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University of Pretoria
1.
Seroka, Bushang.
The effects
of implementing increased capital requirements on domestic
lending.
Degree: MBA, Gordon Institute of Business
Science (GIBS), 2013, University of Pretoria
URL: http://hdl.handle.net/2263/40754
► The banking sector plays a pivotal role in the economy in which it operates. It is therefore imperative to institute international regulatory bodies and regulations…
(more)
▼ The banking sector plays a pivotal role in the economy
in which it operates. It is therefore imperative to institute
international regulatory bodies and regulations which will ensure
the protection of all stakeholders in the sector. The adoption and
implementation of the Basel Accords and their revised versions has
been encouraged at The World Bank level, but the opinions and
studies regarding the impact of the tightened regulations on the
banking sector generated varied reactions. The objective of this
research was to establish whether the increased capital
requirements regulations, as guided by The Basel Accords, had
negatively impacted the bank domestic lending of the countries
which implemented the regulations by 2012. This quantitative
research involved comparison of the domestic lending rates as a
percentage of GDP of the countries which implemented Basel II for
the years before, and after the implementation. The study has
revealed that, despite the concerns that the increased capital
requirements regulations would increase the lending costs, the
implementation of these regulations did not negatively affect
domestic lending from the banking sector. This research document
concludes by recommending a few process guidelines which the global
banking regulators might consider during the implementation of
Basel III.
Advisors/Committee Members: Rabinowitz, David (advisor).
Subjects/Keywords: UCTD; Capital
requirements;
Macroprudential;
Microprudential;
Procyclicality;
Systemically important banks
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APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
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to Zotero / EndNote / Reference
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APA (6th Edition):
Seroka, B. (2013). The effects
of implementing increased capital requirements on domestic
lending. (Masters Thesis). University of Pretoria. Retrieved from http://hdl.handle.net/2263/40754
Chicago Manual of Style (16th Edition):
Seroka, Bushang. “The effects
of implementing increased capital requirements on domestic
lending.” 2013. Masters Thesis, University of Pretoria. Accessed January 24, 2021.
http://hdl.handle.net/2263/40754.
MLA Handbook (7th Edition):
Seroka, Bushang. “The effects
of implementing increased capital requirements on domestic
lending.” 2013. Web. 24 Jan 2021.
Vancouver:
Seroka B. The effects
of implementing increased capital requirements on domestic
lending. [Internet] [Masters thesis]. University of Pretoria; 2013. [cited 2021 Jan 24].
Available from: http://hdl.handle.net/2263/40754.
Council of Science Editors:
Seroka B. The effects
of implementing increased capital requirements on domestic
lending. [Masters Thesis]. University of Pretoria; 2013. Available from: http://hdl.handle.net/2263/40754
2.
-5548-3239.
Unintended consequences of well-intended regulation : the procyclical effects of the Basel I capital regulations on the U.S. banking industry.
Degree: M.S.Eco., Baylor University. Dept. of Economics., 2018, Baylor University
URL: http://hdl.handle.net/2104/10323
► Numerous solutions have been posed to address the risks that fractional reserve banking systems cause for depositors. The newest regulatory trend to combat these issues…
(more)
▼ Numerous solutions have been posed to address the risks that fractional reserve banking systems cause for depositors. The newest regulatory trend to combat these issues has been capital regulation. Many critics have accused capital regulation of increasing the natural
procyclicality of bank loan supply. However, to date the literature appears to say little on whether or not the Basel I capital regulations have any effect on the natural
procyclicality of bank loan supply. To test this, I constructed a new loan supply function to determine the relationship between the business cycle and the real loan supply. A Chow Test was then conducted to determine whether this relationship changed at the date of Basel I implementation. I found that this relationship increased significantly after the implementation of Basel I, allowing me to conclude that the Basel I capital regulations increased the natural
procyclicality of bank loan supply.
Advisors/Committee Members: VanHoose, David D. (advisor).
Subjects/Keywords: Banking. Basel I. Procyclicality.
…Basel I, and capital requirements in general, increase the general procyclicality of the… …industry.
Do capital requirements increase the amount of procyclicality in the banking
industry… …deeper analysis on capital requirements and procyclicality.
15
CHAPTER TWO
Literature Review… …Capital Requirements and Procyclicality
Now, before condemning capital requirements, it must be… …from the Czech Republic to figure out the degree of procyclicality in the loan
supply of…
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
-5548-3239. (2018). Unintended consequences of well-intended regulation : the procyclical effects of the Basel I capital regulations on the U.S. banking industry. (Masters Thesis). Baylor University. Retrieved from http://hdl.handle.net/2104/10323
Note: this citation may be lacking information needed for this citation format:
Author name may be incomplete
Chicago Manual of Style (16th Edition):
-5548-3239. “Unintended consequences of well-intended regulation : the procyclical effects of the Basel I capital regulations on the U.S. banking industry.” 2018. Masters Thesis, Baylor University. Accessed January 24, 2021.
http://hdl.handle.net/2104/10323.
Note: this citation may be lacking information needed for this citation format:
Author name may be incomplete
MLA Handbook (7th Edition):
-5548-3239. “Unintended consequences of well-intended regulation : the procyclical effects of the Basel I capital regulations on the U.S. banking industry.” 2018. Web. 24 Jan 2021.
Note: this citation may be lacking information needed for this citation format:
Author name may be incomplete
Vancouver:
-5548-3239. Unintended consequences of well-intended regulation : the procyclical effects of the Basel I capital regulations on the U.S. banking industry. [Internet] [Masters thesis]. Baylor University; 2018. [cited 2021 Jan 24].
Available from: http://hdl.handle.net/2104/10323.
Note: this citation may be lacking information needed for this citation format:
Author name may be incomplete
Council of Science Editors:
-5548-3239. Unintended consequences of well-intended regulation : the procyclical effects of the Basel I capital regulations on the U.S. banking industry. [Masters Thesis]. Baylor University; 2018. Available from: http://hdl.handle.net/2104/10323
Note: this citation may be lacking information needed for this citation format:
Author name may be incomplete

University of Manchester
3.
Zilberman, Roy.
Essays on banking regulation, macroeconomic dynamics and financial volatility.
