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States, Banks and the Financing of the Economy: Monetary Policy and Regulatory Perspectives

Balling, Morten; Jackson, Patricia; Gnan, Ernest; … - 2013

the monetary policy and financial regulation and supervision perspectives. In the preceding SUERF Study (2013/2), the …

Persistent link: https://www.econbiz.de/10011689959

States, Banks and the Financing of the Economy: Monetary Policy and Regulatory Perspectives

Danthine, Jean-Pierre; Rochet, Jean Charles; Moe, … - SUERF - The European Money and Finance Forum

the monetary policy and financial regulation and supervision perspectives. In the preceding SUERF Study (2013/2), the …

Persistent link: https://www.econbiz.de/10011070915

Banking supervision, monetary policy and risk-taking : big data evidence from 15 credit registers

Altavilla, Carlo; Boucinha, Miguel; Peydró, José-Luis; … - 2020

We analyse the effects of supranational versus national banking supervision on credit supply, and its interactions with … institutional change leading to the centralisation of European banking supervision; (iii) high-frequency monetary policy surprises … supervision reduces credit supply to firms with very high ex-ante and ex-post credit risk, while stimulating credit supply to …

Persistent link: https://www.econbiz.de/10012137670

Will macroprudential policy counteract monetary policy's effects on financial stability?

Agur, Itai; Demertzis, Maria - 2018

How does monetary policy impact upon macroprudential regulation? This paper models monetary policy's transmission to bank risk taking, and its interaction with a regulator's optimization problem. The regulator uses its macroprudential tool, a leverage ratio, to maintain financial stability,...

Persistent link: https://www.econbiz.de/10011797689

Central bank macroeconomic forecasting during the global financial crisis : the European Central Bank and Federal Reserve Bank of New York experiences

Alessi, Lucia; Ghysels, Eric; Onorante, Luca; Peach, … - 2014

This paper documents macroeconomic forecasting during the global financial crisis by two key central banks: the European Central Bank and the Federal Reserve Bank of New York. The paper is the result of a collaborative effort between the two institutions, allowing us to study the time-stamped...

Persistent link: https://www.econbiz.de/10010404063

Financial policy in an exuberant world

Walther, Ansgar - 2020

This paper studies optimal financial policy in a world where the financial sector can become excessively optimistic. I decompose the welfare effects of bank capital regulation to demonstrate the effects of exuberance and its interaction with incentive problems in banking. The optimal policy...

Persistent link: https://www.econbiz.de/10012178343

Central Bank Macroeconomic Forecasting during the Global Financial Crisis : The European Central Bank and Federal Reserve Bank of New York Experiences

Alessi, Lucia - 2014

Persistent link: https://www.econbiz.de/10013050511

Credit, Financial Stability, and the Macroeconomy

Taylor, Alan M. - C.E.P.R. Discussion Papers - 2015

Since the 2008 global financial crisis, and after decades of relative neglect, the importance of the financial system and its episodic crises as drivers of macroeconomic outcomes has attracted fresh scrutiny from academics, policy makers, and practitioners. Theoretical advances are following a...

Persistent link: https://www.econbiz.de/10011213304

Minsky, monetary policy, and mint street : challenges for the art of monetary policymaking in emerging economies

Yanamandra, Srinivas - 2014

This paper examines the emerging challenges to the art of monetary policymaking using the case study of the Reserve Bank of India (RBI) in light of developments in the Indian economy during the last decade (2003-04 to 2013-14). The paper uses Hyman P. Minsky's financial instability hypothesis as...

Persistent link: https://www.econbiz.de/10010436173

Stressed banks

Pierret, Diane; Steri, Roberto - 2017

We investigate the risk taking incentives of "stressed banks" - the banks that are subject to annual regulatory stress tests in the U.S. since 2011. We document that stress tests effectively encourage prudent investment from stressed banks through regulatory monitoring, but also provide them...

Persistent link: https://www.econbiz.de/10011874856