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Banks, politics and European Monetary Union

Hellwig, Martin - 2019

This contribution to the panel on the future to EMU discusses the tensions that arise from the fact that banks are, on the one hand, an essential element of the monetary transmission mechanism and, on the other hand, an integral part of local, regional or national polities. Banking union can...

Persistent link: https://www.econbiz.de/10012153354

Securitization, deregulation, economic stability, and financial crisis

Tymoigne, Éric (contributor) - 2009

This study analyzes the trends in the financial sector over the past 30 years, and argues that unsupervised financial innovations and lenient government regulation are at the root of the current financial crisis and recession. Combined with a long period of economic expansion during which...

Persistent link: https://www.econbiz.de/10003942985

Cournot fire sales

Eisenbach, Thomas M.; Phelan, Gregory - 2018

illiquid assets or underprovision of liquidity. We investigate whether imperfect competition (Cournot) improves welfare through … internalizing the externality and find that this is far from guaranteed. In a standard model of liquidity shocks, when liquidity is … sufficiently scarce, Cournot competition leads to even less liquidity than the Walrasian equilibrium. In a standard model of …

Persistent link: https://www.econbiz.de/10011806238

Credit risk transfer and de facto GSE reform

Finkelstein, David L.; Strzodka, Andreas; Vickery, James - 2018

disrupting the liquidity or stability of mortgage secondary markets. In the process, the programs have created a new financial … market for pricing and trading mortgage credit risk, which has grown in size and liquidity over time. The CRT programs …

Persistent link: https://www.econbiz.de/10011806244

The role of deposit guarantee schemes (DGSs) within the crisis management framework

Gortsos, Christos V. - 2020

The present study undertakes an overview of the role of deposit guarantee schemes (DGSs) within the banking crisis management framework. It is structured in four Section:Section 1 discusses the policy objectives of DGSs, namely the protection of depositors and the contribution to the stability...

Persistent link: https://www.econbiz.de/10012437049

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

The funds concentration effect and discriminatory bailout

Erlenmaier, Ulrich; Gersbach, Hans - 2001

In the presence of macroeconomic shocks severe enough to threaten the liquidity or solvency of the banking system, the …

Persistent link: https://www.econbiz.de/10011400865

Allocating losses: bail-ins, bailouts and bank regulation

Keister, Todd; Mitkov, Yuliyan - 2020

We study the interaction between a government's bailout policy and banks' willingness to impose losses on (or \bail in") their investors. The government has limited commitment and may choose to bail out banks facing large losses. The anticipation of this bailout undermines a bank's private...

Persistent link: https://www.econbiz.de/10012418049

Home country versus cross-border negative externalities in barge banking organization failures and how to avoid them

Eisenbeis, Robert A. (contributor) - 2006

suggests that the chief negative externalities are associated with credit losses and losses due to liquidity problems, and …

Persistent link: https://www.econbiz.de/10003730539

Speedy bankruptcy procedures and bank bailouts

Ueda, Kenichi - 2019

Persistent link: https://www.econbiz.de/10014289812

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