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Origins and Resolution of Financial Crises; Lessons from the Current and Northern European Crises

Ostrup, Finn; Oxelheim, Lars; Wihlborg, Clas - 2009

Since July 2007 the world economy has experienced a severe financial crisis originating in the U.S. housing market. The crisis has subsequently spread to the financial sectors in European and Asian economies and led to a severe worldwide recession. The existing literature on financial crises...

Persistent link: https://www.econbiz.de/10010320249

Instabile Finanzmärkte

Franke, Günter; Krahnen, Jan Pieter - 2009

sinnvolle Reform der Regulierung ableiten. Neben den Anreizproblemen, die Gegenstand einer weiteren Arbeit sind (Franke …

Persistent link: https://www.econbiz.de/10010303746

Structured finance influence on financial market stability: Evaluation of current regulatory developments

Schütz, Sebastian A. - 2010

worldwide political institutions to approve a more rigorous regulation on financial institutions and predict financial crises … EU regulation on credit rating agencies and current Basel II enhancements. Finally we can determine that most regulatory …

Persistent link: https://www.econbiz.de/10010286569

The global financial crisis: Lessons for European Integration

Dabrowski, Marek - 2009

The purpose of this paper is to analyze the various challenges facing European integration and the EU institutional architecture as result of the global financial crisis. The European integration process is not yet complete, both in terms of its content and geographical coverage. It can be...

Persistent link: https://www.econbiz.de/10011430830

Do S&P's Corporate Ratings Reflect Credit Shocks?

Elsas, Ralf; Mielert, Sabine - 2009

Persistent link: https://www.econbiz.de/10010427775

Bank ratings: what determines their quality?

Hau, Harald; Langfield, Sam; Marqués-Ibáñez, David - 2012

This paper examines the quality of credit ratings assigned to banks in Europe and the United States by the three largest rating agencies over the past two decades. We interpret credit ratings as relative assessments of creditworthiness, and define a new ordinal metric of rating error based on...

Persistent link: https://www.econbiz.de/10011605529

The Optimal Regulation of Credit Rating Agencies

Forster, Josef - 2008

& Immordino (2007), we study the optimal regulation of CRAs in a model where rating quality is unobservable and enforcing … regulation is costly. The model shows that minimum rating standards increase the social value of credit ratings. The model also … analyzes implications for regulation in the presence of conflicts of interest between the CRA and the rated clients by direct …

Persistent link: https://www.econbiz.de/10010427528

Staatliche Banken können schwache Bankenregulierung kompensieren

Shortland, Anja - In: DIW Wochenbericht 77 (2010) 37, pp. 11-15

Staatliche Banken können eine wichtige Rolle bei der Sicherung der Funktionsfähigkeit von Finanzsystemen und für die gesamtwirtschaftliche Entwicklung spielen. Dies gilt offenbar vor allem dann, wenn die Bankenregulierung schwach ist und Banken nicht ausreichend überwacht werden. Die...

Persistent link: https://www.econbiz.de/10011602230

Financial turmoil in the banking sector and the Asian Lamfalussy Process: The case of four economies

Hsu, Chen-min; Liao, Chih-feng - 2010

fragmented financial regulatory structure is not worse than under integrated regulation. This implies that financial regulatory …

Persistent link: https://www.econbiz.de/10010286184

Monetary policy and capital regulation in the US and Europe

Cohen-Cole, Ethan; Morse, Jonathan - 2010

has partial control over bank regulation it can exercise regulatory lenience. Two, the Fed’s stronger output orientation … procyclical capital regulation. …

Persistent link: https://www.econbiz.de/10011605268