Similar Search Results

Italy : technical note on interconnectedness and spillover analysis

2013

Persistent link: https://www.econbiz.de/10010395807

Malaysia : financial sector assessment program ; banking system spillovers ; technical note

2014

Persistent link: https://www.econbiz.de/10010360325

Republic of Serbia : technical note ; financial sector assessment program update ; crisis management framework ; March 2010

2010

Persistent link: https://www.econbiz.de/10003986984

Australia : financial safety net and crisis management framework ; technical note

2012

Australia has a history of few bank failures, even fewer financial crises, and its banking sector emerged from the global financial crisis relatively well.1 With an eye toward international developments, the Australian authorities have taken commendable steps to strengthen the financial safety...

Persistent link: https://www.econbiz.de/10009679489

The Flight Home Effect: Evidence from the Syndicated Loan Market During Financial Crises

Giannetti, Mariassunta; Laeven, Luc - C.E.P.R. Discussion Papers - 2011

In the context of the global market for syndicated bank loans, we provide evidence that the collapse of international markets during financial crises can in part be explained by a flight home effect. We show that the home bias of lenders’ loan origination increases by approximately 20 percent...

Persistent link: https://www.econbiz.de/10009003373

A DSGE model of banks and financial intermediation with default risk

Wickens, Michael R. - C.E.P.R. Discussion Papers - 2011

This paper takes the view that a major contributing factor to the financial crisis of 2008 was a failure to correctly assess and price the risk of default. In order to analyse default risk in the macroeconomy, a simple general equilibrium model with banks and financial intermediation is...

Persistent link: https://www.econbiz.de/10009293986

Contingent Capital: The Case for COERCs

Pennacchi, George G.; Vermaelen, Theo; Wolff, Christian C - C.E.P.R. Discussion Papers - 2010

In this paper we propose a new security, the Call Option Enhanced Reverse Convertible (COERC). The security is a form of contingent capital, i.e. a bond that converts into equity when the market value of equity relative to debt falls below a certain trigger. The conversion price is set...

Persistent link: https://www.econbiz.de/10008677232

Complexity and Monetary Policy

Orphanides, Athanasios; Wieland, Volker - C.E.P.R. Discussion Papers - 2012

The complexity resulting from intertwined uncertainties regarding model misspecification and mismeasurement of the state of the economy defines the monetary policy landscape. Using the euro area as laboratory this paper explores the design of robust policy guides aiming to maintain stability in...

Persistent link: https://www.econbiz.de/10011084255

Political Credit Cycles: The Case of the Euro Zone

Fernández-Villaverde, Jesús; Garicano, Luis; Santos, Tano - C.E.P.R. Discussion Papers - 2013

of the reform process and the institutional deterioration, in turn, not only reduced their growth prospects but also fed … nature of the cycle was already evident. We analyze empirically the interrelation between the financial boom and the reform … process in Greece, Spain, Ireland, and Portugal and, by way of contrast, in Germany, a country that did experience a reform …

Persistent link: https://www.econbiz.de/10011084343

Structural and Cyclical Forces in the Labor Market During the Great Recession: Cross-Country Evidence

Sala, Luca; Söderström, Ulf; Trigari, Antonella - C.E.P.R. Discussion Papers - 2012

We use an estimated monetary business cycle model with search and matching frictions in the labor market and nominal price and wage rigidities to study four countries (the U.S., the U.K., Sweden, and Germany) during the financial crisis and the Great Recession. We estimate the model over the...

Persistent link: https://www.econbiz.de/10011083316