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Category Archives: Uncategorized
Leverage ratio and repo activity
In the previous post, I briefly mentioned some of the potential issues of the leverage ratio (LR). To be fair, these are only issues to the extent that the regulators did not foresee and did not include these consequences in … Continue reading
The unintended consequences of the leverage ratio
The leverage ratio is one of the main innovations in the new banking regulatory framework, Basel III. It imposes a minimum amount of Tier 1 capital that depends on the size of the balance sheet, without any consideration for the … Continue reading
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BU post: Proprietary Trading: Evidence from the Crisis
Well, more than a month after saying that I was back… well, I am. And my post for the Bank Underground blog (the blog of the Bank of England staff) is finally out. But the really great thing is that, … Continue reading
Guess who’s back!
Yes, it’s me—as far as I know, Eminem is not launching a new record. Although, to be honest, I haven’t check. Let me see. Nope, Wikipedia doesn’t say anything about it. So why was I gone? Because I was (still … Continue reading
Global financial cycle and Germany
The importance of the global financial cycle is currently at the center of many policy and academic discussions. Especially dangerous for emerging economies, the highly synchronised credit booms and busts that advanced economies suffered recently suggests that it is also … Continue reading
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Data visualisation and macro-prudential regulation
During the pre-crisis period, or the micro-prudential one, mapping the whole financial sector was not very important: the focus was to ensure individual solvency. Nowadays two things have changed: much more data is being collected by supervisors, and much of … Continue reading
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Job market placement
After several months I write again. One of the most important reasons for taking so long has been the job market process. As some of you may know, during the last year of our PhD studies we participate in a … Continue reading
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Monetary Policy and Risk-Taking
In the last post we saw that Jiménez et al. (2012) showed that banks react to a monetary policy expansion by increasing credit supply, and that is particularly strong for ‘weaker’ banks. This is what it is known as the ‘lending … Continue reading
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Tagged Banking, Financial Stability, Literature review, Monetary Policy
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Monetary Policy and Credit Supply
In the last post I discussed the ‘new empirical banking literature’. I explained that the main advance of this literature is to control for any firm heterogeneity, which determines most of the credit demand. They can do that because they … Continue reading
New Empirical Banking Literature
During the last six years, there has been an important increase in top-published articles on empirical banking. Needless to say, the financial crisis has contributed to this increase; however, the most important change has come from the availability of very … Continue reading
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