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The 2007–2009 financial crisis and bank opaqueness
Flannery, Mark J.; Kwan, Simon H.; Nimalendran, … - In: Journal of Financial Intermediation 22 (2013) 1, pp. 55-84
reinforced a common assessment that banks are unusually opaque. This paper examines bank equity’s trading characteristics during … “normal” periods and two “crisis” periods between 1993 and 2009. We find only limited (mixed) evidence that banks are … bank shares relative to those of nonbank control firms. A bank’s balance sheet composition significantly affects its equity …
Persistent link: https://www.econbiz.de/10011051609
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Shadow banking in China: Institutional risks
Li, Jianjun; Hsu, Sara; Qin, Yanzhi - In: China Economic Review 31 (2014) C, pp. 119-129
In this paper, we examine China's shadow banking institutions for financial risks. We use a bank stress test to analyze solvency risk for the systemically important financial institutions and the banking system as a whole. We find that there is some risk of bankruptcy and potentially a risk of...
Persistent link: https://www.econbiz.de/10011118128
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Shedding Light on Shadow Banking
Harutyunyan, Artak; Massara, Alexander; Ugazio, Giovanni; … - International Monetary Fund (IMF) - 2015
funding raised by traditional banks. We apply the new approach to 26 jurisdictions and analyze the results over a twelve …
Persistent link: https://www.econbiz.de/10011121996
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The impact of regulations on executive compensation in the US financial institutions
Slomka-Golebiowska, Agnieszka - In: Ekonomia i Prawo 13 (2014) 1, pp. 175-194
, accounting principles and disclosure requirements of public companies on the practice of rewarding executives of the US banks is …
Persistent link: https://www.econbiz.de/10011123354
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The Banque de France company rating system:a tool to facilitate companies’ access to bank credit
L. Schirmer. - In: Quarterly selection of articles - Bulletin de la Banque … (2014) 35, pp. 5-20
The Banque de France company rating system provides an objective, independent evaluation of some 270,000 companies, based on quantitative and qualitative analyses. Although it differs from the activities of credit rating agencies, it is nonetheless subject to regular controls to ensure it...
Persistent link: https://www.econbiz.de/10011123449
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Why Complementarity Matters for Stability—Hong Kong SAR and Singapore as Asian Financial Centers
Lesle, Vanessa Le; Ohnsorge, Franziska; Kim, Minsuk; … - International Monetary Fund (IMF) - 2014
There is much speculation regarding a “race for dominance†among financial centers in Asia, arising from the anticipated financial opening up of China. This frame of reference is, to an extent, a predilection that results from a traditional understanding of financial centers as...
Persistent link: https://www.econbiz.de/10011123826
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Bank Resolution Costs, Depositor Preference, and Asset Encumbrance
Hardy, Daniel C. - International Monetary Fund (IMF) - 2013
distress despite increasing encumbrance of the bank’s balance sheet. The benefit is maximized when resolution is initiated …
Persistent link: https://www.econbiz.de/10011123844
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Taxation, Bank Leverage, and Financial Crises
Mooij, Ruud A. de; Keen, Michael; Orihara, Masanori - International Monetary Fund (IMF) - 2013
That most corporate tax systems favor debt over equity finance is now widely recognized as, potentially, amplifying risks to financial stability. This paper makes a first attempt to explore, empirically, the link between this tax bias and the probability of financial crisis. It finds that...
Persistent link: https://www.econbiz.de/10011123854
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Monetary Policy and Bank Risk-Taking
Dell'Ariccia, Giovanni - International Monetary Fund (IMF) - 2010
view that monetary policy easing induces greater risk-taking by banks but also shows that the relationship between real … interest rates and banking risk is more complex. Ultimately, it depends on how much skin in the game banks have. The central …
Persistent link: https://www.econbiz.de/10011123889
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Redesigning the Contours of the Future Financial System
Kodres, Laura E.; Narain, Aditya - International Monetary Fund (IMF) - 2010
a level playing field. This note suggests the key aspects of the future contours will likely be: ? Banks are expected to …
Persistent link: https://www.econbiz.de/10011123890