Degree: PhD, 2013, University of Manchester
URL: https://www.research.manchester.ac.uk/portal/en/theses/essays-on-banking-regulation-macroeconomic-dynamics-and-financial-volatility(723b6684-147b-43ac-a618-a4dfab94e00f).html
;
http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.607411
► The recent global financial crisis of 2007-2009 and the subsequent recession have prompted renewed interest into how banking regulation and fluctuations in the financial sector…
(more)
▼ The recent global financial crisis of 2007-2009 and the subsequent recession have prompted renewed interest into how banking regulation and fluctuations in the financial sector impact the business cycle. Using three different model setups, this thesis promotes a further understanding and identification of the various transmission channels through which regulatory changes and volatility in the financial system link to the real economy. Chapter 1 examines the effects of bank capital requirements in a simple macroeconomic model with credit market frictions. A bank capital channel is introduced through a monitoring incentive effect of bank capital buffers on the repayment probability, which affects the loan rate behaviour via the risk premium. We also identify a collateral channel, which mitigates moral hazard behaviour by firms, and therefore raises their repayment probability. Basel I and Basel II regulatory regimes are then defined, with a distinction made between the Standardized and Foundation Internal Ratings Based (IRB) approaches of Basel II. We analyse the role of the bank capital and collateral channels in the transmission of supply shocks, and show that depending on the strength of these channels, the loan rate can either amplify or mitigate the effects of productivity shocks. Finally, the impact of the two channels also determines which of the regulatory regimes is most procyclical. Chapter 2 studies the interactions between bank capital regulation and the real business cycle in a Dynamic Stochastic General Equilibrium (DSGE) framework with financial frictions, along with endogenous risk of default at the firm and bank capital levels. We show that in a model which accounts for bank capital risk and regulatory requirements, the endogenous risk of default produces an accelerator effect and impacts the loan rate and the real economy through multiple channels. Furthermore, the simulations illustrate that a risk sensitive regulatory regime (Basel II) amplifies the response of macroeconomic and financial variables following supply, monetary and financial shocks, with the strength of the key transmission channels depending on the nature of the shock. The impact of higher regulatory requirements (as proposed under Basel III) is also examined and is shown to increase procyclicality in the financial system and real economy. Chapter 3 studies the interactions between loan loss provisions and business cycle fluctuations in a Dynamic Stochastic General Equilibrium (DSGE) model with credit market imperfections. With a backward-looking provisioning system, provisions are triggered by past due payments (or nonperforming loans), which, in turn, depend on current economic conditions and the loan loss reserves-loan ratio. With a forward-looking system, both past due payments and expected losses over the whole business cycle are accounted for, and provisions are smoothed over the cycle. Numerical experiments based on a parameterized version of the model show that holding more provisions can reduce the procyclicality of the…
Subjects/Keywords: 332.1; Banking Regulation; Procyclicality; Financial - Real Business Cycle Linkages; Basel Accords
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Zilberman, R. (2013). Essays on banking regulation, macroeconomic dynamics and financial volatility. (Doctoral Dissertation). University of Manchester. Retrieved from https://www.research.manchester.ac.uk/portal/en/theses/essays-on-banking-regulation-macroeconomic-dynamics-and-financial-volatility(723b6684-147b-43ac-a618-a4dfab94e00f).html ; http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.607411
Chicago Manual of Style (16th Edition):
Zilberman, Roy. “Essays on banking regulation, macroeconomic dynamics and financial volatility.” 2013. Doctoral Dissertation, University of Manchester. Accessed January 24, 2021.
https://www.research.manchester.ac.uk/portal/en/theses/essays-on-banking-regulation-macroeconomic-dynamics-and-financial-volatility(723b6684-147b-43ac-a618-a4dfab94e00f).html ; http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.607411.
MLA Handbook (7th Edition):
Zilberman, Roy. “Essays on banking regulation, macroeconomic dynamics and financial volatility.” 2013. Web. 24 Jan 2021.
Vancouver:
Zilberman R. Essays on banking regulation, macroeconomic dynamics and financial volatility. [Internet] [Doctoral dissertation]. University of Manchester; 2013. [cited 2021 Jan 24].
Available from: https://www.research.manchester.ac.uk/portal/en/theses/essays-on-banking-regulation-macroeconomic-dynamics-and-financial-volatility(723b6684-147b-43ac-a618-a4dfab94e00f).html ; http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.607411.
Council of Science Editors:
Zilberman R. Essays on banking regulation, macroeconomic dynamics and financial volatility. [Doctoral Dissertation]. University of Manchester; 2013. Available from: https://www.research.manchester.ac.uk/portal/en/theses/essays-on-banking-regulation-macroeconomic-dynamics-and-financial-volatility(723b6684-147b-43ac-a618-a4dfab94e00f).html ; http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.607411
4.
Schmidt, Andreas.
Fair value accounting and the financial market crisis. To what extent is fair valuation responsible for the financial crisis?.
Degree: 2014, RCAAP
URL: http://www.rcaap.pt/detail.jsp?id=oai:repositorio.ual.pt:11144/637
► The subprime financial crisis impacted the economy on a global level and was accompanied by manifold discussions regarding the involvement of fair value accounting principles.…
(more)
▼ The subprime financial crisis impacted the economy on a global level and was accompanied
by manifold discussions regarding the involvement of fair value accounting principles. The
debate reached its temporary peak in late 2008, when the IASB amended the rules of fair
value accounting for seriously distressed financialinstitutions to prevent further recognition of
fair value losses. During the last decades, European financial markets showed a strong trend
towards liberalization, deregulation and economic integration, but at the same time these
developments are held responsible to make financial systems more unstable, fragile, and
prone to crisis. This study investigates the recurrent occurrence of financial crises in general
thereby focusing on the interdependence between thelatest subprime crisis and fair value
financial instruments of European banks in particular. Financial institutions play an important
role in financial crises as they are the predominant appliers of fair value accounting principles
under IAS 39. The business models of financial institutions are presented and the associated
risk types indicate the increased vulnerability towards market interruptions. The consideration
of several preceding financial crises shows that they may be triggered under different
scenarios. However, they follow a similar pattern and have some comparable characteristics.
In this context an “ideal-typical” course of a financial crisis in developed economies is
presented. The study shows that fair value accounting was not responsible for the latest
crisis. However, there are legitimate concerns about financial reporting at fair value that
came to the fore during times of crisis. Critics argue that fair value accounting leads to
instability in financial markets due to irrational investors’ behavior, procylicality, liquidity
problems, and increases of company-specific subjectivity in absence of market prices. Using
a comprehensive sample of 316 European IFRS applying financial institutions, the impact of
fair value accounting throughout European banks is examined and upon procyclical effects of
fair value financial instruments observed during the period 2006 to 2010. As a result, the
sample provided no or only minor evidence that fair value accounting added additional
procyclicality to European banks’ financial statements. Fair value accounting seems to be the
appropriate measure for certain financial instruments and a first step in the right direction.
However, the financial crisis revealed certain weaknesses in the area of fair value accounting
and several proposals for improvement are discussed.
Advisors/Committee Members: Pereira, Renato.
Subjects/Keywords: Financial Institutions; Fair Value Accounting; IAS 39; IFRS 13; Financial Crisis; Banks; Procyclicality; Financial Instruments
Record Details
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Schmidt, A. (2014). Fair value accounting and the financial market crisis. To what extent is fair valuation responsible for the financial crisis?. (Thesis). RCAAP. Retrieved from http://www.rcaap.pt/detail.jsp?id=oai:repositorio.ual.pt:11144/637
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Schmidt, Andreas. “Fair value accounting and the financial market crisis. To what extent is fair valuation responsible for the financial crisis?.” 2014. Thesis, RCAAP. Accessed January 24, 2021.
http://www.rcaap.pt/detail.jsp?id=oai:repositorio.ual.pt:11144/637.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Schmidt, Andreas. “Fair value accounting and the financial market crisis. To what extent is fair valuation responsible for the financial crisis?.” 2014. Web. 24 Jan 2021.
Vancouver:
Schmidt A. Fair value accounting and the financial market crisis. To what extent is fair valuation responsible for the financial crisis?. [Internet] [Thesis]. RCAAP; 2014. [cited 2021 Jan 24].
