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Shadow banking and financial stability under limited deposit insurance

Voellmy, Lukas - 2019

I study the relation between shadow banking and financial stability in an economy in which banks are susceptible to self-fulfilling runs and in which government-backed deposit insurance is limited. Shadow banks issue only uninsured deposits while commercial banks issue both insured and uninsured...

Persistent link: https://www.econbiz.de/10012135982

Liquidity in resolution : estimating possible liquidity gaps for specific banks in resolution and in a systemic crisis

Amamou, Raschid; Baumann, Andreas; Chalamandaris, Dimitrios - 2020

This paper contributes to the debate on liquidity in resolution by providing a quantitative assessment of liquidity … gaps of banks in resolution in the euro area. It estimates possible ranges of liquidity gaps for significant banks under … different assumptions and scenarios. The findings suggest that, while the average liquidity gaps in resolution are limited, the …

Persistent link: https://www.econbiz.de/10012313295

(Pro?)-cyclicality of collateral haircuts and systemic illiquidity

Glaser, Florian; Panz, Sven - 2016

Procyclicality of collateral haircuts and margins has become a widely proclaimed behavior and is currently discussed … not only by academic literature but also by regulatory authorities in Europe. Procyclicality of haircuts is assumed to be … a trigger of liquidity spirals due to its tightening effect of collateral portfolio values in times of market distress …

Persistent link: https://www.econbiz.de/10011975294

From the horse's mouth : surveying responses to stress by banks and insurers

Brinkhoff, Jeroen; Langfield, Sam; Weeken, Olaf - 2018

Existing stress tests do not capture feedback loops between individual institutions and the financial system. To identify feedback loops, the European Systemic Risk Board has developed macroprudential surveys that ask banks and insurers how they would behave in a macroeconomic stress scenario....

Persistent link: https://www.econbiz.de/10011925698

Systemic illiquidity in the interbank network

Ferrara, Gerardo; Langfield, Sam; Liu, Zijun; Ota, Tomohiro - 2018

We study systemic illiquidity using a unique dataset on banks' daily cash flows, short-term interbank funding and liquid asset buffers. Failure to roll-over short-term funding or repay obligations when they fall due generates an externality in the form of systemic illiquidity. We simulate a...

Persistent link: https://www.econbiz.de/10011978830

Debt holder monitoring and implicit guarantees : did the BRRD improve market discipline?

Cutura, Jannic Alexander - 2020

This paper argues that the European Unions Banking Recovery and Resolution Directive (BRRD) improved market discipline in the European bank market for unsecured debt. The different impact of the BRRD on bank bonds provides a quasi-natural experiment that allows to study the effect of the BRRD...

Persistent link: https://www.econbiz.de/10012291204

The rents of banking : a public choice approach to bank regulation

Buck, Florian Christopher - 2015

The rise of a crisis-prone banking sector and its political power has received significant attention following the most recent financial crisis. The crisis sparked a growing interest in understanding how and why we have created a world of large, unstable banks. Excessive banking activity arose...

Persistent link: https://www.econbiz.de/10011742914

Forbearance, resolution and deposit insurance

European Systemic Risk Board / Advisory Scientific Committee - 2012

The report discusses a variety of issues involving difficulties in the banking sector, with a view to ascertaining the appropriate institutional infrastructure in the context of the European Union and the euro area. Forbearance on the part of banks dealing with delinquent borrowers is...

Persistent link: https://www.econbiz.de/10011971040

Bankinsolvenz und Einlegerschutz : Analyse und Beurteilung der Entwicklung in der Schweiz

Ziegler, Suzanne - 2014

Persistent link: https://www.econbiz.de/10010513581

When gambling for resurrection is too risky

Kirti, Divya - 2018

Rather than taking on more risk, US insurers hit hard by the crisis pulled back from risk taking, relative to insurers hit less hard by the crisis. Capital requirements alone do not explain this risk reduction: insurers hit hard reduced risk within assets with identical regulatory treatment....

Persistent link: https://www.econbiz.de/10011848370

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