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Bailout uncertainty in a microfounded general equilibrium model of the financial system

Cukierman, Alex; Izhakian, Yehuda - In: Journal of Banking & Finance 52 (2015) C, pp. 160-179

of governmental bailouts on leverage, interest rates, the volume of defaults and the real economy. The distinction …

Persistent link: https://www.econbiz.de/10011209863

Bailout Uncertainty in a Microfounded General Equilibrium Model of the Financial System

Cukierman, Alex; Izhakian, Yehuda - C.E.P.R. Discussion Papers - 2011

of governmental bailouts on leverage, interest rates, the volume of defaults and the real economy. The distinction … and systemic risks, (v) Expansionary monetary policy reinforces those effects by inducing higher aggregate leverage levels. …

Persistent link: https://www.econbiz.de/10009144737

Why the transfer of bank supervisory powers back to the Bank of England is a step in the right direction: Revisiting the role of external auditors in bank and financial services su...

Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2012

The need for effective supervision of capital markets is becoming all the more evident in the aftermath of the recent … paper is aimed at highlighting why the transfer of bank supervision back to the Bank of England is required if further … progress is to be made in the effective regulation and supervision of the financial services sector. It also highlights …

Persistent link: https://www.econbiz.de/10011259086

John Maynard Keynes: Is That you Knocking on the Door?

Kowalski, Tadeusz; Shachmurove, Yochanan - Zakład Ekonometrii Stosowanej, Szkoła Główna … - 2011

This paper provides an overview of the evolution of macroeconomic thought from 1936, the year John Maynard Keynes published his general theory of employment, interest and money to the year 2010. It explores the reasons for the extension of the business cycle during the postwar period. The paper...

Persistent link: https://www.econbiz.de/10009293018

An Historical Walk Through Recent Financial Crises

Kowalski, Tad; Shachmurove, Yochanan - 2011

This paper analyzes the causes and implications of recent financial crises. Financial crises in general lead to changes in both theory and practice of economics. The paper takes an historical overview. The global consensus of economic theory during the 20th century is discussed. The paper...

Persistent link: https://www.econbiz.de/10014180395

An Historical Walk Through Recent Financial Crises

Kowalski, Tadeusz; Shachmurove, Yochanan - Department of Economics, University of Pennsylvania - 2011

Persistent link: https://www.econbiz.de/10009145755

Central bank’s role and involvement in bank regulation: Lender of last resort arrangements and the Special Resolution Regime (SRR)

Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2009

in financial regulation and supervision. The aftermath of the 2007/08 financial crisis has witnessed the enactment of … view that central banks should assume a greater role in supervision, this paper not only seeks to justify why such a degree …

Persistent link: https://www.econbiz.de/10009323454