Available from: http://www.rcaap.pt/detail.jsp?id=oai:repositorio.ual.pt:11144/637.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Schmidt A. Fair value accounting and the financial market crisis. To what extent is fair valuation responsible for the financial crisis?. [Thesis]. RCAAP; 2014. Available from: http://www.rcaap.pt/detail.jsp?id=oai:repositorio.ual.pt:11144/637
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
5.
Schmidt, Andreas.
Fair Value Accounting and the Financial Market Crisis. To What Extent is Fair Valuation Responsible for the Financial Crisis?.
Degree: 2014, RCAAP
URL: http://www.rcaap.pt/detail.jsp?id=oai:localhost:11144/637
► The subprime financial crisis impacted the economy on a global level and was accompanied by manifold discussions regarding the involvement of fair value accounting principles.…
(more)
▼ The subprime financial crisis impacted the economy on a global level and was accompanied
by manifold discussions regarding the involvement of fair value accounting principles. The
debate reached its temporary peak in late 2008, when the IASB amended the rules of fair
value accounting for seriously distressed financialinstitutions to prevent further recognition of
fair value losses. During the last decades, European financial markets showed a strong trend
towards liberalization, deregulation and economic integration, but at the same time these
developments are held responsible to make financial systems more unstable, fragile, and
prone to crisis. This study investigates the recurrent occurrence of financial crises in general
thereby focusing on the interdependence between thelatest subprime crisis and fair value
financial instruments of European banks in particular. Financial institutions play an important
role in financial crises as they are the predominant appliers of fair value accounting principles
under IAS 39. The business models of financial institutions are presented and the associated
risk types indicate the increased vulnerability towards market interruptions. The consideration
of several preceding financial crises shows that they may be triggered under different
scenarios. However, they follow a similar pattern and have some comparable characteristics.
In this context an “ideal-typical” course of a financial crisis in developed economies is
presented. The study shows that fair value accounting was not responsible for the latest
crisis. However, there are legitimate concerns about financial reporting at fair value that
came to the fore during times of crisis. Critics argue that fair value accounting leads to
instability in financial markets due to irrational investors’ behavior, procylicality, liquidity
problems, and increases of company-specific subjectivity in absence of market prices. Using
a comprehensive sample of 316 European IFRS applying financial institutions, the impact of
fair value accounting throughout European banks is examined and upon procyclical effects of
fair value financial instruments observed during the period 2006 to 2010. As a result, the
sample provided no or only minor evidence that fair value accounting added additional
procyclicality to European banks’ financial statements. Fair value accounting seems to be the
appropriate measure for certain financial instruments and a first step in the right direction.
However, the financial crisis revealed certain weaknesses in the area of fair value accounting
and several proposals for improvement are discussed.
Advisors/Committee Members: Pereira, Renato.
Subjects/Keywords: Financial Institutions; Fair Value Accounting; IAS 39; IFRS 13; Financial Crisis; Banks; Procyclicality; Financial Instruments
Record Details
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Record Details
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Schmidt, A. (2014). Fair Value Accounting and the Financial Market Crisis. To What Extent is Fair Valuation Responsible for the Financial Crisis?. (Thesis). RCAAP. Retrieved from http://www.rcaap.pt/detail.jsp?id=oai:localhost:11144/637
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Schmidt, Andreas. “Fair Value Accounting and the Financial Market Crisis. To What Extent is Fair Valuation Responsible for the Financial Crisis?.” 2014. Thesis, RCAAP. Accessed January 24, 2021.
http://www.rcaap.pt/detail.jsp?id=oai:localhost:11144/637.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Schmidt, Andreas. “Fair Value Accounting and the Financial Market Crisis. To What Extent is Fair Valuation Responsible for the Financial Crisis?.” 2014. Web. 24 Jan 2021.
Vancouver:
Schmidt A. Fair Value Accounting and the Financial Market Crisis. To What Extent is Fair Valuation Responsible for the Financial Crisis?. [Internet] [Thesis]. RCAAP; 2014. [cited 2021 Jan 24].
Available from: http://www.rcaap.pt/detail.jsp?id=oai:localhost:11144/637.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Schmidt A. Fair Value Accounting and the Financial Market Crisis. To What Extent is Fair Valuation Responsible for the Financial Crisis?. [Thesis]. RCAAP; 2014. Available from: http://www.rcaap.pt/detail.jsp?id=oai:localhost:11144/637
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

University of Michigan
6.
Kim, Bonggeun.
Essays on earnings, employment and location.
Degree: PhD, Social Sciences, 2002, University of Michigan
URL: http://hdl.handle.net/2027.42/123211
► This dissertation contains three studies. The first two are empirical analyses of the urban/non-urban wage gap and its implications for intergenerational earnings mobility. The third…
(more)
▼ This dissertation contains three studies. The first two are empirical analyses of the urban/non-urban wage gap and its implications for intergenerational earnings mobility. The third analyzes the implications of mean-reverting measurement error for two influential literatures based on longitudinal survey data. In the first study I replicate and extend Glaeser and Mare's (2001) empirical work on the enormous urban/non-urban wage gap in the United States, and I present a new interpretation of the evidence based on my re-estimation. I show that both the original and extended empirical patterns can be fully explained by a simple spatial equilibrium model that incorporates two highly plausible phenomena: (1) a compensating wage differential for the higher cost of living in cities and (2) a dynamic tendency for more able workers to gravitate to cities once they discover that they belong in the big leagues. In light of the substantial compensating wage differential for the urban cost of living, the strong intergenerational persistence of urbanicity could cause much of the intergenerational association in earnings to be nominal rather than real. In the second study, controlling for interarea cost-of-living differences, I find that the estimated intergenerational elasticity for real earnings is less than that for nominal earnings to a statistically significant degree, but is still quite substantial. The third study examines the implications of mean-reverting measurement error for two influential literatures based on longitudinal survey data: (1) the literature on real wage variation over the business cycle and (2) the literature on intertemporal substitution in labor supply. Accounting for mean-reverting measurement error reveals that real wages are probably even more procyclical than had been indicated by the recent longitudinal evidence. I also find that the instrumental-variables estimator commonly used in intertemporal substitution studies is inconsistent if changes in earnings and hours of work are measured with different degrees of mean-reversion, but the magnitude of the resulting inconsistency appears to be small.
Advisors/Committee Members: Solon, Gary (advisor).
Subjects/Keywords: Earnings; Employment; Essays; Labor Supply; Location; Procyclicality
Record Details
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Kim, B. (2002). Essays on earnings, employment and location. (Doctoral Dissertation). University of Michigan. Retrieved from http://hdl.handle.net/2027.42/123211
Chicago Manual of Style (16th Edition):
Kim, Bonggeun. “Essays on earnings, employment and location.” 2002. Doctoral Dissertation, University of Michigan. Accessed January 24, 2021.
http://hdl.handle.net/2027.42/123211.
MLA Handbook (7th Edition):
Kim, Bonggeun. “Essays on earnings, employment and location.” 2002. Web. 24 Jan 2021.
