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credit more than other banks. However, higher and better-quality capital mitigated this effect. Our results suggest that …. Using data from the syndicated loan market, we exploit variation in banks’ reliance on wholesale funding and their … bank credit. We find that banks with strong balance sheets were better able to maintain lending during the crisis. In …
Persistent link: https://www.econbiz.de/10011142046
There has recently been a proliferation of new quantitative tools as part of various initiatives to improve the monitoring of systemic risk. The "SysMo" project takes stock of the current toolkit used at the IMF for this purpose. It offers detailed and practical guidance on the use of current...
Persistent link: https://www.econbiz.de/10011123862
The paper proposes a simple, new, analytical framework for assessing the cost and benefits of macroprudential policies. It proposes a measure of net benefits in terms of parameters that can be estimated: the probability of crisis, the loss in output given crisis, policy effectiveness in bringing...
Persistent link: https://www.econbiz.de/10011242344
the implications for financial stability, exploiting a bank-level dataset that covers about 11,000 banks in the U.S. and … Europe during 2001?09. The results show that banks with weaker structural liquidity and higher leverage in the pre …-section, the smaller domestically-oriented banks were relatively more vulnerable to liquidity risk, while the large cross …
Persistent link: https://www.econbiz.de/10009650626
That most corporate tax systems favor debt over equity finance is now widely recognized as, potentially, amplifying risks to financial stability. This paper makes a first attempt to explore, empirically, the link between this tax bias and the probability of financial crisis. It finds that...
Persistent link: https://www.econbiz.de/10011123854
College) gave the SUERF 2015 Annual Lecture on Capital and Banks. The conference focused on core aspects of banking reform …On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame … Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial …
Persistent link: https://www.econbiz.de/10011557140
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banks …
Persistent link: https://www.econbiz.de/10011906282
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