Financial Markets, Banks` Cost of Funding, and Firms` Decisions
... Italy. However, the relevance of our analysis goes beyond the recent Italian experience, as any financial crisis has the potential to affect the real economy through its effects on banks’ financial valuations. Importantly, this new form of the bank lending channel transmits financial shocks even to ...
... Italy. However, the relevance of our analysis goes beyond the recent Italian experience, as any financial crisis has the potential to affect the real economy through its effects on banks’ financial valuations. Importantly, this new form of the bank lending channel transmits financial shocks even to ...
Economics of Money, Banking, and Financial Markets, 8e
... 12) The problem created by asymmetric information before the transaction occurs is called ________, while the problem created after the transaction occurs is called ________. A) adverse selection; moral hazard B) moral hazard; adverse selection C) costly state verification; free-riding D) free-ridin ...
... 12) The problem created by asymmetric information before the transaction occurs is called ________, while the problem created after the transaction occurs is called ________. A) adverse selection; moral hazard B) moral hazard; adverse selection C) costly state verification; free-riding D) free-ridin ...
Understanding the Economics of Large Banks
... commerce to function, providing stores of liquidity, and facilitating the longer-term savings and investment of individuals and institutions. Banks are thus rarely more than one or two steps removed from all vital economic activities. ...
... commerce to function, providing stores of liquidity, and facilitating the longer-term savings and investment of individuals and institutions. Banks are thus rarely more than one or two steps removed from all vital economic activities. ...
Enhanced Stress Testing and Financial Stability
... severe slowdown in Europe as part of its severely adverse scenario – but the larger point remains there needs to be a methodology to ensure that banks material exposures to all sources of risk are adequately accounted for when designing stress scenarios. The second area where stress-testing and rec ...
... severe slowdown in Europe as part of its severely adverse scenario – but the larger point remains there needs to be a methodology to ensure that banks material exposures to all sources of risk are adequately accounted for when designing stress scenarios. The second area where stress-testing and rec ...
Repos - LexisNexis UK
... changed. Traditionally, repos were entered into in respect of liquid assets with low volatility, for example government debt securities. These types of asset were acceptable collateral for the repo buyer, since they are relatively easy to value and liquidate in the event of a default by the repo sel ...
... changed. Traditionally, repos were entered into in respect of liquid assets with low volatility, for example government debt securities. These types of asset were acceptable collateral for the repo buyer, since they are relatively easy to value and liquidate in the event of a default by the repo sel ...
Have big banks gotten safer?
... idea that banks are better capitalized and hold fewer risky assets has clear implications for the pricing of their securities. With less leverage, bank equity should be less volatile, and there should be less market expectation of future volatility. Bank stocks should also be less responsive to move ...
... idea that banks are better capitalized and hold fewer risky assets has clear implications for the pricing of their securities. With less leverage, bank equity should be less volatile, and there should be less market expectation of future volatility. Bank stocks should also be less responsive to move ...
How do insured deposits affect bank stability
... and Koetter, 2012; Black and Hazelwood, 2012). This paper explores how a bank’s amount of insured deposits affects its stability and lending decisions during the recent financial crisis. The main challenge for such an empirical test is an identification problem. The banks with more insured deposits m ...
... and Koetter, 2012; Black and Hazelwood, 2012). This paper explores how a bank’s amount of insured deposits affects its stability and lending decisions during the recent financial crisis. The main challenge for such an empirical test is an identification problem. The banks with more insured deposits m ...
annual report - Beige Capital
... As Chief Executive Officer, Mike has nurtured the growth of BEIGE Capital from its inception to its current status as the leading Savings and Loans Company in Ghana. As Director of Finance (between 2001 – 2008) for OICI-GH – a US based NGO; Mike had responsibility for providing financial planning, m ...
... As Chief Executive Officer, Mike has nurtured the growth of BEIGE Capital from its inception to its current status as the leading Savings and Loans Company in Ghana. As Director of Finance (between 2001 – 2008) for OICI-GH – a US based NGO; Mike had responsibility for providing financial planning, m ...
Chaebol, Financial Liberalization, and Economic Crisis
... objective: NBFIs’ share in total deposits increased from less than 30 percent up to 1980 to more than 60 percent by the early 1990s. In fact, in 1990 their share of deposits surpassed that of banks, accounting for almost 60 percent of total deposits. The same can be said about their share of loans, ...
... objective: NBFIs’ share in total deposits increased from less than 30 percent up to 1980 to more than 60 percent by the early 1990s. In fact, in 1990 their share of deposits surpassed that of banks, accounting for almost 60 percent of total deposits. The same can be said about their share of loans, ...
What does market discipline mean
... sense only screen the borrowing banks’ risk (prior to the lending) rather than monitor by the lending banks. They also argue that the reason for weak evidence of market discipline may due to their focus on the highly developed banking markets, where interbank exposures are mostly caused by short-ter ...
