Three Essays On Banking Crisis
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Three Essays On Banking Crisis
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Author : 許倖華
language : en
Publisher:
Release Date : 2019
Three Essays On Banking Crisis written by 許倖華 and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
Three Essays On Financial Crisis
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Author : Michael Pomerleano
language : en
Publisher:
Release Date : 2009
Three Essays On Financial Crisis written by Michael Pomerleano and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
This dissertation presents three essays. The first analyzes the determinants of the fiscal costs and output loss for a broad sample of countries experiencing a banking crisis. It explores three hypotheses: crisis countries with a greater supply of financial professionals, all else equal, experienced lower fiscal costs and output loss than countries with a smaller supply; policy measures contributed to the fiscal costs and output loss; and countries with a limited supply of financial professionals typically adhere to civil rather than common law. The essay does not find strong statistical support in cross-national data for the hypothesis that specialized professions reduce the fiscal costs and output loss of crisis in countries undergoing restructuring. It does, however, find robust statistical evidence that the fiscal costs and output loss during a crisis are not predetermined, and much of the variation is explained by policy measures. Of particular interest is the finding that the blanket guarantee dummy is very significant and robust to any specification. The essay finds evidence pointing to the legal tradition as an important determinant of the availability of professions.
Three Essays On Banking Deposit Insurance And Financial Crises
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Author : Sungkyu Kwak
language : en
Publisher:
Release Date : 2001
Three Essays On Banking Deposit Insurance And Financial Crises written by Sungkyu Kwak and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
Three Essays In Banking Sector Of Thailand
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Author : Itthipong Mahathanaseth
language : en
Publisher:
Release Date : 2011
Three Essays In Banking Sector Of Thailand written by Itthipong Mahathanaseth and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
This dissertation consists of three essays. The first essay examines the cost efficiency and production technology in the banking sector of Thailand using a stochastic frontier approach. The empirical results indicate that banks with lower Non-performing-loanto-total-loan ratio, higher equity-to-total-asset ratio, higher liquid-asset-to-total-asset ratio, and more branches are likely to be more efficient. The second essay investigates the degree of competition in the banking industry using the new empirical industrial organization approach. The empirical results indicate that, despite the Thailand government's efforts to increase competition in the banking industry by relaxing restrictions on entry to the market after the financial crisis, the oligopolistic degree of the biggest four banks has intensified. The third essay links the results of the first and second essays, cost efficiency and competition in the banking sector, to the transmission mechanism of monetary policy in Thailand using Vector Autoregression approach. The empirical results indicate that an unexpected tightening monetary policy shock leads to higher financial costs in the banking industry, forcing banks to compete more fiercely and operate more efficiently, significantly helping strengthen the transmission of monetary policy. Hence, the policy implication is that Thai government should exert more effort to enhance efficiency and competition in the banking sector.
Three Essays On Liquidity Risk
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Author :
language : en
Publisher:
Release Date : 2015
Three Essays On Liquidity Risk written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Financial crises categories.
Liquidity risk is inherent to the very nature of the banking activity which is to transform short term liabilities into long term assets. That is why liquidity crises are in one way or another implied in most financial crisis episodes. This thesis contributes to the understanding of how liquidity risk and liquidity crises in the banking and financial sector affect the allocation of resources and the functioning of the economy, and also discusses what could be the best institutional arrangements to share liquidity risk across agents and the best economic policies to avoid liquidity crises. It consists of three chapters focusing on diverse aspects of this topic. The first chapter, co-authored with Katerina-Chara Papioti, provides a new way to measure liquidity risk in the financial sector using the bidding behavior of banks in the bond auctions conducted by central banks. The second chapter examines risk-sharing between agents prone to liquidity shocks obtained through generational and intergenerational coalitions and asset trading in overlapping generation economies. Various institutional arrangements including financial intermediaries, stock markets and government interventions are studied in order to compare their risk sharing performance and optimality. The third chapter examines the international dimension of the liquidity issue and studies theoretically what combination of exchange rate regime and central bank policy is less vulnerable to a combined currency and banking crisis focusing on the sudden stop of capital flows as an underlying source of instability.
Three Essays On Monetary Policy Transmission And Banking Crises
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Author : Dongping Xie
language : en
Publisher:
Release Date : 2018
Three Essays On Monetary Policy Transmission And Banking Crises written by Dongping Xie and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Banks and banking categories.
This dissertation aims to increase understanding of financial fragility and to support good responses by monetary policymakers. It is composed of three essays. Chapter 2 studies how the supply of bank loans affected balance sheets and bankruptcies of businesses under various regulatory structures in the early twentieth century. I find that a contraction in the supply of bank loans deteriorated businesses' balance sheets. As a result, courts saw more bankruptcies among businesses with high exposure to bank debt. Tight bank credit also reduced trade credit extended among businesses. I also show that the Glass-Steagall Act mitigated the impact of bank loans on businesses. Chapter 3, co-authored with Alan G. Isaac, develops a network model of financial contagion and demonstrates with agent-based simulations that the interactions between banks and firms can generate and propagate financial fragility and business cycles. We also show that timely monetary policy intervention has effects on both financial and economic stabilization. Active use of discount window proves a useful response to idiosyncratic shocks, but intervention in the repo market is more powerful against cyclical fluctuations. Chapter 4 uses an event study approach to examine how Fed's credit easing policy in the recent crisis affected different sectors. I show that, early on, emergency lending programs only benefited financial firms, while quantitative easing improved the fundamentals of all firms, although the financial sector still benefited more than other sectors.
Three Essays On Bailout Banks During 2007 2009 Financial Crisis
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Author :
language : en
Publisher:
Release Date : 2015
Three Essays On Bailout Banks During 2007 2009 Financial Crisis written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Finance categories.
Financial Market Regulation In The Aftermath Of The Financial Crisis
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Author : Margit Münzer
language : en
Publisher:
Release Date : 2016
Financial Market Regulation In The Aftermath Of The Financial Crisis written by Margit Münzer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Interconnectedness In The Financial Sector Three Essays On The Impact Of The Financial Crisis And Banking Shocks On Insurance Firms
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Author : Jannes Rauch
language : en
Publisher:
Release Date : 2016
Interconnectedness In The Financial Sector Three Essays On The Impact Of The Financial Crisis And Banking Shocks On Insurance Firms written by Jannes Rauch and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Three Essays On Financial Crisis
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Author : Qiu Fang
language : en
Publisher:
Release Date : 2003
Three Essays On Financial Crisis written by Qiu Fang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Asia categories.