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Strategic Complementarity, Fragility, and Regulation

Vives, Xavier - 2013

liquidity risk and characterizes them. Both a solvency (leverage) and a liquidity ratio are required to control the …

Persistent link: https://www.econbiz.de/10013092690

Government Guarantees and Bank Risk Taking Incentives

Fischer, Markus; Hainz, Christa; Rocholl, Jörg; … - CESifo - 2014

This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of …

Persistent link: https://www.econbiz.de/10010752789

On the Incidence of a Financial Transactions Tax in a Model with Fire Sales

Bierbrauer, Felix - 2012

financial transactions tax is entirely neutral. Second, in a model with correlated investment risk and short-term financing of …

Persistent link: https://www.econbiz.de/10013104166

Government Guarantees and Bank Risk Taking Incentives

Fischer, Markus - 2014

This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of …

Persistent link: https://www.econbiz.de/10013055384

Central Banking and Financial Stability in the Long Run

Cao, Jin - 2013

Most theoretical central bank models use short horizons and focus on a single tradeoff. However, in reality central banks play complex, long horizon games and face more than one tradeoff. We account for these issues in a simple infinite horizon game with a novel tradeoff: higher rates deter...

Persistent link: https://www.econbiz.de/10013080504

Financial Reform and Banking Crises

Shehzad, Choudhry Tanveer - 2013

We examine the impact of various dimensions of financial reform on the likelihood of systemic and non-systemic banking crises. Using new financial reform measures for a large sample of developing and developed countries for the period 1973 to 2002, our multivariate probit modeling results...

Persistent link: https://www.econbiz.de/10013095277

Endogenous Systemic Liquidity Risk

Cao, Jin - 2013

, 2008), this paper analyses the adequate policy response to endogenous systemic liquidity risk. We analyse the feedback …

Persistent link: https://www.econbiz.de/10013095988

Liquidity Shortages and Monetary Policy

Cao, Jin; Illing, Gerhard - 2021

The paper models the interaction between risk taking in the financial sector and central bank policy for the case of … pure illiquidity risk. It is shown that, when bad states are highly unlikely, public provision of liquidity may improve the … allocation, even though it encourages more risk taking (less liquid investment) by private banks. In general, however, there is …

Persistent link: https://www.econbiz.de/10013316591

Contagion in Financial Networks : A Threat Index

Demange, Gabrielle - 2015

Interbank claims are a concern to regulators as they might facilitate the dissemination of defaults and generate spill-over effects. Building on a simple model, this paper introduces a measure of the spill-over effects that a bank generates when it defaults. The measure is based on an explicit...

Persistent link: https://www.econbiz.de/10013023198

Drivers and Obstacles to Banking SMEs: The Role of Competition and the Institutional Framework

Torre, Augusto de la; Pería, María Soledad Martínez; … - CESifo - 2009

Small and medium enterprises (SMEs) are important for employment and economic activity; however, they are perceived to lack adequate financing, which hampers their growth. As a consequence, governments have implemented a number of programs to foster SME lending and attention has focused on...

Persistent link: https://www.econbiz.de/10004979421