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In this paper we introduce two measures, the Systemic Liquidity Buffer (SLB) and the Systemic Liquidity Shortfall (SLS) to assess liquidity in the banking system. The SLB takes an aggregated perspective on liquidity risks in the banking system. In contrast, the SLS focusses on the problematic...
Persistent link: https://www.econbiz.de/10012888139
US) investment banks and their subsequent, in most cases, bail-out by public funds – and on the real sector of the …
Persistent link: https://www.econbiz.de/10014354197
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/10011557140
multiple bank defaults driven by common shock exposure on asset markets, direct contagion via the interbank market, and …
Persistent link: https://www.econbiz.de/10010337579
financial sector and factors that explain why these strains lead to system-wide contagion and a possible credit crunch. Most of … that a financial crisis with its contagion within the system is caused by failures of legal, regulatory and political … crises would be reduced if appropriate institutions could be put in place Lacking appropriate institutions to avoid contagion …
Persistent link: https://www.econbiz.de/10003843236
financial sector and factors that explain why these strains lead to system-wide contagion and a possible credit crunch. Most of … that a financial crisis with its contagion within the system is caused by failures of legal, regulatory and political … crises would be reduced if appropriate institutions could be put in place Lacking appropriate institutions to avoid contagion …
Persistent link: https://www.econbiz.de/10013134667
Persistent link: https://www.econbiz.de/10011284986
examination of the data on the Fed's bailout of the financial system - the most comprehensive investigation of the raw data to … and magnitude of the Fed's crisis response. The bottom line: a Federal Reserve bailout commitment in excess of $29 … trillion. -- Global Financial Crisis ; Fed Bailout ; Lender of Last Resort ; Term Auction Facility ; Central Bank Liquidity …
Persistent link: https://www.econbiz.de/10009388800
examination of the data on the Fed's bailout of the financial system — the most comprehensive investigation of the raw data to … and magnitude of the Fed's crisis response. The bottom line: a Federal Reserve bailout commitment in excess of $29 …
Persistent link: https://www.econbiz.de/10013117641
lenders' beliefs about the probability of bailout. Events like Lehman's collapse are conceived of as ”black swan” events that … led lenders to put a positive mass on bailout probabilities that were previously assigned zero mass.Results of the … analysis include: (i) An unanticipated increase in bailout uncertainty raises interest rates, the volume of defaults in both …
Persistent link: https://www.econbiz.de/10013122330