Tag Archives for subprime crisis
How to define pro-cyclicality Procyclicality is used in the context of discussing the effects of Basel II on the financial system. A simplified definition of pro-cyclicality is: International rules have encouraged banks to act more aggressively when the economic cycle … Continue reading →
06. May 2008 by kasi
Categories: Discussions |
Tags: basel II, bis, central banks, Claudio Borio, Craig Furfine, credit rating agencies, definition, Dimitrios P Tsomocos, Eva Catarineu-Rabell, financial regulation, financial stability, fsa, George G. Pennacchi, ias, iasb, Jose Vinals, monetary policy, Nancy Masschelein, Patricia Jackson, Philip Lowe, Philip Turner, pro-cyclicality, regulators, subprime crisis, William R White |
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This table summarizes the losses by banks and securities firms as a result of the subprime crisis. Source: Bloomberg. If you are faced with a question on how to rank the losses resulting of the subprime crisis (see video here, … Continue reading →
04. May 2008 by kasi
Categories: Discussions |
Tags: banks, bloomberg, securities firms, subprime crisis |
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In most fields of regulation, even on the national level, organisation representing private interests or corporations have a saying. Private interestes are expressed through lobbyism and public relation activities, but the governance system in most states is characterized by representatives … Continue reading →
30. April 2008 by kasi
Categories: Memo |
Tags: financial institutions, financial markets, financial regulation, subprime crisis |
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Below is a list of articles and quotes that discuss whether the Federal Reserve Bank was responsible for the housing bubble and the subsequent subprime crisis: Eric Englund writes in April 22nd 2006 the article “The Federal Reserve and Housing: … Continue reading →
20. April 2008 by kasi
Categories: Discussions |
Tags: alan greenspan, Andreas Worms, austrian school of economics, ben bernanke, Christian Upper, David R. Henderson, eric englund, housing bubble, interest rates, Jeffrey Rogers Hummel, moral hazard, Robert P. Murphy, subprime crisis |
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George Reisman, who is associated with the Mises Institute, has written an interesting article called “Our Financial House of Cards“. As a student of Ludwig von Mises, he exemplifies the thinking of the Austrian School of Economics which is, like … Continue reading →
19. April 2008 by kasi
Categories: Discussions |
Tags: austrian school of economics, banks, credit rating agencies, economic theory, george reisman, goverment-sponsored-mortgage-lenders, libertarian, ludwig von mises, minimum capital requirement, subprime crisis |
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Kern Alexander, Rahul Dhumale and John Eatwell published a book in 2004 called “
14. April 2008 by kasi
Categories: Books |
Tags: financial architecture, financial regulation, global governance, John Eatwell, Kern Alexander, Rahul Dhumale, subprime crisis, systemic risk, wfa, World Financial Authority |
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The FSF Report on Financial Stability (called “Enhancing Market and Institutional Resilience”) was yesterday approved by the G7. To assess the impact of the report on the global financial architecture and the responses to the credit crisis in the financial … Continue reading →
13. April 2008 by kasi
Categories: Reports |
Tags: banking supervision, banks, credit rating agencies, exchange rates, financial regulation, financial stability, fsf, g7, imf, sovereign wealth fund, subprime crisis |
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The G7 Finance Ministers met yesterday at the IMF Spring Meeting and approved a report prepared by the Financial Stability Forum, the main forum bringing together Central Banks, Regulators and Finance Ministers. Before discussing the report in detail, it is … Continue reading →
13. April 2008 by kasi
Categories: Reports |
Tags: basel II, bcbs, credit rating agencies, european union, financial institutions, financial stability, financial stability forum, fsf, g7, iaasb, iais, imf, iosco, monoline insurers, otc-derivatives, pillar 2, pillar 3, securities, subprime crisis |
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The IIF (which is essentially the main political lobby organisation of the large, multinational commercial banks) has released a new report on markets best practices. It can be seen as the response of the banks to the regulatory efforts of … Continue reading →
10. April 2008 by kasi
Categories: Reports |
Tags: code of conduct, finance ministers, fsf, g7, iif, regulation, risk management, subprime crisis |
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