Zobrazeno 1 - 10
of 24
pro vyhledávání: '"Celine Rochon"'
Publikováno v:
Œconomia, Vol 7, Iss 2, Pp 161-190 (2017)
This paper argues that the speed of financial risks, rather than the speed of regulators, is the key cause of financial crises. Our argument contradicts a common claim in the literature that financial crises arise because regulators cannot keep up wi
Externí odkaz:
https://doaj.org/article/243902f9236f4ab88ab1ee25b18c3efa
Autor:
Johannes Eugster, Kenji Moriyama, Celine Rochon, Ghada Fayad, Nathan Porter, Stefan Laséen, Itai Agur, Zhongxia Zhang, Jeta Menkulasi, Camilo E Tovar Mora, Ran Bi, Katsiaryna Svirydzenka, Aleksandra Zdzienicka, Jiaqian Chen, Helene Poirson Ward
Publikováno v:
IMF Working Papers. 20
Since the global financial crisis, non-reserve-issuing economies (NREs) have been highly sensitive to episodes of external pressures. With monetary policy independence constrained by this sensitivity, many NREs have utilized other policy instruments.
Publikováno v:
Journal of Risk and Financial Management. 15:206
We develop a dynamic model of a BHC that encompasses both a trading desk and a loan desk, and explore the role of risk attitude and overleveraging by the trading desk. We trace the impact of monetary policy and market innovations on bank behavior in
Publikováno v:
SSRN Electronic Journal.
Investors seek to hedge against interest rate risk by taking long or short positions on bonds of different maturities. We study changes in risk taking behavior in a low interest rate environment by estimating a market stochastic discount factor that
Autor:
Sam Ouliaris, Celine Rochon
Publikováno v:
SSRN Electronic Journal.
This paper estimates the change in policy multipliers in the U.S. relative to their pre-2008 financial crisis levels using an augmented Blanchard-Perotti model to allow for the dynamic effects of shocks to the central bank balance sheet, real interes
Autor:
Sam Ouliaris, Celine Rochon
Publikováno v:
Journal of Macroeconomics. 70:103370
This paper estimates the change in policy multipliers in the U.S. relative to their pre-2008 financial crisis levels. It also estimates the likely impact of the 2020 stimulus packages implemented to address COVID-19. The analysis is based on an augme
Publikováno v:
Œconomia, Vol 7, Iss 2, Pp 161-190 (2017)
This paper argues that the speed of financial risks, rather than the speed of regulators, is the key cause of financial crises. Our argument contradicts a common claim in the literature that financial crises arise because regulators cannot keep up wi
Autor:
Tommaso Mancini-Griffoli, Maria Soledad Martinez Peria, Itai Agur, Anil Ari, John Kiff, Adina Popescu, Celine Rochon
Several central banks have begun actively investigating the possibility of issuing central bank digital currency (CBDC). This new central bank liability would be a widely accessible digital form of fiat money, intended as legal tender. This chapter a
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::072cd34a28a726b68dc1b23a22baa2d9
https://doi.org/10.1093/oso/9780190077310.003.0012
https://doi.org/10.1093/oso/9780190077310.003.0012
Reconsidering bank capital regulation: a new combination of rules, regulators, and market discipline
Autor:
Celine Rochon, Connel Fullenkamp
Publikováno v:
Journal of Economic Policy Reform. 20:343-359
Despite revisions to bank capital standards, fundamental shortcomings remain: the rules for setting capital requirements need to be simpler, and resolution should be an essential part of the capital requirement framework.We propose a new system of ca
Autor:
Celine Rochon, Sam Ouliaris
Publikováno v:
SSRN Electronic Journal.