Results 61 to 70 of about 757 (212)
European Financial Management, EarlyView.ABSTRACT This study highlights the significance of incorporating environmental, social, and governance (ESG) criteria within investment strategies to strengthen risk management in volatile markets. Employing time‐varying parameter vector autoregressions and dynamic conditional correlation generalized autoregressive conditional heteroskedasticity models,
Mohamed Arouri +2 more
wiley +1 more source
Coordination Incentives in Cross-Border Macroprudential Regulation
Modern Economy, 2014 When national financial sector regulators need to mutually harmonize macroprudential policy decisions, imperfections of cross-border information exchange may undermine fair cooperation. Attempts to overcome the effects of informational distortions by delegating macroprudential policy to a supranational body are also likely to entail welfare losses.
Alexis Derviz, Jakub Seidler
openalex +6 more sources
Macroprudential regulation, credit spreads and the role of monetary policy [PDF]
Journal of Financial Stability, 2016 We study the macroprudential roles of bank capital regulation and monetary policy in a borrowing cost channel model with endogenous financial frictions, driven by credit risk, bank losses and bank capital costs. These frictions induce financial accelerator mechanisms and motivate the examination of a macroprudential toolkit.
Tayler, William John, Zilberman, Roy
openaire +5 more sources
JCMS: Journal of Common Market Studies, EarlyView.Abstract In December 2023, the European Parliament and the Council reached an agreement to revise the Solvency II Directive, aiming to unlock €100 billion in private investment through a series of deregulatory measures. This marks a significant departure from the stringent insurance supervision framework that has shaped European policy since the ...
Cyril Benoît
wiley +1 more source
Foreign Currency Intermediation: Systemic Risk and Macroprudential Regulation
Latin American Journal of Central Banking, 2021 Despite the progress made on the empirical front, normative analyses are still lacking when it comes to foreign currency intermediation (partial dollarization of the domestic banking system) and the ways to address its systemic risks implications.
Joseph Bitar
doaj
Concentration of Ukraine’s Banking System: Myths and Facts
Visnyk of the National Bank of Ukraine, 2015 This article attempts to find answers to questions of current significance: How concentrated is Ukraine’s banking system from the viewpoint of the world’s best regulatory practices and in comparison with other countries?
Vladyslav Rashkovan, Roman Kornyliuk
doaj +1 more source
On Adjusting the One‐Sided Hodrick–Prescott Filter
Journal of Money, Credit and Banking, EarlyView.Abstract We show that one should not use the one‐sided Hodrick–Prescott (HP‐1s) filter as the real‐time version of the two‐sided HP (HP‐2s) filter: First, in terms of the extracted cyclical component, HP‐1s fails to remove low‐frequency fluctuations to the same extent as HP‐2s.
ELIAS WOLF +2 more
wiley +1 more source
Central Banks’ Support for Climate Action: A Literature Review and Key Issues
Journal of Economic Surveys, EarlyView.ABSTRACT This comprehensive literature review examines the role of central banks in supporting climate actions. It explores the reasons why central banks should be concerned about climate change, the policy instruments available to them, the challenges they face in integrating climate considerations into their mandates and operations, and the ...
Iegor Vyshnevskyi, Wook Sohn
wiley +1 more source
Central Bank Independence and Financial Stability: Orthodox and Heterodox Approaches
Visnyk of the National Bank of Ukraine, 2017 This study argues that post-crisis discussions on central bank independence are less about a choice of a level of independence but more about a relation between the independence and the central bank mandate in financial stability.
Viktor Koziuk
doaj +1 more source
A new heteroskedasticity‐robust test for explosive bubbles
Journal of Time Series Analysis, EarlyView.We propose a new class of modified regression‐based tests for detecting asset price bubbles designed to be robust to the presence of general forms of both conditional and unconditional heteroskedasticity in the price series. This modification, based on the approach developed in Beare (2018) in the context of conventional unit root testing, is achieved ...
David I. Harvey +3 more
wiley +1 more source