Vancouver:
Kim B. Essays on earnings, employment and location. [Internet] [Doctoral dissertation]. University of Michigan; 2002. [cited 2021 Jan 24].
Available from: http://hdl.handle.net/2027.42/123211.
Council of Science Editors:
Kim B. Essays on earnings, employment and location. [Doctoral Dissertation]. University of Michigan; 2002. Available from: http://hdl.handle.net/2027.42/123211

University of South Africa
7.
Chakanyuka, Goodman.
Analysis of the relationship between business cycles and bank credit extenstion : evidence from South Africa
.
Degree: 2015, University of South Africa
URL: http://hdl.handle.net/10500/19590
► This study provides evidence of the relationship between bank-granted credit and business cycles in South Africa. The study is conducted in three phases, namely qualitative…
(more)
▼ This study provides evidence of the relationship between bank-granted credit and
business cycles in South Africa. The study is conducted in three phases, namely
qualitative research (Phase I), quantitative research (Phase II) and econometric analysis
(Phase III). A sequential (connected data) mixed methodology (Phase I and II) is used to
collect and analyze primary data from market participants. The qualitative research
(Phase I) involves structured interviews with influential or well informed people on the
subject matter. Phase I of the study is used to understand the key determinants of bank
credit in South Africa and to appreciate how each of the credit aggregates behaves during
alternate business cycles. Qualitative survey results suggest key determinants of
commercial bank credit in South Africa as economic growth, collateral value, bank
competition, money supply, deposit liabilities, capital requirements, bank lending rates
and inflation. The qualitative results are used to formulate questions of the structured
survey questionnaire (Quantitative research- Phase II). The ANOVA and Pearman’s
product correlation analysis techniques are used to assess relationship between variables.
The quantitative results show that there is direct and positive relationship between bank
lending behavior and credit aggregates namely economic growth, collateral value, bank
competition and money supply. On the other hand, the results show that there is a
negative relationship between credit growth and bank capital and lending rates. Overall,
the quantitative findings show that bank lending in South Africa is procyclical. The
survey results indicate that the case for demand-following hypothesis is stronger than
supply-leading hypothesis in South Africa.
The econometric methodology is used to augment results of the survey study. Phase III of
the study re-examines econometric relationship between bank lending and business
cycles. The study employs cointegration and vector error correction model (VECM)
techniques in order to test for existence of long-run relationship between the selected
variables. Granger causality test technique is applied to the variables of interest to test for
direction of causation between variables. The study uses quarterly data for the period of
1980:Q1 to 2013:Q4. Business cycles are determined and measured by Gross Domestic
Product at market prices while bank-granted credit is proxied by credit extension to the
private sector. The econometric test results show that there is a significant long-run
relationship between economic growth and bank credit extension. The Granger causality
test provides evidence of unidirectional causal relationship with direction from economic
growth to credit extension for South Africa. The study results indicate that the case for
demand-following hypothesis is stronger than supply-leading hypothesis in South Africa.
Economic growth spurs credit market development in South Africa.
Overall, the results show that there is a stable long-run…
Advisors/Committee Members: Serumaga-Zake, Philip (advisor).
Subjects/Keywords: Bank credit;
Business cycles;
Credit extension;
Cointegratrion;
Correlation;
Economic growth;
Granger causality;
Procyclicality;
Vector error correction model
Record Details
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Record Details
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Chakanyuka, G. (2015). Analysis of the relationship between business cycles and bank credit extenstion : evidence from South Africa
. (Doctoral Dissertation). University of South Africa. Retrieved from http://hdl.handle.net/10500/19590
Chicago Manual of Style (16th Edition):
Chakanyuka, Goodman. “Analysis of the relationship between business cycles and bank credit extenstion : evidence from South Africa
.” 2015. Doctoral Dissertation, University of South Africa. Accessed January 24, 2021.
http://hdl.handle.net/10500/19590.
MLA Handbook (7th Edition):
Chakanyuka, Goodman. “Analysis of the relationship between business cycles and bank credit extenstion : evidence from South Africa
.” 2015. Web. 24 Jan 2021.
Vancouver:
Chakanyuka G. Analysis of the relationship between business cycles and bank credit extenstion : evidence from South Africa
. [Internet] [Doctoral dissertation]. University of South Africa; 2015. [cited 2021 Jan 24].
Available from: http://hdl.handle.net/10500/19590.
Council of Science Editors:
Chakanyuka G. Analysis of the relationship between business cycles and bank credit extenstion : evidence from South Africa
. [Doctoral Dissertation]. University of South Africa; 2015. Available from: http://hdl.handle.net/10500/19590

Univerzitet u Beogradu
8.
Pantelić, Marija B.
Изградња савремених принципа процењивања у функцији
временског повезивања прихода и расхода.
Degree: Ekonomski fakultet, 2016, Univerzitet u Beogradu
URL: https://fedorabg.bg.ac.rs/fedora/get/o:10412/bdef:Content/get
► Društvene nauke / Računovodstvo
Процес финансијског извештавања и финансијски извештаји које продукује су од изузетног значаја будући да обезбеђују неопходну информациону основу за доношење економских…
(more)
▼ Društvene nauke / Računovodstvo
Процес финансијског извештавања и финансијски
извештаји које продукује су од изузетног значаја будући да
обезбеђују неопходну информациону основу за доношење економских
одлука. Почетком новог века, проблематика финансијског извештавања
је као никада до тада у фокусу разматрања веома широког круга
учесника, укључујући чак парламенте и владе, а повод за то је
представљало неколико таласа скандала у финансијском извештавању и
дугогодишња финансијска криза. Између осталог као важна тема ових
расправа наметнуо се однос рачуноводства историјског трошка и
рачуноводства фер вредности. Ова расправа се у основи своди на
дебату о поузданости и релевантности. Примарни циљ финансијског
извештавања код рачуноводства историјског трошка представља
утврђивање тачног и упоредивог периодичног резултата, док је
примарни циљ рачуноводства фер вредности утврђивање фер вредности
нето имовине. Како је нормативна основа савременог финансијског
извештавања у основи својеврсна комбинација ова два концепта
финансијског извештавања то је потребно обезбедити и помирење ова
два циља. Исправна периодизација прихода и расхода, као
претпоставка обрачуна успеха, као и исправно вредновање средстава и
обавеза (нето имовине) стимулисали су рачуноводствену праксу на
развој рачуноводствених принципа а рачуноводствену теорију на
испитивање постојећих и изградњу савремених принципа процењивања
који су у функцији реализације циљева финансијског извештавања.
Рачуноводствени принципи, дакле, представљају инструмент за
испуњење циљева финансијског извештавања. Рачуноводствени принципи
су уграђени у законску и професионалну регулативу, али имају и
функцију допуне рачуноводствених стандарда кад год нека питања нису
експлицитно регулисана стандардима или/и постоји висок степен
просуђивања.
Advisors/Committee Members: Malinić, Dejan.
