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Adverse feedback loop in the bank-based financial systems
Geršl, Adam; Jakubík, Petr - 2010
assumptions the feedback loop may play an important role. -- Procyclicality ; feedback loop ; bank regulation ; deleveraging …This paper examines procyclicality of the financial system. The introduction describes the natural and regulatory … sources of procyclicality, focusing on the potential procyclical effect of the current Basel II regulatory framework for banks …
Persistent link: https://www.econbiz.de/10008655603
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Adverse Feedback Loop in the Bank-Based Financial Systems
Gersl, Adam; Jakubík, Petr - Institut ekonomických studií, Univerzita Karlova v Praze - 2010
This paper examines procyclicality of the financial system. The introduction describes the natural and regulatory … sources of procyclicality, focusing on the potential procyclical effect of the current Basel II regulatory framework for banks … feedback loop whereby banks, in response to an economic downswing, engage in deleveraging and reduce their lending to the …
Persistent link: https://www.econbiz.de/10008526417
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Bank reactions after capital shortfalls
Kok Sørensen, Christoffer; Schepens, Glenn - 2013
time, focusing instead on a unweighted equity ratio target, we find evidence of deleveraging and lower loan growth for …
Persistent link: https://www.econbiz.de/10011590270
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Conservative stress testing: The role of regular verification
Geršl, Adam; Seidler, Jakub - 2010
This paper focuses on how to calibrate models used to stress test the most important risks in the banking system. Based on the results of a verification of the Czech National Bank's stress testing methodology, the paper argues that stress tests should be calibrated conservatively and slightly...
Persistent link: https://www.econbiz.de/10010322250
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Conservative stress testing : the role of regular verification
Geršl, Adam; Seidler, Jakub - 2010
This paper focuses on how to calibrate models used to stress test the most important risks in the banking system. Based on the results of a verification of the Czech National Bank’s stress testing methodology, the paper argues that stress tests should be calibrated conservatively and slightly...
Persistent link: https://www.econbiz.de/10008655612
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Banking reform
Jackson, Patricia; Davies, Howard; Miles, David; … - SUERF Conference on Banking Reform <2015, London>; … - 2016
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 College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011554963
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DETERMINANTS OF NONPERFORMING LOANS IN CENTRAL AND EASTERN EUROPEAN COUNTRIES: MACROECONOMIC INDICATORS AND CREDIT DISCIPLINE
MOINESCU, Bogdan-Gabriel - In: Review of Economic and Business Studies (2012) 10, pp. 47-58
adequate economic policy mix to prevent disorderly deleveraging in the banking system. The added value of this paper is twofold …
Persistent link: https://www.econbiz.de/10010877231
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Financial Sector during the Coronavirus Outbreak : Evidence from An Emerging Market
Huynh, Phat; Nguyen, Thuy Tien - 2021
This paper examines the impact of COVID-19 lockdown on daily stock returns of banks and financial institutions (BFI) in Vietnam. Employing the panel data regression models, this study examines the effect of daily COVID-19 positive cases to the stock returns – during pre-lockdown, lockdown, and...
Persistent link: https://www.econbiz.de/10013212305
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The rise of non-regulated financial intermediaries in the housing sector and its macroeconomic implications
Desgagnés, Hélène - 2017
I examine the impact of non-regulated lenders in the mortgage market using a dynamic stochastic general equilibrium (DSGE) model. My model features two types of financial intermediaries that differ in three ways: (i) only regulated intermediaries face a capital requirement, (ii) non-regulated...
Persistent link: https://www.econbiz.de/10011777922
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Systematic Financial Intermediation and Business Cycles
Borochin, Paul - 2020
Theory suggests that financial intermediation (FI) spurs economic growth by reducing investment frictions. Prior literature focuses on bank lending as a driver of economic growth, with limited success for US GDP. We augment bank balance sheet data with that from shadow banks, mutual and pension...
Persistent link: https://www.econbiz.de/10012842073