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Levitin, Adam; Wachter, Susan - Volkswirtschaftliche Fakultät, … - 2012

. First, it demonstrates that the bubble was a supply-side phenomenon attributable to an excess of mispriced mortgage finance …: mortgage-finance spreads declined and volume increased, even as risk increased—a confluence attributable only to an oversupply … of mortgage finance. Second, it explains the mortgage-finance supply glut as resulting from the failure of markets to …

Persistent link: https://www.econbiz.de/10011261024

Burnout from pools to loans: Modeling refinancing prepayments as a self-selection process

Gan, Jumwu - Volkswirtschaftliche Fakultät, … - 2009

a mortgage cohort remembers the level of the previous mortgage rate troughs experienced by the cohort. This is a general … prepayment of a cohort is a dynamic self-selection process that evolves by itself according to the encountered mortgage rate …

Persistent link: https://www.econbiz.de/10005668404

Global Financial Crisis and Mortgage Finance and Valuation Problems: An Assesment of the US and Turkish Mortgage Systems

Coskun, Yener - Volkswirtschaftliche Fakultät, … - 2010

. Due to both primary and secondary mortgage market problems in the U.S. are accepted as the essential reasons of the … condiders the importance of real estate valuation in the origination of crisis and whether Turkish mortgage market has similar …

Persistent link: https://www.econbiz.de/10009370819

Redefining a role for central banks: The increased importance of central banks’ roles in the management of liquidity risks and macro prudential supervision in the aftermath of the Financial Crisis

Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2010

Over the recent years, it has increasingly been acknowledged that macro prudential policies are not only considered to be “a missing ingredient from the current policy framework”, but that there has also been “too huge a gap between macro economic policy and the regulation of individual...

Persistent link: https://www.econbiz.de/10008683306

Union bancaire européenne permet-elle de sauver l’euro ?

Dai, Meixing; SARFATI, Samuel - Volkswirtschaftliche Fakultät, … - 2012

L’épineux problème d’interaction négative entre crise de la dette souveraine et crise bancaire au niveau national empêche une transmission efficace des effets de la politique monétaire unique et menace l’existence même de la zone euro. En réponse à la crise de l’euro et après...

Persistent link: https://www.econbiz.de/10011108751

Government interventions in banking crises: Assessing alternative schemes in a banking model of debt overhang

Dietrich, Diemo; Hauck, Achim - Volkswirtschaftliche Fakultät, … - 2010

We evaluate policy measures to stop the fall in loan supply following a banking crisis. We apply a dynamic framework in which a debt overhang induces banks to curtail lending or to choose a fragile capital structure. Government assistance conditional on new banking activities, like on new...

Persistent link: https://www.econbiz.de/10008531933

États-Unis,“soupe primitive” de la crise financière

Brack, Estelle - Volkswirtschaftliche Fakultät, … - 2009

It is likely that such a crisis could not be born somewhere else only in the United States. The "current financial disaster" is the fruit of the combination of specific factors in the US, where elements were gathered to catalyse such a crisis, like, someway, some "primal soup" where were...

Persistent link: https://www.econbiz.de/10008543034

Have more strictly regulated banking systems fared better during the recent financial crisis?

Ahrend, Rudiger; Arnold, Jens; Murtin, Fabrice - Volkswirtschaftliche Fakultät, … - 2009

We assess whether during the recent financial crisis banking systems in countries with more stringent prudential banking regulation have proved more stable. We find indicators of regulatory strength to be relatively well correlated with the extent to which countries have escaped damage during...

Persistent link: https://www.econbiz.de/10008545991

Financial Inclusion for Stability: Access to Bank Deposits and the Deposit Growth during the Global Financial Crisis

Han, Rui; Melecky, Martin - Volkswirtschaftliche Fakultät, … - 2013

In crisis times, depositors get anxious, can run on banks, and withdraw their deposits. Correlated withdrawals of bank deposits could be mitigated if bank deposits are more diversified, i.e. held by more individuals. This paper examines the link between a broader access to bank deposits prior to...

Persistent link: https://www.econbiz.de/10010678307

Analysis of Non-Fund Based Financial Services: Some Insights From Inida

Kainth, Dr Gursharan Singh - Volkswirtschaftliche Fakultät, … - 2010

Merchant banking services strengthen the economic development of a country as they acts as sources of funds and information for corporations. Considering the way the Indian economy is growing, the role of merchant banking services in India is indispensable. These financial institutes also act as...

Persistent link: https://www.econbiz.de/10008927075