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Banking supervision: The perspective from economics

Hirtle, Beverly J. - 2020

Economists have extensively analyzed the regulation of banks and the banking industry, but have devoted considerably … "supervision" and "regulation" interchangeably. This paper provides a heuristic review of the economics literature on … activity distinct from regulation (rulemaking) is just now emerging and has considerable room to grow. Meanwhile, the empirical …

Persistent link: https://www.econbiz.de/10012619529

Italian real estate funds and regulatory structure: effects on Nav discount

Biasin, Massimo; Quaranta, Anna Grazia; Giacomini, Emanuela - In: BANCARIA 01 (2010) January

This paper investigates the effects of the Italian real estate funds governance and intermediation structure on market prices discount over Nav figures.The hypothesis is that the mandatory provision of a shareholders’ meeting of newly established Reits offers potential protection to investors...

Persistent link: https://www.econbiz.de/10008583509

The role of financial imbalances in monetary policy

Csermely, Ágnes; Szalai, Zoltán - In: MNB Bulletin 5 (2010) 2, pp. 6-12

One fundamental lesson of the financial crisis is that the evolution of financial imbalances may suggest overheating in the economy, which does not necessarily entail a rise in inflation. The bursting of these bubbles may result in an abrupt overshooting of the positive output gap in the...

Persistent link: https://www.econbiz.de/10008461029

Risks and regulation of insurance companies: is Solvency II the right answer?

Lorent, Benjamin - Centre Emile Bernheim, Solvay Brussels School of … - 2008

a banking regulation, literature on insurance regulation is scarce and mainly focused on asymmetry issues. In this paper …, we describe the reasons for an insurance regulation. Recent developments faced by insurers modified the risks encountered … outline the specificities of the new framework for the regulation of European insurance undertakings, Solvency II, as it is …

Persistent link: https://www.econbiz.de/10005146714

Credit market choice

Boyarchenko, Nina; Costello, Anna M.; Shachar, Or - 2018

Which markets do institutions use to change exposure to credit risk? Using a unique data set of transactions in corporate bonds and credit default swaps (CDS) by large financial institutions, we show that simultaneous transactions in both markets are rare, with an average institution having an...

Persistent link: https://www.econbiz.de/10012144706

Banks' Liquidity Buffers and the Role of Liquidity Regulation

Bonner, Clemens; Lelyveld, Iman van; Zymek, Robert - de Nederlandsche Bank - 2013

banks' liquidity risk management. Our main question is whether the presence of liquidity regulation substitutes or … complements banks' incentives to hold liquid assets. Our results reveal that in the absence of liquidity regulation, the … substituted by liquidity regulation, a bank's disclosure requirement and size remain significant. A key takeaway from our analysis …

Persistent link: https://www.econbiz.de/10010757282

Financial Sector Legislative Reforms Commission (FSLRC) & financial sector regulation in India

Bhagwati, Jaimini; Khan, M. Shuheb; Bogathi, … - 2016

submitted its report in 2013 and four of its members recorded dissenting notes. This paper examines the changes in regulation in …

Persistent link: https://www.econbiz.de/10011483647

Regulatory stress tests and bank responses : heterogeneous treatment effect in dynamic settings

Janda, Karel; Kravtsov, Oleg - 2019

This paper investigates the impact of regulatory stress test framework in the European Union on the banks conduct and portfolio adjustments. Our findings suggest that the banks subject to regulatory stress testing tend to structure their portfolios with lower risk density. However this does not...

Persistent link: https://www.econbiz.de/10012107780

Future risks and fragilities for financial stability

Llewellyn, David T. (ed.); Reid, Richard (ed.); … - Conference: Future Risks and Fragilities for Financial …; … - 2012

connected issues, mainly incentives and market discipline, regulation, competition and shadow banking, and size and structure of …

Persistent link: https://www.econbiz.de/10011711486

Leverage limits and bank risk : new evidence on an old question

Choi, Dong Beom; Holcomb, Michael R.; Morgan, Donald P. - 2018

The supplementary leverage ratio (SLR) rule recently imposed on the very largest U.S. banks has revived the question of whether banks sidestep such rules by shifting toward riskier, higher-yielding assets. Using difference-in-difference analysis, we find that, after the SLR was finalized in...

Persistent link: https://www.econbiz.de/10011868525