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The use of collateral in formal and informal lending : conference paper
Kislat, Carmen; Menkhoff, Lukas; Neuberger, Doris - 2013
The ex ante theory of collateral states that better informed lenders, such as informal lenders, rely less on collateral …. We test this by contrasting the use of collateral between formal and informal lenders in the same market. Indeed, formal … lenders rely more often on collateral, controlling for conventional determinants of collateral. Moreover, better information …
Persistent link: https://www.econbiz.de/10010342166
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The SSM at 1
Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011557140
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Implications of bank regulation for credit intermediation and bank stability : a dynamic perspective ; conference paper
Bucher, Monika; Dietrich, Diemo; Hauck, Achim - 2013
Business cycles imply liquidity risks for banks. This paper explores how these risks influence bank lending over the cycle. With forward-looking banks, lending cycles, credit booms and busts, or suppressed and highly fragile bank systems can emerge, depending on the magnitude of liquidity risks....
Persistent link: https://www.econbiz.de/10010341626
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Bank risk taking, credit booms and monetary policy : conference paper
Afanasyeva, Elena; Guentner, Jochen - 2014 - Very preliminary and incomplete, This version: February 28, 2014
collateral requirements for firms, are significantly loosened in response to an unexpected decrease in the Federal Funds rate … for a given amount of borrower collateral. The model also predicts a delayed increase in borrowers' default risk. …
Persistent link: https://www.econbiz.de/10010485247
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On the role of the ECB's collateral framework in preventing fire sales : conference paper
Podlich, Natalia - 2014 - Preprint
In this paper, I analyze the impact of the extension of the ECB s collateral framework on securities sales. In addition … lead to fire sales adversely impacting other financial institutions. I find clear evidence that the ECB s collateral …
Persistent link: https://www.econbiz.de/10010487738
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Aspects of modern monetary and macroeconomic policies
Arestis, Philip (ed.); Hein, Eckhard (contributor);  … - 2007 - 1. publ.
Over the last thirty years or so the developments in the area of monetary and macroeconomic policies have been quite substantial. Within the new consensus macroeconomics (NCM), monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of...
Persistent link: https://www.econbiz.de/10003377383
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Aspects of Modern Monetary and Macroeconomic Policies
Arestis, Philip (ed.); Hein, Eckhard (ed.);  … - 2007
Within the New Consensus Macroeconomics, monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of policy under the guise of inflation targeting, an approach pursued by a number of central banks worldwide. This book raises problems...
Persistent link: https://www.econbiz.de/10012054254
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Portfolio and risk management for central banks and sovereign wealth funds
Coche, Joachim (contributor) - 2011
Persistent link: https://www.econbiz.de/10008760262
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Risk weights, lending, and financial stability : limits to model-based capital regulation ; conference paper
Behn, Markus; Haselmann, Rainer; Vig, Vikrant - 2014
Model-based capital regulation is considered to be one of the key innovations of Basel II. The objective of this innovation was to make capital charges more sensitive to risk. Using data from the German credit register, and employing a difference-indifference identification strategy, we...
Persistent link: https://www.econbiz.de/10010485279