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Personal Ethics & the U.S. Financial Collapse of 2007-08
Trautman, Lawrence J. - 2017
The seeds for the 2007-09 financial collapse were sewn over many years and nurtured by ill-advised governmental housing policy, the presence of pervasive fraud both large and small and the widespread failure of personal integrity. A chronology of bad choices made by individuals and the...
Persistent link: https://www.econbiz.de/10012972692
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Models of financial stability and their application in stress tests
Aymanns, Christoph; Farmer, J. Doyne; Kleinnijenhuis, … - 2017
We review heterogeneous agent-based models of financial stability and their application in stress tests. In contrast to the mainstream approach, which relies heavily on the rational expectations assumption and focuses on situations where it is possible to compute an equilibrium, this approach...
Persistent link: https://www.econbiz.de/10011906282
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Bank Loan Loss Provisions Research : A Review
Ozili, Peterson K - 2017
We review the recent academic and policy literature on bank loan loss provisioning (LLP) to identify several advances … smoothing, methodological issues in the bank loan loss provisions literature and the dynamic loan loss provisioning experiment …
Persistent link: https://www.econbiz.de/10012964664
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Closing ranks between prevention and management of systemic crises: A proposal to couple the ESRB with the ESM
Thomasius, Sebastian - 2018
On the occasion of related proposals by the European Commission and the Eurogroup, this paper proposes to entrust the ESM with the hosting of the ESRB in the medium term. The novel proposal aims at strengthening the macro-prudential expertise of the ESM and at enhancing the independence of the...
Persistent link: https://www.econbiz.de/10011896314
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The impact of macroprudential policy instruments on financial stability in Southern Europe
Lorenčič, Eva; Festić, Mejra - In: Naše gospodarstvo / Our Economy 68 (2022) 1, pp. 25-34
This paper is a contribution to the body of research examining the impact of macroprudential policy instruments on financial stability. The following hypothesis was tested (H1): Macroprudential policy instruments (household borrowing costs; interbank loans as a percentage of total loans; loan to...
Persistent link: https://www.econbiz.de/10014520671
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The impact of macroprudential policy on credit growth in nine euro area economies
Lorenčič, Eva; Volčjak, Robert; Festić, Mejra - In: Naše gospodarstvo / Our Economy 69 (2023) 2, pp. 1-14
In this paper, we investigate the impact of macroprudential policy measures (bundled together into a macroprudential policy index, MPI) on the non-financial corporate sector credit and household credit growth using a one-step system GMM empirical research method. The goal of our paper is to test...
Persistent link: https://www.econbiz.de/10014520672
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Financial stability, monetary policy, banking supervision, and central banking
Hellwig, Martin - 2014
since its creation, the systematic treatment contains four parts, first a systematic discussion of how a central bank … central bank decision making in an environment in which financial stability is an essential precondition for reaching the … central bank´s macroeconomic objective, e.g. price stability; finally, a discussion of the challenges for institution design …
Persistent link: https://www.econbiz.de/10010420311
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Shadow banking: Policy challenges for central banks
Moe, Thorvald Grung - 2014
Central banks responded with exceptional liquidity support during the financial crisis to prevent a systemic meltdown. They broadened their tool kit and extended liquidity support to nonbanks and key financial markets. Many want central banks to embrace this expanded role as "market maker of...
Persistent link: https://www.econbiz.de/10010513066
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New Paradigms in Monetary Theory and Policy?
Balling, Morten; Llewellyn, David T.; Orphanides, Athanasios - 2012
On 11-12 May 2011, SUERF and the Belgian Financial Forum, in association with the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) organized the 29th SUERF Colloquium “New Paradigms in Money and Finance?” All the papers in the present SUERF Study are based on...
Persistent link: https://www.econbiz.de/10011689952
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Money, Regulation and Growth: Financing New Growth in Europe
Bruni, Franco; Ganchev, Gancho; Tsenkov, Vladimir; … - 2014
On June 4-5, 2014, SUERF and Baffi Finlawmetrics jointly organised a Colloquium/Conference “Money, Regulation and Growth: Financing New Growth in Europe” at Bocconi University, Milan. The present SUERF Study includes a selection of papers based on the authors’ contributions to the Milan...
Persistent link: https://www.econbiz.de/10011689965