. While such resolution regimes are welcome to reintroduce market discipline and reduce the reliance … need for a fiscal backstop to the financial system. For bail-in to work, it is important that bail-inable bank bonds are … working together, including in terms of sharing the burden of a potential bank bailout. The euro area has adopted the latter …
Persistent link: https://www.econbiz.de/10011978339
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From the horse's mouth : surveying responses to stress by banks and insurers
Brinkhoff, Jeroen; Langfield, Sam; Weeken, Olaf - 2018
Existing stress tests do not capture feedback loops between individual institutions and the financial system. To identify feedback loops, the European Systemic Risk Board has developed macroprudential surveys that ask banks and insurers how they would behave in a macroeconomic stress scenario....
Persistent link: https://www.econbiz.de/10011925698
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Electoral cycles in macroprudential regulation
Müller, Karsten - 2019
Do politics matter for macroprudential policy? I show that changes to macroprudential regulation exhibit a predictable electoral cycle in the run-up to 221 elections across 58 countries from 2000 through 2014. Policies restricting mortgages and consumer credit are systematically less likely to...
Persistent link: https://www.econbiz.de/10012135983
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Financial stability policies and bank lending : quasi-experimental evidence from Federal Reserve interventions in 1920-21
Rieder, Kilian - 2020
policy on bank-level lending and leverage by drawing on a single natural experiment. In 1920, when U.S. monetary policy was … stance. Macroprudential policy caused both bank-level lending and leverage to fall significantly (by 11%-14%), whereas LAW … had only weak and, in some areas, even perverse effects on these bank-level outcomes. I show that the macroprudential tool …
Persistent link: https://www.econbiz.de/10012318753
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Pockets of risk in European housing markets : then and now
Kelly, Jane; Le Blanc, Julia; Lydon, Reamonn - 2019
Using household survey data, we document evidence of a loosening of credit standards in Euro area countries that experienced a property price boom-and-bust cycle. Borrowers in these countries exhibited significantly higher loan-to-value (LTV) and loan-to-income (LTI) ratios in the run up to the...
Persistent link: https://www.econbiz.de/10011978833
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Enhancing the financing of the real economy and financial stability in the United Kingdom
Havrylchyk, Olena; Kierzenkowski, Rafał - 2015
The banking sector in the United Kingdom (UK) was deeply affected by the crisis. Bank credit has collapsed reflecting … to improve access to finance united under the roof of the British Business Bank. Further structural reforms are needed to …
Persistent link: https://www.econbiz.de/10011399564
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Bank insolvencies, regulatory forbearance and ambiguity
Vinogradov, Dmitri V. - 2006 - This version: September 14, 2006
Banking regulators often practice forbearance and ambiguity in insolvency resolutions. The paper examines the effects of regulatory forbearance and ambiguity in a context of allocational efficiency. Bailouts, liquidations and their stochastic policy mix lead to suboptimal allocations if banks do...
Persistent link: https://www.econbiz.de/10003393906