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Shadow banking : financial intermediation beyond banks

Adrian, Tobias; Chrétien, Edouard; Chui, Michael; … - Shadow Banking: Financial Intermediation beyond Banks …; … - 2018

Persistent link: https://www.econbiz.de/10011790739

Who pays for bank insolvency?

Mayes, David G. (contributor); Liuksila, Aarno (contributor) - 2004

Persistent link: https://www.econbiz.de/10001790336

Special Issue: Financial stability, bank risk, and regulation in the light of the crisis

Papanikolaou, Nikolaos I. (contributor) - 2014

Persistent link: https://www.econbiz.de/10011301298

Improving Banking Supervision

Mayes, David G. - Suomen Pankki - 1998

This paper explains how banking supervision within the EU, and in Finland in particular, can be improved by the implementation of greater market discipline and related changes. Although existing EU law, institutions, market structures and practices of corporate governance restrict the scope for...

Persistent link: https://www.econbiz.de/10005419681

On the Problems of Home Country Control

Mayes, David; Vesala, Jukka - Suomen Pankki - 1998

In the European Economic Area the home country supervises the activities of its banks, wherever they are operating via branches or across borders, while the host country handles the stability of its financial system and problems stemming from failure or distress. We address two main problems...

Persistent link: https://www.econbiz.de/10005648839

Multiple safety net regulators and agency problems in the EU: is Prompt Corrective Action a partial solution?

Mayes, David G; Nieto, Maria J; Wall, Larry - Suomen Pankki - 2007

Prompt Corrective Action (PCA) provides a more efficient mechanism for dealing with problem banks operating in more than one European country. In a PCA framework, a bank’s losses are likely to be substantially reduced. This reduction in the losses to deposit insurance and governments will...

Persistent link: https://www.econbiz.de/10005648938

A Market Based Approach to Maintaining Systemic Stability. Experiences from New ZealandA Market Based Approach to Maintaining Systemic Stability. Experiences from New Zealand

Mayes, David - Suomen Pankki - 1997

As a response to the concerns over the scale of banking failures in several OECD countries over the last decade, this paper explores the advantages of the new market disclosure regime that was implemented in New Zealand in 1996. It finds that, although New Zealand has many special features which...

Persistent link: https://www.econbiz.de/10005190729

Markets, Reserves and Lenders of Last Resort as Sources of Bank Liquidity

Herrala, Risto - Suomen Pankki - 2000

We study the long standing issue of whether markets can supply banks with sufficient liquidity or whether markets … model of Holmström and Tirole (1998) on the supply of liquidity to firms. H&Ts original model analyses liquidity supply to … problems associated with transitory liquidity outflows, even absent any change in a bank's value. Our premise is that the scope …

Persistent link: https://www.econbiz.de/10005419679

The Overnight Rate of Interest under Averaged Reserve Requirements

Välimäki, Tuomas - Suomen Pankki - 1998

Averaging the reserve requirement is often considered an efficient way to reduce volatility at the very short end of the money market yield curve. The Bank of Finland began to apply an averaging provision at the beginning of October 1995. Notably, the volatility of the overnight rate of interest...

Persistent link: https://www.econbiz.de/10005423707

Sovereign risk, European crisis resolution policies and bond yields

Kilponen, Juha; Laakkonen, Helinä; Vilmunen, Jouko - Suomen Pankki - 2012

We study the effects of the ECB monetary policy and the European crisis resolution policies on the 10 year sovereign bond yields of seven European countries. We find that some of the decisions have had significant impact on sovereign bond yields and have succeeded in reducing stress in the...

Persistent link: https://www.econbiz.de/10011191539