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-big-to-fail (TBTF) banks with two goals: first, to increase the ability of these banks to absorb future financial shocks and second, to … weaken the market expectation of public support for these banks in the event of a future financial crisis, thereby reducing … the moral hazard problem associated with TBTF banks. We use an event study approach to analyze the market reaction to the …
Persistent link: https://www.econbiz.de/10010665655
taking up the revived debate on whether central banks should "lean against the wind" or not. Currently, there is no consensus …
Persistent link: https://www.econbiz.de/10011405338
In the post-crisis period, increased regulation of financial intermediaries led to a significant decline in corporate bond market liquidity. In order to stabilize these markets, policy makers recently proposed that the trading of corporate bonds should be more centralized. In this paper, we show...
Persistent link: https://www.econbiz.de/10011420570
do they mitigate, and how large are these effects? We show that by purchasing government bonds, central banks induce …
Persistent link: https://www.econbiz.de/10011420573
The article starts with a brief description of Mises' monetary theory, with emphasis on the Misesian differentiation of two kinds of credit: commodity and circulation credit, and with the description of the impact of circulation credit expansion on the business cycle. Further on it is described...
Persistent link: https://www.econbiz.de/10011551396
In the aftermath of the financial crisis, the role of monetary policy and macro-prudential regulation in promoting financial stability is under discussion. The old debate concerning whether monetary policy should respond to credit and asset price bubbles was revived, whereas macro-prudential...
Persistent link: https://www.econbiz.de/10011605829
banks and supervisory authorities of all EU member states. This paper describes the design and structure of the new data set …
Persistent link: https://www.econbiz.de/10011853311
While there is a growing debate among researchers and practitioners on the possible role of central banks and financial … existing and novel prudential approaches to incentivizing the decarbonization of banks' balance sheets and align finance with …
Persistent link: https://www.econbiz.de/10011933978
This study measures liquidity creation within a sample of 153 banks operating in 12 Middle Eastern and North African … (MENA) countries from 2008 to 2017. We found that these banks created a total of $461.32 billion in liquidity in 2017 …, approximately 1.51 times the total liquidity created in 2008, mainly driven by commercial banks in Gulf Cooperation Council (GCC …
Persistent link: https://www.econbiz.de/10014558469
March 2007 and March 2014, as well as analyses methodological aspects of balance sheet data of the banks in Brazil. The … behavior of credit by public banks; especially Caixa Econômica Federal and Banco do Brasil. While the growth of banking credit … was commanded by private banks between 2003 and 2008, after the global financial crisis of 2008 the public banks led this …
Persistent link: https://www.econbiz.de/10011444824