Subjects/Keywords: financial reporting; accounting principles; historical
cost accounting; fair value accounting; financial crisis;
volatility; procyclicality; disclosure; mixed model of financial
reporting
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Pantelić, M. B. (2016). Изградња савремених принципа процењивања у функцији
временског повезивања прихода и расхода. (Thesis). Univerzitet u Beogradu. Retrieved from https://fedorabg.bg.ac.rs/fedora/get/o:10412/bdef:Content/get
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Pantelić, Marija B. “Изградња савремених принципа процењивања у функцији
временског повезивања прихода и расхода.” 2016. Thesis, Univerzitet u Beogradu. Accessed January 24, 2021.
https://fedorabg.bg.ac.rs/fedora/get/o:10412/bdef:Content/get.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Pantelić, Marija B. “Изградња савремених принципа процењивања у функцији
временског повезивања прихода и расхода.” 2016. Web. 24 Jan 2021.
Vancouver:
Pantelić MB. Изградња савремених принципа процењивања у функцији
временског повезивања прихода и расхода. [Internet] [Thesis]. Univerzitet u Beogradu; 2016. [cited 2021 Jan 24].
Available from: https://fedorabg.bg.ac.rs/fedora/get/o:10412/bdef:Content/get.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Pantelić MB. Изградња савремених принципа процењивања у функцији
временског повезивања прихода и расхода. [Thesis]. Univerzitet u Beogradu; 2016. Available from: https://fedorabg.bg.ac.rs/fedora/get/o:10412/bdef:Content/get
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
9.
Park, Hyung-Geun.
Trois essais empiriques sur les canaux de transmission entre secteurs réel et financier en Corée du Sud : Three essays on the transmission channel between real and financial sector in South Korea.
Degree: Docteur es, Sciences économiques, 2013, Université Paris X – Nanterre
URL: http://www.theses.fr/2013PA100064
► Cette thèse se compose de trois articles qui s’insèrent dans une même problématique sur les interrelations entre les secteurs financier et réel en Corée du…
(more)
▼ Cette thèse se compose de trois articles qui s’insèrent dans une même problématique sur les interrelations entre les secteurs financier et réel en Corée du sud. Notre analyse empirique a vérifié le bon fonctionnement de certains composants du mécanisme de transmission entre les secteurs financier et réel. Tout d'abord, nous avons constaté que le canal du crédit bancaire a fonctionné comme l'un des canaux de transmission de la politique monétaire (Chapitre1). Ensuite, nous avons vérifié empiriquement que la capitalisation des banques est un facteur important dans la transmission des chocs de politique monétaire (Chapitre2). Enfin, notre analyse sur l’interaction entre le prix de l’immobilier et le crédit bancaire a montré qu’il existait une relation à long terme entre les prix de l'immobilier et les prêts bancaires (Chapitre 3). Comme vérifié empiriquement dans notre analyse, le secteur financier et le secteur réel sont étroitement liés par le choc financier ou réel. Les résultats mettent en valeur les points suivants vis-à-vis des politiques monétaires et de supervision. Premièrement, il est important que la politique monétaire prenne en compte la régulation du capital et son effet sur l’économie. Deuxièmement, en prenant en compte le fait que le prêt hypothécaire est très étroitement lié à la conjoncture économique en Corée, l’instrument de la politique macroprudentielle pour réduire la procyclicité est nécessaire. La banque centrale et l’autorité prudentielle peuvent collaborer à développer ces instruments.
This thesis consists of three Articles that fit into the same issue on the interrelationships between the financial and real sectors in South Korea. Our empirical analysis has verified the correct functioning of certain components of the transmission mechanism between the financial and real sectors. Firstly, we found that the bank lending channel has functioned as one of the transmission channels of monetary policy (Chapter 1). Then, we verified empirically that the capitalization of banks is an important factor in the transmission of monetary policy shocks (Chapter 2). Finally, our analysis of the interaction between property prices and bank lending has shown that there is a long-term relationship between property prices and bank lending (Chapter 3). As empirically verified in our analysis, the financial sector and the real sector are closely linked through shocks, either financial or real. The results highlight the following points vis-à-vis the monetary policy and macroprudential policy. First, it is important that monetary policy takes into account the capital regulation and its effect on the economy. Second, taking into account the fact that the mortgage is very closely linked to the economic situation in Korea, macroprudential policy instruments is required to reduce procyclicality. The central bank and the supervisory authority can collaborate to develop these instruments.
Advisors/Committee Members: Scialom, Laurence (thesis director).
Subjects/Keywords: Politique monétaire; Canal du prêt bancaire; Canal du capital bancaire; Politique macro-prudentielle; Procyclicité; Intermédiation financière; Monetary policy; Bank lending channel; Bank capital channel; Macroprudential policy; Procyclicality; Financial intermediation; 330
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Park, H. (2013). Trois essais empiriques sur les canaux de transmission entre secteurs réel et financier en Corée du Sud : Three essays on the transmission channel between real and financial sector in South Korea. (Doctoral Dissertation). Université Paris X – Nanterre. Retrieved from http://www.theses.fr/2013PA100064
Chicago Manual of Style (16th Edition):
Park, Hyung-Geun. “Trois essais empiriques sur les canaux de transmission entre secteurs réel et financier en Corée du Sud : Three essays on the transmission channel between real and financial sector in South Korea.” 2013. Doctoral Dissertation, Université Paris X – Nanterre. Accessed January 24, 2021.
http://www.theses.fr/2013PA100064.
MLA Handbook (7th Edition):
Park, Hyung-Geun. “Trois essais empiriques sur les canaux de transmission entre secteurs réel et financier en Corée du Sud : Three essays on the transmission channel between real and financial sector in South Korea.” 2013. Web. 24 Jan 2021.
Vancouver:
Park H. Trois essais empiriques sur les canaux de transmission entre secteurs réel et financier en Corée du Sud : Three essays on the transmission channel between real and financial sector in South Korea. [Internet] [Doctoral dissertation]. Université Paris X – Nanterre; 2013. [cited 2021 Jan 24].
Available from: http://www.theses.fr/2013PA100064.
Council of Science Editors:
Park H. Trois essais empiriques sur les canaux de transmission entre secteurs réel et financier en Corée du Sud : Three essays on the transmission channel between real and financial sector in South Korea. [Doctoral Dissertation]. Université Paris X – Nanterre; 2013. Available from: http://www.theses.fr/2013PA100064
10.
Oman, William.
Essays on the financial cycle and macroeconomics : measuring macrofinancial pro-cyclicality : Essais sur le cycle financier et la macroéconomie : mesurer la procyclicité macrofinancière.
Degree: Docteur es, Sciences économiques, 2018, Paris 1
URL: http://www.theses.fr/2018PA01E012
► Cette thèse étudie le rôle du cycle financier dans la macroéconomie. Le chapitre 1 étudie le synchronisme des cycles conjoncturels et des cycles financiers en…
(more)
▼ Cette thèse étudie le rôle du cycle financier dans la macroéconomie. Le chapitre 1 étudie le synchronisme des cycles conjoncturels et des cycles financiers en zone euro. Le chapitre 2 propose une nouvelle mesure de l’écart de production corrigé des facteurs financiers. Le chapitre 3 propose un indicateur simple et intuitif pour quantifier la procyclicité de la politique budgétaire en fonction d’estimations de l’écart de production et du solde budgétaire primaire corrigé des variations conjoncturelles. La thèse montre que la prise en compte du cycle financier permet d’éclairer l’analyse des fluctuations macrofinancières. L’un des résultats clés est que la Grèce, l’Irlande et l’Espagne ont connu un cycle de macrofinancier boombust commun dans les années 2000. Les éléments empiriques présentés dans les trois chapitres de cette thèse ont des implications pour les principaux domaines de la politique macroéconomique : la politique monétaire (les politiques macroprudentielles et monétaires doivent être coordonnées), la politique budgétaire (la procyclicité de la politique budgétaire peut être réduite en tenant compte du cycle financier dans l’estimation du solde budgétaire structurel), et la politique financière (les politiques de stabilité financière peuvent compléter les politiques budgétaires et monétaires dans leur fonction de stabilisation du cycle).
