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Bianchi, Javier - 2012

We develop a quantitative equilibrium model of financial crises to assess the interaction between ex-post interventions in credit markets and the buildup of risk ex ante. During a systemic crisis, bailouts relax balance sheet constraints and mitigate the severity of the recession. Ex ante, the...

Persistent link: https://www.econbiz.de/10013096860

Durable Financial Regulation : Monitoring Financial Instruments as a Counterpart to Regulating Financial Institutions

Nakamura, Leonard Isamu - 2011

This paper sets forth a discussion framework for the information requirements of systemic financial regulation. It …

Persistent link: https://www.econbiz.de/10013125587

Testing Macroprudential Stress Tests : The Risk of Regulatory Risk Weights

Acharya, Viral V. - 2013

Macroprudential stress tests have been employed by regulators in the United States and Europe to assess and address the …

Persistent link: https://www.econbiz.de/10013083085

Macroprudential Policies in Open Emerging Economies

Hahm, Joon-ho - 2012

This paper examines macroprudential policies in open emerging economies. It discusses how the recent financial crisis … has provided a rationale for macroprudential policies to help manage the economy and the need for policymakers to monitor … cycle, the growth of non-core liabilities of the financial sector, and evaluates macroprudential policy frameworks. The …

Persistent link: https://www.econbiz.de/10013111747

Bail-Ins and Bail-Outs : Incentives, Connectivity, and Systemic Stability

Bernard, Benjamin - 2017

This paper endogenizes intervention in financial crises as the strategic negotiation between a regulator and creditors of distressed banks. Incentives for banks to contribute to a voluntary bail-in arise from their exposure to financial contagion. In equilibrium, a bail-in is possible only if...

Persistent link: https://www.econbiz.de/10012948447

Bank Sovereign Bond Holdings, Sovereign Shock Spillovers, and Moral Hazard During the European Crisis

Beltratti, Andrea - 2015

From 2010 to 2012, the relation between bank stock returns from European Union (EU) countries and the returns on sovereign CDS of peripheral (GIIPS) countries is negative. We use days with tail sovereign CDS returns of peripheral countries to identify the effects of shocks to the cost of...

Persistent link: https://www.econbiz.de/10013022926

Predatory Short Selling

Brunnermeier, Markus Konrad - 2013

Financial institutions may be vulnerable to predatory short selling. When the stock of a financial institution is shorted aggressively, leverage constraints imposed by short-term creditors can force the institution to liquidate long-term investments at fire sale prices. For financial...

Persistent link: https://www.econbiz.de/10013074650

Understanding Financial Crises : A Developing Country Perspective

Mishkin, Frederic S. - 2000

inforamtion framework shows why the banking sector is so important to the economy, and provides a rationale for bank regulation …

Persistent link: https://www.econbiz.de/10012789112

How Does Macroprudential Regulation Change Bank Credit Supply?

Kashyap, Anil K. - 2014

how capital regulation, liquidity regulation, deposit insurance, loan to value limits, and dividend taxes interact to … offset these frictions. We compare agents welfare in the decentralized equilibrium absent regulation with welfare in … equilibria that prevail with various regulations that are optimally chosen. In general, regulation can lead to Pareto …

Persistent link: https://www.econbiz.de/10013053165

Answering the Queen : Machine Learning and Financial Crises

Fouliard, Jeremy; Howell, Michael J.; Rey, Hélène - 2022

Financial crises cause economic, social and political havoc. Macroprudential policies are gaining traction but are …

Persistent link: https://www.econbiz.de/10014243066