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Armour, John - 2018

Inadequate regulation of the financial system is widely thought to have contributed to the financial crisis. The purpose of the book is to articulate a framework within which financial regulation can be analysed in a coherent and comprehensive fashion. The book's approach is distinctive in...

Persistent link: https://www.econbiz.de/10012937668

Heterogenous Banks and Macroprudential Regulations

Bhowal, Subhendu - 2020

This paper studies how ﬁnancial intermediation varies across banks. Bank size is a ﬁrst-order determinant of banks' capital structure in the cross-section. Largest banks have the lowest capital-to-asset ratio and the lowest ratio of Tier-1 capital against risk-weighted assets. These large...

Persistent link: https://www.econbiz.de/10012849874

Mortgage regulation and financial vulnerability at the household level

Aastveit, Knut Are; Juelsrud, Ragnar Enger; Wold, Ella Getz - 2020

We evaluate the impact of mortgage regulation on credit volumes, household balance sheets and the reaction to adverse economic shocks. Using a comprehensive dataset of all housing transactions in Norway matched with buyers' balance sheet information from official tax records, we identify causal...

Persistent link: https://www.econbiz.de/10012262509

Currency-based measures targeting banks : balancing national regulation of risk and financial openness

De Crescenzio, Annamaria; Golin, Marta; Ott, Anne-Christelle - 2015

This paper presents and analyses new datasets of de jure Currency-Based Measures (CBMs) directed at banks in a sample of 49 countries between 2005 and 2013. These measures are bank regulations that apply a discrimination−e.g. a less favourable treatment−on the basis of the currency of an...

Persistent link: https://www.econbiz.de/10011582185

Macroprudential regulation and leakage to the shadow banking sector

Gebauer, Stefan; Mazelis, Falk - 2019

Macroprudential policies for financial institutions have received increasing prominence since the global financial crisis. These policies are often aimed at the commercial banking sector, while a host of other non-bank financial institutions, or shadow banks, may not fall under their...

Persistent link: https://www.econbiz.de/10012035452

Impact of Eurozone financial shocks on Southeast Asian economies

Menon, Jayant; Ng, Thiam Hee - 2013

Five years after the Global Financial Crisis, the economies of the United States (US) and the eurozone continue to … struggle. How will Southeast Asian economies be affected should there be a further deterioration in conditions in the eurozone … a further shock to the eurozone. We find that although the direct impacts are likely to be muted, it could trigger a …

Persistent link: https://www.econbiz.de/10009781291

Euro area : single currency – national money creation

Kooths, Stefan; Roye, Björn van - 2012

The Eurosystem has been pursuing a crisis management policy for more than four years now. This policy aims primarily at maintaining financial stability in the euro area by providing vast liquidity support to commercial banks that are operating in nationally segmented banking systems. As a side...

Persistent link: https://www.econbiz.de/10009624569

Reflections on Euro Area Banking Supervision : Context, Transparency, Review and Culture - A Contribution to the Conversation on the SSM after Three Years

Smits, René - 2018

Reflections on context, transparency, review and culture of the Single Supervisory Mechanism (SSM), the Euro Area system of prudential supervision of banks, three years after its start. The paper discusses the 'cascade' of banking regulation (from global standards through EU legislation and...

Persistent link: https://www.econbiz.de/10012931448

The impact of seven macroprudential policy instruments on financial stability in six euro area economies

Lorenčič, Eva; Festić, Mejra - In: Národohospodářský obzor : časopis věnovaný … 21 (2021) 3, pp. 259-290

The aim of this paper is to investigate whether macroprudential policy instru-ments can influence the credit growth rate and hence financial stability. We use a fixed effects panel regression model to test the following hypothesis for six euro area econo-mies (Austria, Finland, Germany, Italy,...

Persistent link: https://www.econbiz.de/10012651338

Banking euro area stress test model

Budnik, Katarzyna; Mozzanica, Mirco Balatti; Dimitrov, Ivan - 2020

The Banking Euro Area Stress Test (BEAST) is a large scale semi-structural model developed to assess the resilience of the euro area banking system from a macroprudential perspective. The model combines the dynamics of a high number of euro area banks with that of the euro area economies. It...

Persistent link: https://www.econbiz.de/10012286943