The Post-Crisis Evolution of Banks and Markets
The Post-Crisis Evolution of Banks and Markets

Author: Arnoud W. A. Boot

Publisher:

Published: 2018

Total Pages: 11

ISBN-13:

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This paper briefly reviews papers presented at a JFI-Washington University Conference on the post-crisis evolution of banks and financial markets that are appearing in a special issue of the JFI. The major themes represented by the papers in this issue have significantly advanced our understanding of the post-crisis blurring of boundaries between banks and markets and the risk implications of this phenomenon. They have highlighted the fact that to better grasp how risks in the financial system are evolving, we need to understand the unique aspects of banks' funding model which relies heavily on customers who do not wish to be exposed to the bank's credit risk, trends in both formal and informal financing and how they impact economic growth, the role of collateral and the systemic risk implications of how it is deployed in the economy (especially through mechanisms like rehypothecation), the trading of asset-backed securities emerging from the securitization of bank loans, and bank culture. These papers raise a host of interesting questions for future research.

Fragmenting Markets
Fragmenting Markets

Author: Darrell Duffie

Publisher: Walter de Gruyter GmbH & Co KG

Published: 2022-11-07

Total Pages: 152

ISBN-13: 3110673126

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Post-crisis capital regulations and new failure-resolution rules increased the funding costs that are borne by bank shareholders, and thus the cost to buy-side firms for access to space on the balance sheets of large banks. A policy implication is the encouragement of market infrastructure and trading methods that reduce the amount of space on bank balance sheets that is needed to conduct a given amount of trade. Using models and evidence, this book addresses the implications for financial-market liquidity of these regulations for systemically important banks and argues that current rules do not allow for potential levels of market efficiency and financial stability. In this insightful analysis of the impact of regulation on financial market efficiency post-2008, the author argues that bank capital levels could actually be pushed higher while still improving the liquidity of markets for safe assets such as low-risk fixed-income instruments by relaxing the leverage-ratio rule and increasing risk-based capital requirements.

Coping with Financial Crises
Coping with Financial Crises

Author: Hugh Rockoff

Publisher: Springer

Published: 2017-11-09

Total Pages: 200

ISBN-13: 9811061963

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This edited volume is based on original essays first presented at the World Economic History Conference, Kyoto, Japan, in August 2015. It also includes three essays subsequently written especially for this volume. All of the essays focus on financial markets in the periods leading up to, during, and after financial crises, and all are based on new data and archival research. The essays in this volume enlarge the range of historical evidence on the causes and potential cures for financial crises. While not neglecting the United States or Britain, the usual focus of financial historians, it includes studies of financial markets in times of crisis in Japan, Sweden, France, and other countries to achieve a truly global and historical perspective. As a result of the research reported here the reader will be made aware of several neglected factors that have shaped financial crises including the most recent crisis. These factors are (1) the role played by monetary policy in causing and ameliorating crises, (2) the role played by international contagion in private financial markets in propagating financial crises, (3) the role played by variations in the institutional structures of financial markets in determining the impact of financial crises, and (4) the role played by the social background of the central bankers who must contend with financial crises in determining the final outcome.

Financial Deepening and Post-Crisis Development in Emerging Markets
Financial Deepening and Post-Crisis Development in Emerging Markets

Author: Aleksandr V. Gevorkyan

Publisher: Springer

Published: 2016-06-14

Total Pages: 290

ISBN-13: 1137522461

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This collection empirically and conceptually advances our understanding of the intricacies of emerging markets’ financial and macroeconomic development in the post-2008 crisis context. Covering a vast geography and a broad range of economic viewpoints, this study serves as an informed guide in the unchartered waters of fundamental uncertainty as it has been redefined in the post-crisis period. Contributors to the collection go beyond risks-opportunities analyses, looking deeper into the nuanced interpretations of data and economic categories as interplay of developing world characteristics in the context of redefined fundamental uncertainty. Those concerns relate to the issues of small country finance, the industrialization of the developing world, the role of commodity cycles in the global economy, sovereign debt, speculative financial flows and currency pressures, and connections between financial markets and real markets. Compact and comprehensive, this collection offers unique perspectives into contemporary issues of financial deepening and real macroeconomic development in small developing economies that rarely surface in the larger policy and development debates.

Post-Crisis Changes in Global Bank Business Models: A New Taxonomy
Post-Crisis Changes in Global Bank Business Models: A New Taxonomy

Author: Mr.John C Caparusso

Publisher: International Monetary Fund

Published: 2019-12-27

Total Pages: 34

ISBN-13: 1513525255

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The Global Financial Crisis unleashed changes in the operating and regulatory environments for large international banks. This paper proposes a novel taxonomy to identify and track business model evolution for the 30 Global Systemically Important Banks (G-SIBs). Drawing from banks’ reporting, it identifies strategies along four dimensions –consolidated lines of business and geographic orientation, and the funding models and legal entity structures of international operations. G-SIBs have adjusted their business models, especially by reducing market intensity. While G-SIBs have maintained international orientation, pressures on funding models and entity structures could affect the efficiency of capital flows through the bank channel.

New Issues in Financial and Credit Markets
New Issues in Financial and Credit Markets

Author: Franco Fiordelisi

Publisher: Springer

Published: 2010-10-06

Total Pages: 232

ISBN-13: 0230302181

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This collection of conference papers presents a contemporary insight into key trends impacting on the global financial sector post crisis and highlights new policy and research areas affecting banks and other financial institutions. The four main themes are: financial crises, credit activity, capital markets and risk management.

Crisis and Response
Crisis and Response

Author: Federal Deposit Insurance Corporation

Publisher:

Published: 2018-03-06

Total Pages:

ISBN-13: 9780966180817

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Crisis and Response: An FDIC History, 2008¿2013 reviews the experience of the FDIC during a period in which the agency was confronted with two interconnected and overlapping crises¿first, the financial crisis in 2008 and 2009, and second, a banking crisis that began in 2008 and continued until 2013. The history examines the FDIC¿s response, contributes to an understanding of what occurred, and shares lessons from the agency¿s experience.

Institutional Diversity in Banking
Institutional Diversity in Banking

Author: Ewa Miklaszewska

Publisher: Springer

Published: 2016-12-20

Total Pages: 310

ISBN-13: 3319420739

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This book offers a comparative analysis of how post-crisis restructuring has affected the evolution and prospects of small, locally-oriented banks. The discussion focuses specifically on “small” European countries; that is, countries with diversified banking systems, with a strong presence of cooperative and other forms of local banks. Such countries include highly developed economies like Italy and emerging European economies, such as Poland. The authors stress the unique importance of local banks in generating credit for both households and firms, and hence in contributing to overall economic growth. Chapters cohere around the argument that although smaller banks fared better than their larger counterparts the recent financial crisis, they have been directly and indirectly discriminated against in post-crisis restructuring schemes, and, as such, face many operational and strategic challenges today. The contributors are a distinguished group of researchers with expert knowledge of the competitive positions of and opportunities for locally oriented banks, who combine theoretical and empirical perspectives on these topics.