Search Results - subject:"” systemic risk"

How risky is monetary policy? : the effect of monetary policy on systemic risk in the Euro area

Leitner, Georg; Hübel, Teresa; Wolfmayr, Anna; … - 2021

Persistent link: https://www.econbiz.de/10012501654

The role of financial stability considerations in monetary policy and the interaction with macroprudential policy in the euro area

2021

Since the European Central Bank’s (ECB’s) 2003 strategy review, the importance of macro-financial amplification channels for monetary policy has increasingly gained recognition. This paper takes stock of this evolution and discusses the desirability of further incremental enhancements in the...

Persistent link: https://www.econbiz.de/10012650769

The impact of seven macroprudential policy instruments on financial stability in six euro area economies

Lorenčič, Eva; Festić, Mejra - In: Národohospodářský obzor : časopis věnovaný … 21 (2021) 3, pp. 259-290

The aim of this paper is to investigate whether macroprudential policy instru-ments can influence the credit growth rate and hence financial stability. We use a fixed effects panel regression model to test the following hypothesis for six euro area econo-mies (Austria, Finland, Germany, Italy,...

Persistent link: https://www.econbiz.de/10012651338

Strategic default in financial networks

Allouch, Nizar; Jalloul, Maya; Duncan, Alfred - 2021

. The algorithm provides a ranking for the set of Nash equilibria, which can serve as a measure of systemic risk. Finally …

Persistent link: https://www.econbiz.de/10012655559

Stress spillovers among financial markets : evidence from Spain

Andrada Félix, Julián; Fernandez-Perez, Adrian; … - In: Journal of risk and financial management : JRFM 14 (2021) 11, pp. 1-21

Using a unique database, this paper examines the interconnection among stress indicators of the Spanish financial markets during the period of January 1999 to April 2021, applying both the connectedness framework and the Time-Varying Parameter Vector Autoregressive connectedness approach. Our...

Persistent link: https://www.econbiz.de/10012795265

Revisiting the link between systemic risk and competition based on network theory and interbank exposures

Bátiz-Zuk, Enrique; Lara-Sánchez, José L. - 2021

competition and systemic risk. We use counterfactual bank-level contagion risk indicators as a proxy of systemic risk to assess … bank-level Lerner index and systemic risk. This means that an increase in competition is associated with an increase in … systemic risk. Additionally, we find that the implementation of regulatory reform during the period studied does not affect …

Persistent link: https://www.econbiz.de/10012796834

Systemic risk calculation in the Iranian banking system, employing the conditional value-at-risk approach (2009-2019)

Naseri, Seyed Ali; Jabalameli, Farkhondeh; Dorbash, … - In: Iranian economic review : journal of University of Tehran 25 (2021) 4, pp. 623-639

Persistent link: https://www.econbiz.de/10012806650

Bank credit and money creation on payment networks : a structural analysis of externalities and key players

Li, Ye; Li, Yi; Sun, Huijun - 2021

This paper documents a strong connection between payment system and credit supply. The dual role of deposits as financing instruments for banks and means of payment for bank customers implies spillover effects of bank lending. After a bank finances loans with new deposits, the deposit holders'...

Persistent link: https://www.econbiz.de/10012816483

Essays on systemic risk and financial stability

Kund, Arndt-Gerrit - 2021

Persistent link: https://www.econbiz.de/10012818075

Non-bank financial intermediaries and financial stability

Aramonte, Sirio; Schrimpf, Andreas; Shin, Hyun Song - 2021 - This version: October 27, 2021

Persistent link: https://www.econbiz.de/10012798253