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This paper examines the impact of cybercrime and hacking events on equity market volatility across publicly traded corporations. The volatility influence of these cybercrime events is shown to be dependent on the number of clients exposed across all sectors and the type of the cyber security...
Persistent link: https://www.econbiz.de/10012964812
gains in the longer term) with due consideration being given to initial conditions concerning regulation, taxes and exchange …
Persistent link: https://www.econbiz.de/10013156608
then proceeds by detailing how an ill-designed policy framework, relying on supposed market approaches to regulation … – including self-regulation and credit rating agencies – enabled TBTF financial institutions to game the system and thereby …
Persistent link: https://www.econbiz.de/10012937724
This paper aims to fill a gap in the literature on banking regulation, financial development and financial stability … globalisation in banking increases systemic risks. Macro prudential regulation is thus equally important as micro prudential … the financial crisis better than UK banks. Micro prudential failures can be seen amongst this data. Contemporary banking …
Persistent link: https://www.econbiz.de/10012940557
regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to …: it rises as regulation stringency moves from low to medium levels and falls from medium to high levels. Countries located …
Persistent link: https://www.econbiz.de/10012866557
on the extent of dilution after conversion. We integrate the analysis in a game-theoretic optimal capital regulation …
Persistent link: https://www.econbiz.de/10012970139
This paper develops a dynamic stochastic general equilibrium model to examine the impact of macroprudential regulation … fluctuations. I also show that stronger regulation can induce banks to hold buffers and hence mitigate an economic downturn as well …
Persistent link: https://www.econbiz.de/10012974527
We model dynamic bank capital structure under three optimally-designed regulatory regimes dealing with potential default { bailout, where government provides capital; bail-in, using private-sector funds; and no regulatory intervention, allowing failure. Only under optimally designed bail-in do...
Persistent link: https://www.econbiz.de/10012852290
The dramatic consequences of the global crisis forced governments to take into consideration the banking sector reform …. The main initiatives are based on the banking regulations strengthening. In this paper we approach another kind of … solution to the banking sector problems: a state-owned payment and savings system which could induce a responsible behavior to …
Persistent link: https://www.econbiz.de/10013055276
challenges posed by globally systemically important banks (G-SIBs), the Basel Committee on Banking Supervision recommended an … “additional loss absorbency requirement” for these institutions. Motivated by this instrument of macroprudential regulation, which …
Persistent link: https://www.econbiz.de/10013023492