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premature to conclude that 'Too Big to Fail" has been solved, but macro-prudential regulation is now much more effective and …
Persistent link: https://www.econbiz.de/10012022346
problem. In the short run, we need relatively modest but firm regulation. Dodd-Frank looks pretty good in many ways, but still …
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We set out a stylised framework for the policies enacted to address the risks posed by systemically important institutions (SIIs) and to counter the too-big-to-fail (TBTF) problem, examining conceptually how far supervisory and resolution policies are complementary or substitutable. The...
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We examine sources of systemic risk (threshold size, complexity, and interconnectedness) with factors constructed from equity returns of large financial firms, after accounting for standard risk factors. From the factor loadings and factor returns, we estimate the implicit government subsidy for...
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This paper provides evidence on how the new international regulation on Global Systemically Important Banks (G … across 12 relevant regulatory announcement and designation events. We observe that the new regulation negatively affects the …-Big-to-Fail (TBTF) perception by investors. The fact that these valuation effects emerge from a regulation specifically designed to …
Persistent link: https://www.econbiz.de/10010412297
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