Essays on Bank Regulation and Intervention PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Essays on Bank Regulation and Intervention PDF full book. Access full book title Essays on Bank Regulation and Intervention by Wen-ling Lu. Download full books in PDF and EPUB format.
Author: Wen-ling Lu
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
My second essay, "Do Bank Regulation and Supervision Improve Bank Performance and Reduce The Likelihood of Banking Crises?" focuses on the impact of bank regulation and supervision on various banking outcomes. The emphasis is on whether specific bank regulations and supervisory practices changed over time and whether they reduced the likelihood of a country experiencing a banking crisis. Given the role that banks have played in crises over time and in countries worldwide, this cross country analysis is important to determine whether specific regulatory and supervisory practices have helped reduce the likelihood f crises in countries, and thereby enhanced bank stability, performance and development.
Author: Wen-ling Lu
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
My second essay, "Do Bank Regulation and Supervision Improve Bank Performance and Reduce The Likelihood of Banking Crises?" focuses on the impact of bank regulation and supervision on various banking outcomes. The emphasis is on whether specific bank regulations and supervisory practices changed over time and whether they reduced the likelihood of a country experiencing a banking crisis. Given the role that banks have played in crises over time and in countries worldwide, this cross country analysis is important to determine whether specific regulatory and supervisory practices have helped reduce the likelihood f crises in countries, and thereby enhanced bank stability, performance and development.
Author: Vijay Narasiman
Publisher:
ISBN:
Category :
Languages : en
Pages : 175
Get Book Here
Book Description
My dissertation focuses on topics in household finance and bank regulation. In chapter 1, I estimate the household consumption response to a predictable, quasi-permanent income shock. Credit card spending rises well before the positive shock occurs and then plateaus, suggesting that households are forward-looking and have enough liquidity to increase spending. This type of household behavior is found to be remarkably similar to the simulation of a modified buffer-stock model. The main conclusion is that households appear to be quite sophisticated in their consumption behavior, which has various policy implications.In chapter 2 (joint with Divya Kirti), we present a model that describes how different types of bank regulation can affect the likelihood of fire sales in a crisis. There are three main results. First, the design of capital requirements affects whether fire sales can occur in the recapitalization process. Second, the interaction between capital and liquidity requirements causes banks to become larger and can also make fire sales more likely. Third, mandatory equity issuance can be a useful policy for limiting fire sales, but only if binding. Collectively, our findings suggest that bank regulation may have a strong effect on the likelihood of fire sales. In addition, time-varying risk weights may more effective than time-varying capital requirements in preventing fire sales.In chapter 3 (joint with Todd Keister), we investigate whether policy makers should be permitted to bail out financial institutions during a financial crisis. We develop a model that incorporates two competing views about the causes of these crises: self-fulfilling shifts in investors' expectations and deteriorating economic fundamentals. We show that - in both cases - the desirability of allowing intervention depends on a tradeoff between incentives and insurance. If policy makers can correct incentive distortions through regulation, then allowing intervention is always optimal. If regulation is imperfect and the risk-sharing benefit from intervention is absent, it is optimal to prohibit intervention. Our results show that it is possible to provide meaningful policy analysis without taking a stand on the contentious issue of whether financial crises are driven by expectations or fundamentals.
Author: Gerald A. Epstein
Publisher: Edward Elgar Publishing
ISBN: 1783472642
Category : Business & Economics
Languages : en
Pages : 391
Get Book Here
Book Description
The many forces that led to the economic crisis of 2008 were in fact identified, analyzed and warned against for many years before the crisis by economist Jane D�Arista, among others. Now, writing in the tradition of D�Arista's extensive work, the
Author: Kevin Dowd
Publisher: Routledge
ISBN: 1136371885
Category : Business & Economics
Languages : en
Pages : 252
Get Book Here
Book Description
Kevin Dowd asserts that state intervention into financial and monetary systems has failed, and that we would be better off if financial markets were left to regulate themselves. This collection will appeal to students, researchers and policy makers in the monetary and financial area.
Author: Dae-sik Kim
Publisher:
ISBN:
Category :
Languages : en
Pages : 179
Get Book Here
Book Description
Author: Markus Behn
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
Author: Lucas Avezum
Publisher:
ISBN: 9789056686758
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Jean-Charles Rochet
Publisher: Princeton University Press
ISBN: 1400828317
Category : Political Science
Languages : en
Pages : 320
Get Book Here
Book Description
Almost every country in the world has sophisticated systems to prevent banking crises. Yet such crises--and the massive financial and social damage they can cause--remain common throughout the world. Does deposit insurance encourage depositors and bankers to take excessive risks? Are banking regulations poorly designed? Or are banking regulators incompetent? Jean-Charles Rochet, one of the world's leading authorities on banking regulation, argues that the answer in each case is "no." In Why Are There So Many Banking Crises?, he makes the case that, although many banking crises are precipitated by financial deregulation and globalization, political interference often causes--and almost always exacerbates--banking crises. If, for example, political authorities are allowed to pressure banking regulators into bailing out banks that should be allowed to fail, then regulation will lack credibility and market discipline won't work. Only by insuring the independence of banking regulators, Rochet says, can market forces work and banking crises be prevented and minimized. In this important collection of essays, Rochet examines the causes of banking crises around the world in recent decades, focusing on the lender of last resort; prudential regulation and the management of risk; and solvency regulations. His proposals for reforms that could limit the frequency and severity of banking crises should interest a wide range of academic economists and those working for central and private banks and financial services authorities.
Author: Carlos A. Peláez
Publisher: Springer
ISBN: 0230251250
Category : Business & Economics
Languages : en
Pages : 287
Get Book Here
Book Description
As the financial crisis engulfs the world economy, there is an ambitous agenda for regulatory reform. This book provides a comprehensive review of the analysis of finance, economics and the law and economics, illuminating past and current banking and financial regulation designed to prevent another credit/dollar crisis and global recession.
Author: Jaime Reis
Publisher: Routledge
ISBN: 1317050525
Category : History
Languages : en
Pages : 266
Get Book Here
Book Description
During the twentieth century the financial sector became possibly the most regulated area of the economy in many advanced and developing countries. The interwar years represented the defining moment for the escalation of governments' intervention, turning the State into the core of financial systems in its capacity of regulator, supervisor or owner. The essays in this collection shed light on different aspects of the experience of financial regulation, ownership and deregulation in Europe and the USA from a secular historical perspective. The volume's chapters explore how the political economy of finance changed in the nineteenth and twentieth centuries and how such changes were related to shifting attitudes towards globalization. They also investigate how regulation responded to governance problems of financial intermediaries and markets, and how different legal frameworks and institutional architectures influenced such response. The collection engages with a set of issues as diverse as they are interrelated across countries and over time: the regulatory attitude of British authorities toward the banking system and the stock exchange market in the nineteenth and twentieth centuries; the comparative evolution of bankruptcy laws and procedures; the link between state, regulation and governance in the evolution of the US and French financial systems; the emergence of banking regulation and supervision by central banks; the regulation and supervision of international financial markets since the 1950s; and the connection between deregulation and banking crises at the end of the past century. Taken as a whole, the chapters offer an intriguing insight into the differing ways western countries approached and responded to the challenges of the international financial system, and the legacy of this on the modern world. In so doing the volume holds up to historical scrutiny the debate as to whether overt state regulation of financial markets always has a negative affect on economic growth, or whether it can be an essential tool for developing nations in their efforts to expand their economies.
