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Preferential regulatory treatment and banks' demand for government bonds
Bonner, Clemens - de Nederlandsche Bank - 2014
analysis suggests that preferential treatment in liquidity and capital regulation increases banks' demand for government bonds … beyond their own risk appetite. Liquidity and capital regulation also seem to incentivize banks to substitute other bonds …
Persistent link: https://www.econbiz.de/10010812608
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Global liquidity regulation - Why did it take so long?
Bonner, Clemens; Hilbers, Paul - de Nederlandsche Bank - 2015
The purpose of this paper is to assess the history of global liquidity regulation until the revised Basel III proposals … in 2013 and to analyze the interaction of capital regulation and banks' liquidity buffers. Our analysis suggests that … regulating capital is associated with declining liquidity uffers. The interaction of liquidity regulation and monetary policy as …
Persistent link: https://www.econbiz.de/10011127195
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The Impact of the LCR on the Interbank Money Market
Bonner, Clemens; Eijffinger, Sylvester - de Nederlandsche Bank - 2012
This paper analyzes the impact of a liquidity requirement similar to the Basel 3 Liquidity Coverage Ratio (LCR) on the … banks from 2005 to 2011, we show that banks which are just above/below their short-term regulatory liquidity requirement pay … liquidity requirement's 30 day horizon. Being close to the minimum liquidity requirement induces banks to increase borrowing …
Persistent link: https://www.econbiz.de/10010757285
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China's March to Prosperity: Reforms to Avoid the Middle-income Trap
Koen, Vincent; Herd, Richard; Hill, Sam - Economics Department, Organisation de Coopération et … - 2013
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
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Regulation of Financial Systems and Economic Growth
Serres, Alain de; Kobayakawa, Shuji; Sløk, Torsten; … - Economics Department, Organisation de Coopération et … - 2006
This paper examines whether regulation that is more conducive to competitive and efficient financial systems has a significant positive impact on sectoral output and productivity growth in a sample of 25 OECD countries. More specifically, following a methodology used by Rajan and Zingales...
Persistent link: https://www.econbiz.de/10005045781
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Depositor and Investor Protection in the EU and the Netherlands: A Brief History
Garcia, Gillian; Prast, Henriette - de Nederlandsche Bank - 2003
This paper provides some history of deposit insurance and investor protection in the Netherlands against the background of the history of such protection in the European Union, EU-legislation and the recent changes in the design of financial supervision in the Netherlands. It discusses how...
Persistent link: https://www.econbiz.de/10005101939
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Financial Sector Reform in India: Time for a Second Wave?
Herd, Richard; Koen, Vincent; Patnaik, Ila; Shah, Ajay - Economics Department, Organisation de Coopération et … - 2011
The Indian financial system has changed considerably since the 1990s. Interest rates have been deregulated and new entrants allowed in the banking and the securities business. The Indian equity market has become world-class. New private banks have emerged that are more customer-oriented than the...
Persistent link: https://www.econbiz.de/10009149951
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Deconstructing Canada's Housing Markets: Finance, Affordability and Urban Sprawl
Cheung, Calista - Economics Department, Organisation de Coopération et … - 2014
House prices have increased significantly in Canada over the past decade, driving household debt and residential construction activity to historical highs. Although macro-prudential tightening has slowed the pace of household borrowing in the last few years, house prices have continued to trend...
Persistent link: https://www.econbiz.de/10011276860
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Deleveraging: Challenges, Progress and Policies
Bouis, Romain; Christensen, Ane Kathrine; Cournède, Boris - Economics Department, Organisation de Coopération et … - 2013
In the run-up to the financial crisis, indebtedness of households and non-financial businesses rose to historically high levels in many OECD countries; gross debt of financial companies rose dramatically relative to GDP. Much of the debt accumulation appears to have been based on excessive...
Persistent link: https://www.econbiz.de/10011276972
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Overcoming the Financial Crisis in the United States
Michelis, Andrea de - Economics Department, Organisation de Coopération et … - 2009
The global financial crisis that emerged in mid 2007 has caused considerable economic disruptions in the United States and elsewhere, and exposed major flaws in the global financial system. After examining the origins of the crisis, this paper recommends specific policy responses to resolve the...
Persistent link: https://www.econbiz.de/10005045609