This dissertation studies the role of the financial cycle in macroeconomics. Chapter 1 studies the synchronization of business cycles and financial cycles in the euro area. Chapter 2 proposes a new, financeadjusted measure of the output gap. Chapter 3 proposes a simple and intuitive indicator to quantify the procyclicality of fiscal policy based on output gap and cyclicallyadjusted primary fiscal balance estimates. The dissertation shows that taking account of the financial cycle can help inform the analysis of macrofinancial fluctuations. A key finding is that Greece, Ireland and Spain experienced a common macrofinancial boombust cycle in the 2000s. The evidence in the three chapters of this dissertation has implications for the main areas of macroeconomic policy: monetary policy (macroprudential and monetary policies should be coordinated), fiscal policy (fiscal policy pro-cyclicality can be reduced by taking account of the financial cycle in estimating structural fiscal balances), and financial policy (financial stability policies can complement fiscal and monetary policies in stabilizing the cycle).
Advisors/Committee Members: Tinel, Bruno (thesis director).
Subjects/Keywords: Cycles conjoncturels; Cycles financiers; Synchronisation; Écarts de production; Procyclicité; Politique monétaire; Politique macroprudentielle; Politique budgétaire; Business cycles; Financial cycles; Synchronization; Output gaps; Procyclicality; Monetary policy; Macroprudential policy; Fiscal policy; 339
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Oman, W. (2018). Essays on the financial cycle and macroeconomics : measuring macrofinancial pro-cyclicality : Essais sur le cycle financier et la macroéconomie : mesurer la procyclicité macrofinancière. (Doctoral Dissertation). Paris 1. Retrieved from http://www.theses.fr/2018PA01E012
Chicago Manual of Style (16th Edition):
Oman, William. “Essays on the financial cycle and macroeconomics : measuring macrofinancial pro-cyclicality : Essais sur le cycle financier et la macroéconomie : mesurer la procyclicité macrofinancière.” 2018. Doctoral Dissertation, Paris 1. Accessed January 24, 2021.
http://www.theses.fr/2018PA01E012.
MLA Handbook (7th Edition):
Oman, William. “Essays on the financial cycle and macroeconomics : measuring macrofinancial pro-cyclicality : Essais sur le cycle financier et la macroéconomie : mesurer la procyclicité macrofinancière.” 2018. Web. 24 Jan 2021.
Vancouver:
Oman W. Essays on the financial cycle and macroeconomics : measuring macrofinancial pro-cyclicality : Essais sur le cycle financier et la macroéconomie : mesurer la procyclicité macrofinancière. [Internet] [Doctoral dissertation]. Paris 1; 2018. [cited 2021 Jan 24].
Available from: http://www.theses.fr/2018PA01E012.
Council of Science Editors:
Oman W. Essays on the financial cycle and macroeconomics : measuring macrofinancial pro-cyclicality : Essais sur le cycle financier et la macroéconomie : mesurer la procyclicité macrofinancière. [Doctoral Dissertation]. Paris 1; 2018. Available from: http://www.theses.fr/2018PA01E012

University of South Africa
11.
Rooplall, Videshree.
Financial stability and macroprudential policy
.
Degree: 2016, University of South Africa
URL: http://hdl.handle.net/10500/21952
► A key lesson learnt from the 2007-2009 global financial crisis was that central banks focused too much on price stability and monetary policy. Financial stability…
(more)
▼ A key lesson learnt from the 2007-2009 global financial crisis was that central banks focused too much on price stability and monetary policy. Financial stability and macroprudential policy were the missing pillars to ensure proper supervision of the financial system. This study examines the challenges faced by central banks in implementing macroprudential policies, while having limited experience as to the effect on their economies. The countercyclical capital buffer is generally considered to be one of the main macroprudential policy instruments. Using South African data, the study furthermore calculates the credit gap which serves as early warning indicator of excessive credit growth and is used to determine the point at which a countercyclical capital buffer should be activated for banks. The calculation of the countercyclical buffer indicates that the credit gap remains below the lower threshold of the buffer add-on. Hence, there is no reason to consider a capital add-on for South African banks as yet. Despite the overall reliability of the credit gap, concerns remain on its reliability under certain circumstances.
Advisors/Committee Members: Van Eeghen, P. (Piet Hein) (advisor).
Subjects/Keywords: Macroprudential policy;
Financial stability;
Monetary policy;
Microprudential policy;
Systemic risk;
Procyclicality;
Countercyclical capital buffer;
Credit-to-GDP gap;
Liquidity crisis;
Financial cycle
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Rooplall, V. (2016). Financial stability and macroprudential policy
. (Masters Thesis). University of South Africa. Retrieved from http://hdl.handle.net/10500/21952
Chicago Manual of Style (16th Edition):
Rooplall, Videshree. “Financial stability and macroprudential policy
.” 2016. Masters Thesis, University of South Africa. Accessed January 24, 2021.
http://hdl.handle.net/10500/21952.
MLA Handbook (7th Edition):
Rooplall, Videshree. “Financial stability and macroprudential policy
.” 2016. Web. 24 Jan 2021.
Vancouver:
Rooplall V. Financial stability and macroprudential policy
. [Internet] [Masters thesis]. University of South Africa; 2016. [cited 2021 Jan 24].
Available from: http://hdl.handle.net/10500/21952.
Council of Science Editors:
Rooplall V. Financial stability and macroprudential policy
. [Masters Thesis]. University of South Africa; 2016. Available from: http://hdl.handle.net/10500/21952
12.
Arizala Escamilla, Francisco.
Characterizing Fiscal and Monetary Policies : the Role of Macroeconomic Fundamentals and the Economic Cycle : Caractérisant les Politiques Budgétaire et Monétaire : le Rôle des Fondamentaux Macroéconomiques et du Cycle Economique.