... sense only screen the borrowing banks’ risk (prior to the lending) rather than monitor by the lending banks. They also argue that the reason for weak evidence of market discipline may due to their focus on the highly developed banking markets, where interbank exposures are mostly caused by short-ter ...
Leverage, Risk and Regulatory Capital in Latin
... Regulatory capital plays a central role after the recent banking crisis of 2007-2009. The debate around the level of capital is complex, with opposite views about the optimal level of bank capital. Some researchers claim lower levels of capital because raising them would induce increases in loan rat ...
... Regulatory capital plays a central role after the recent banking crisis of 2007-2009. The debate around the level of capital is complex, with opposite views about the optimal level of bank capital. Some researchers claim lower levels of capital because raising them would induce increases in loan rat ...
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... version of this paper won the Distinguished CESifo Affiliate Award. The views expressed in this paper are those of the author and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System. ...
... version of this paper won the Distinguished CESifo Affiliate Award. The views expressed in this paper are those of the author and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System. ...
Leverage, Balance Sheet Size and Wholesale Funding
... macroeconomic and market variables that are important for the degree of procyclicality. Third, we study if banking-sector leverage procyclicality can forecast aggregate volatility in the equity market. The empirical strategy chosen to achieve the first two objectives is a two-step method, similar to ...
... macroeconomic and market variables that are important for the degree of procyclicality. Third, we study if banking-sector leverage procyclicality can forecast aggregate volatility in the equity market. The empirical strategy chosen to achieve the first two objectives is a two-step method, similar to ...
Alternative Assets: The Next Frontier for Defined Contribution
... Over the past few decades, an increasing number of investors have been effectively using alternative assets to improve their portfolios. These alternative assets—such as hedge funds, private real estate, private equity, and commodities—often have different properties than traditional stocks and bond ...
... Over the past few decades, an increasing number of investors have been effectively using alternative assets to improve their portfolios. These alternative assets—such as hedge funds, private real estate, private equity, and commodities—often have different properties than traditional stocks and bond ...
Shedding Light on Hedge Funds
... (frequently between 1 and 2 percent of the fund's assets annually) based on the amount of total assets in the fund. While each hedge fund may have its own investment objective or goal, typically these funds attempt to achieve an absolute return, meaning that the fund attempts to increase in absolute ...
... (frequently between 1 and 2 percent of the fund's assets annually) based on the amount of total assets in the fund. While each hedge fund may have its own investment objective or goal, typically these funds attempt to achieve an absolute return, meaning that the fund attempts to increase in absolute ...
Macroeconomic Stability and Financial Regulation: Key Issues for
... cannot be influenced by the prospect of future business with the issuer. Prohibit indirect payments by issuers to CRAs in the form of the purchase of consulting or pre-rating services. • Consider eliminating the 'hard wiring' of the CRAs in the regulatory system - less rather than more regulation he ...
... cannot be influenced by the prospect of future business with the issuer. Prohibit indirect payments by issuers to CRAs in the form of the purchase of consulting or pre-rating services. • Consider eliminating the 'hard wiring' of the CRAs in the regulatory system - less rather than more regulation he ...
Bank Capital: Lessons from the Financial Crisis
... there has been less agreement among economic theorists. A number of theoretical models bear out the relationship posited by regulators that minimum capital requirements ameliorate the moral hazard created by deposit insurance (Furlong and Keeley, 1989; Keeley and Furlong, 1990; Rochet, 1992), but ot ...
... there has been less agreement among economic theorists. A number of theoretical models bear out the relationship posited by regulators that minimum capital requirements ameliorate the moral hazard created by deposit insurance (Furlong and Keeley, 1989; Keeley and Furlong, 1990; Rochet, 1992), but ot ...
Financial Stability Report - November 2016
... yield behaviours may become particularly relevant ...
... yield behaviours may become particularly relevant ...
Document
... 14. The Securities Act of 1933 a. required complete disclosure of relevant financial information for publicly offered securities in the primary market. © 2010 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a licen ...
... 14. The Securities Act of 1933 a. required complete disclosure of relevant financial information for publicly offered securities in the primary market. © 2010 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a licen ...
GAAP - Office of Superintendent of Public Instruction
... Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. Governmental fund financial statements are reported using the current financial resources ...
... Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. Governmental fund financial statements are reported using the current financial resources ...
2nd DFD_Beikos - Institutional capacity and cooperation
... A new Expansion Fund to focus on expansion capital equity investments in high growth SMEs; A new Guarantee Facility to support access to bank lending for local SMEs that currently have limited access to finance; A comprehensive reform programme supported by Technical Assistance resources to allow pr ...
... A new Expansion Fund to focus on expansion capital equity investments in high growth SMEs; A new Guarantee Facility to support access to bank lending for local SMEs that currently have limited access to finance; A comprehensive reform programme supported by Technical Assistance resources to allow pr ...