Results 61 to 70 of about 10,468 (236)
Macroprudential FX Regulations: Sacrificing Small Firms for Stability?
, 2022 María Alejandra Amado
openalex +2 more sources
Bank IPOs and Regulations: Cross‐Country Evidence
Financial Review, EarlyView.ABSTRACT The present paper investigates the effect of banking industry regulations on bank initial public offering (IPO) underpricing. We approach this question from both a micro‐level and macro‐level regulatory perspective. First, we conduct our analysis within a micro framework, focusing on the effect of disclosure rules on IPO underpricing.
Maria‐Eleni K. Agoraki +2 more
wiley +1 more source
Macroprudential policy and bank systemic risk [PDF]
, 2020 This paper investigates the effectiveness of macroprudential policy to contain the systemicrisk of European banks between 2000 and 2017. We use a new database (MaPPED) collected by experts at the ECB and national central banks with narrative ...
Meuleman, Elien, Vander Vennet, Rudi
core +1 more source
Incentives Through the Cycle: Microfounded Macroprudential Regulation [PDF]
SSRN Electronic Journal, 2011 We use an incentive model in which improvements to fundamentals boost the ability of leveraged financial firms (banks) to expand the balance sheet (as in Adrian and Shin 2010). The rise in asset prices due to the amplified response of procyclical systems distorts bankers' incentives in providing (costly and non observable) monitoring effort. On the one
di Iasio, Giovanni, Quagliariello, Mario
openaire +3 more sources
JCMS: Journal of Common Market Studies, EarlyView.Abstract Following the global financial crisis, European financial authorities introduced a host of new initiatives intended to advance market integration, improve the quality of bank oversight and enhance both economic stability and prospects for growth.
Dóra Piroska, Rachel A. Epstein
wiley +1 more source
On the Impact of Financial Inclusion on Financial Stability and Inequality: The Role of Macroprudential Policies [PDF]
, 2019 Financial Inclusion - access to financial products by households and firms - is one of the main albeit challenging priorities, both for Advanced Economies (AEs) as well as Emerging Markets (EMs), even more so for the latter.
El Said, A., Emara, N., Pearlman, J.
core +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
Marrying Monetary Policy with Macroprudential Regulation: Exploration of Issues [PDF]
Since the eruption of the global financial crisis in 2008, macroprudential regulation has become a mantra in the regulatory world. The soon-to-be-widespread adoption of macroprudential tools will inevitably affect the dynamics of the economy and ...
Don Nakornthab Phurichai +1 more
core
Monetary and Macroprudential Policies under Dollar‐Denominated Foreign Debt
Journal of Money, Credit and Banking, EarlyView.Abstract This paper studies monetary and macroprudential policies in a small open economy that borrows from abroad in foreign currency. The model features a novel mechanism in which exchange rate depreciation triggered by a borrowing constraint is amplified through balance of payments adjustments, increasing the real burden of foreign debt and causing ...
HIDEHIKO MATSUMOTO
wiley +1 more source
Global Factors in Noncore Bank Funding and Exchange Rate Flexibility
Journal of Money, Credit and Banking, EarlyView.Abstract We show that fluctuations in the ratio of noncore to core funding in the banking systems of advanced economies are largely driven by three global factors of both real and financial natures, with country‐specific factors playing only a minor role. Exchange rate flexibility helps insulate the noncore to core ratio from such global factors.
LUÍS A.V. CATÃO +2 more
wiley +1 more source