Degree: Docteur es, Sciences économiques, 2015, Sorbonne Paris Cité
URL: http://www.theses.fr/2015USPCA103
► Une des questions fondamentales en économie est celle du rôle que devraient jouer les autorités publiques pour mitiger les fluctuations de l’activité économique. Cette thèse,…
(more)
▼ Une des questions fondamentales en économie est celle du rôle que devraient jouer les autorités publiques pour mitiger les fluctuations de l’activité économique. Cette thèse, organisée en trois chapitres, analyse comment les politiques économiques peuvent être caractérisées à travers différentes structures économiques et au cours du cycle économique. En particulier, la première partie de la thèse se concentre sur la politique budgétaire et analyse comment les différentes caractéristiques structurelles des pays affectent l’efficacité de la politique budgétaire. La deuxième partie analyse la conduite de la politique monétaire dans des pays en régime de ciblage d’inflation et la manière dont celle-ci a été affectée par l’expansionnisme monétaire sans précédent des économies avancées depuis la crise financière et économique globale. Le chapitre met en évidence le rôle des facteurs domestiques et externes qui affectent les décisions de politique monétaire dans les pays émergents. Etant donné que les politiques budgétaire et monétaire sont les outils les plus importants disponibles pour les autorités publiques pour la gestion de la politique macroéconomique, le troisième chapitre de la thèse analyse les bases théoriques qui soutiennent l’utilisation de ces politiques de manière contra-cyclique, et étudie comment, dans la pratique, ces politiques ont répondu aux fluctuations économiques en Amérique Latine au cours des deux dernières décennies. En particulier le chapitre analyse dans quelle mesure les politiques budgétaire et monétaire renforcent ou contrebalancent les fluctuations économiques, c’est-à-dire dans quelle mesure elles sont pro-cycliques ou contra-cycliques, et discute le rôle des institutions économiques.
One of the most fundamental questions in economics is what should be the role of economic authorities in addressing fluctuations in economic activity. This dissertation, organized in three chapters, analyses how economic policies can be characterized across economic structures and along the business cycle. In particular, the first part of the dissertation focuses on fiscal policy and addresses the question of how different structural characteristics across countries affect the effectiveness of fiscal policy. The second part analyses the conduct of monetary policy in inflation targeting countries and how it has been affected by the unprecedented expansionary monetary policies implemented by advanced economies since the recent global financial and economic crisis. The chapter highlights the role of domestic and external factors affecting the determination of monetary policy. Given that fiscal and monetary policies are the two most important tools available for policymakers in terms of macroeconomic management, the third chapter of the dissertation analyses the theoretical grounds for these policies to be used in a countercyclical manner, and studies how in practice these policies have responded to economic fluctuations in Latin America over the last two decades. In particular the chapter analyses the degree…
Advisors/Committee Members: Quenan, Carlos (thesis director).
Subjects/Keywords: Politique budgétaire; Politique monétaire; Pro-Cyclicité; Economies émergentes; Cible d’inflation; Amérique Latine; Fiscal Policy; Monetary Policy; Procyclicality; Emerging Markets; Inflation Targeting; Latin America; 332
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Arizala Escamilla, F. (2015). Characterizing Fiscal and Monetary Policies : the Role of Macroeconomic Fundamentals and the Economic Cycle : Caractérisant les Politiques Budgétaire et Monétaire : le Rôle des Fondamentaux Macroéconomiques et du Cycle Economique. (Doctoral Dissertation). Sorbonne Paris Cité. Retrieved from http://www.theses.fr/2015USPCA103
Chicago Manual of Style (16th Edition):
Arizala Escamilla, Francisco. “Characterizing Fiscal and Monetary Policies : the Role of Macroeconomic Fundamentals and the Economic Cycle : Caractérisant les Politiques Budgétaire et Monétaire : le Rôle des Fondamentaux Macroéconomiques et du Cycle Economique.” 2015. Doctoral Dissertation, Sorbonne Paris Cité. Accessed January 24, 2021.
http://www.theses.fr/2015USPCA103.
MLA Handbook (7th Edition):
Arizala Escamilla, Francisco. “Characterizing Fiscal and Monetary Policies : the Role of Macroeconomic Fundamentals and the Economic Cycle : Caractérisant les Politiques Budgétaire et Monétaire : le Rôle des Fondamentaux Macroéconomiques et du Cycle Economique.” 2015. Web. 24 Jan 2021.
Vancouver:
Arizala Escamilla F. Characterizing Fiscal and Monetary Policies : the Role of Macroeconomic Fundamentals and the Economic Cycle : Caractérisant les Politiques Budgétaire et Monétaire : le Rôle des Fondamentaux Macroéconomiques et du Cycle Economique. [Internet] [Doctoral dissertation]. Sorbonne Paris Cité; 2015. [cited 2021 Jan 24].
Available from: http://www.theses.fr/2015USPCA103.
Council of Science Editors:
Arizala Escamilla F. Characterizing Fiscal and Monetary Policies : the Role of Macroeconomic Fundamentals and the Economic Cycle : Caractérisant les Politiques Budgétaire et Monétaire : le Rôle des Fondamentaux Macroéconomiques et du Cycle Economique. [Doctoral Dissertation]. Sorbonne Paris Cité; 2015. Available from: http://www.theses.fr/2015USPCA103
13.
Ly, Mouhamadou Moustapha.
Trois essais sur les effets de la politique budgétaire dans les pays en développement : Three essays on the effects of budgetary policy in developing countries.
Degree: Docteur es, Sciences économiques, 2011, Clermont-Ferrand 1
URL: http://www.theses.fr/2011CLF10358
► La réflexion sur l‟utilisation de la politique budgétaire comme outil de stabilisation et de relance connaît un net regain d‟intérêt ces dernières années. Après près…
(more)
▼ La réflexion sur l‟utilisation de la politique budgétaire comme outil de stabilisation et de relance connaît un net regain d‟intérêt ces dernières années. Après près de trois décennies qui ont vu la dominance des idées néo-Classique, la récente crise financière des années 2008 a consacré le retour aux idées keynésiennes sur l‟efficacité de l‟outil budgétaire. Cette thèse s‟intéresse à ce thème et essaie de caractériser la politique budgétaire dans le contexte des pays en développement et son objectif final est de préciser dans quelle mesure cet outil de politique économique serait efficace pour ces pays. Le chapitre 2 traite de la question des effets des politiques budgétaires surprises. Autrement dit, et à partir d‟une modélisation en VAR structurels, cette partie se pose la question de savoir si le budget peut être utilisé de façon surprise pour relancer une économie et quels sont les défis que pose une telle mesure dans le contexte d‟une économie en développement. Le troisième chapitre à partir d‟un modèle de gravité analyse les relations entre la situation budgétaire dans les économies avancées ainsi que celle des pays émergents et les flux d‟investissement vers les économies à revenu intermédiaire. Cette étude montre qu‟un effet d‟éviction entre pays (développés et émergents) existe mais aussi que l‟économie mondiale tend vers un nouveau paradigme. Le dernier chapitre quant à lui étudie la cyclicité des politiques budgétaires pour un échantillon de pays d‟Afrique subsaharienne et d‟Amérique latine. La méthode choisie a permis de suivre l‟évolution de la procyclicité des politiques budgétaires d‟année en année et de montrer que les pays en développement surtout africains progressivement adoptent des politiques de plus en plus disciplinées et prudentes
The use of fiscal policy as a stabilization and stimulus tool face a renewed interest from analyst and policy makers. After almost three decades where neo-Classical ideas were dominant, the recent financial crisis (late 2007) marked the reborn of Keynesian ideas on the importance of the State budget during economic downturns. This dissertation focuses on this issue and provides with stylized facts of fiscal policies in developing economies, and the main aim being to be able to say whether fiscal policy is an efficient political economy tool. Chapter 2 focuses on the issue of unanticipated fiscal measures on the economy. Using a structural VAR approach it investigates whether unanticipated budget measures can be used to stimulate a declining economy and what kind of challenges and threats this strategy imposes to public authorities. Chapter 3, relying on a gravity model, analyses the relationship between emerging and advanced economies fiscal aggregates and capital flows. It shows that there exists a “global” crowding out effect of investment towards emerging markets and, most important is that world economy is entering into a new paradigm. The last chapter from a panel of Sub-Saharan African and Latin American economies studies the issue of fiscal procyclicality.…
Advisors/Committee Members: Combes, Jean-Louis (thesis director), Diaw, Adama (thesis director).
Subjects/Keywords: Politique budgétaire; Fiscal Policy; Developing countries; Shocks; Procyclicality; Panel Structural VAR models; Gravity models; Local Gaussian-weighted ordinary Least squares estimates; 338.9
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APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Ly, M. M. (2011). Trois essais sur les effets de la politique budgétaire dans les pays en développement : Three essays on the effects of budgetary policy in developing countries. (Doctoral Dissertation). Clermont-Ferrand 1. Retrieved from http://www.theses.fr/2011CLF10358
Chicago Manual of Style (16th Edition):
Ly, Mouhamadou Moustapha. “Trois essais sur les effets de la politique budgétaire dans les pays en développement : Three essays on the effects of budgetary policy in developing countries.” 2011. Doctoral Dissertation, Clermont-Ferrand 1. Accessed January 24, 2021.
http://www.theses.fr/2011CLF10358.
MLA Handbook (7th Edition):
Ly, Mouhamadou Moustapha. “Trois essais sur les effets de la politique budgétaire dans les pays en développement : Three essays on the effects of budgetary policy in developing countries.” 2011. Web. 24 Jan 2021.
Vancouver:
Ly MM. Trois essais sur les effets de la politique budgétaire dans les pays en développement : Three essays on the effects of budgetary policy in developing countries. [Internet] [Doctoral dissertation]. Clermont-Ferrand 1; 2011. [cited 2021 Jan 24].
Available from: http://www.theses.fr/2011CLF10358.
Council of Science Editors:
Ly MM. Trois essais sur les effets de la politique budgétaire dans les pays en développement : Three essays on the effects of budgetary policy in developing countries. [Doctoral Dissertation]. Clermont-Ferrand 1; 2011. Available from: http://www.theses.fr/2011CLF10358
14.
Zilberman, Roy.
Essays on Banking Regulation, Macroeconomic Dynamics and
Financial Volatility.
Degree: 2013, University of Manchester
URL: http://www.manchester.ac.uk/escholar/uk-ac-man-scw:215831
► The recent global financial crisis of 2007-2009 and the subsequent recession have prompted renewed interest into how banking regulation and fluctuations in the financial sector…
(more)
▼ The recent global financial crisis of 2007-2009 and
the subsequent recession have prompted renewed interest into how
banking regulation and fluctuations in the financial sector impact
the business cycle. Using three different model setups, this thesis
promotes a further understanding and identification of the various
transmission channels through which regulatory changes and
volatility in the financial system link to the real economy.Chapter
1 examines the effects of bank capital requirements in a simple
macroeconomic model with credit market frictions. A bank capital
channel is introduced through a monitoring incentive effect of bank
capital buffers on the repayment probability, which affects the
loan rate behaviour via the risk premium. We also identify a
collateral channel, which mitigates moral hazard behaviour by
firms, and therefore raises their repayment probability. Basel I
and Basel II regulatory regimes are then defined, with a
distinction made between the Standardized and Foundation Internal
Ratings Based (IRB) approaches of Basel II. We analyse the role of
the bank capital and collateral channels in the transmission of
supply shocks, and show that depending on the strength of these
channels, the loan rate can either amplify or mitigate the effects
of productivity shocks. Finally, the impact of the two channels
also determines which of the regulatory regimes is most
procyclical.Chapter 2 studies the interactions between bank capital
regulation and the real business cycle in a Dynamic Stochastic
General Equilibrium (DSGE) framework with financial frictions,
along with endogenous risk of default at the firm and bank capital
levels. We show that in a model which accounts for bank capital
risk and regulatory requirements, the endogenous risk of default
produces an accelerator effect and impacts the loan rate and the
real economy through multiple channels. Furthermore, the
simulations illustrate that a risk sensitive regulatory regime
(Basel II) amplifies the response of macroeconomic and financial
variables following supply, monetary and financial shocks, with the
strength of the key transmission channels depending on the nature
of the shock. The impact of higher regulatory requirements (as
proposed under Basel III) is also examined and is shown to increase
procyclicality in the financial system and real economy.Chapter 3
studies the interactions between loan loss provisions and business
cycle fluctuations in a Dynamic Stochastic General Equilibrium
(DSGE) model with credit market imperfections. With a
backward-looking provisioning system, provisions are triggered by
past due payments (or nonperforming loans), which, in turn, depend
on current economic conditions and the loan loss reserves-loan
ratio. With a forward-looking system, both past due payments and
expected losses over the whole business cycle are accounted for,
and provisions are smoothed over the cycle. Numerical experiments
based on a parameterized version of the model show that holding
more provisions can reduce the
procyclicality of the…
Advisors/Committee Members: BRATSIOTIS, GEORGE GJ, Bratsiotis, George, Agenor, Pierre-Richard.
Subjects/Keywords: Banking Regulation; Procyclicality; Financial - Real Business Cycle Linkages; Basel Accords
…leading to increased procyclicality of both …nancial and real variables following supply, demand… …increase the degree of procyclicality already inherent in the banking system. As argued by… …are highly
1
In the literature of macro…nance, procyclicality refers to aspects of …nancial… …additional
procyclicality. Moreover, in a recent contribution, Angeloni and Faia (2013)… …rate following supply
shocks, with Basel II inducing less procyclicality compared to Basel I…
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Zilberman, R. (2013). Essays on Banking Regulation, Macroeconomic Dynamics and
Financial Volatility. (Doctoral Dissertation). University of Manchester. Retrieved from http://www.manchester.ac.uk/escholar/uk-ac-man-scw:215831
Chicago Manual of Style (16th Edition):
Zilberman, Roy. “Essays on Banking Regulation, Macroeconomic Dynamics and
Financial Volatility.” 2013. Doctoral Dissertation, University of Manchester. Accessed January 24, 2021.
http://www.manchester.ac.uk/escholar/uk-ac-man-scw:215831.
MLA Handbook (7th Edition):
Zilberman, Roy. “Essays on Banking Regulation, Macroeconomic Dynamics and
Financial Volatility.” 2013. Web. 24 Jan 2021.
Vancouver:
Zilberman R. Essays on Banking Regulation, Macroeconomic Dynamics and
Financial Volatility. [Internet] [Doctoral dissertation]. University of Manchester; 2013. [cited 2021 Jan 24].
Available from: http://www.manchester.ac.uk/escholar/uk-ac-man-scw:215831.
Council of Science Editors:
Zilberman R. Essays on Banking Regulation, Macroeconomic Dynamics and
Financial Volatility. [Doctoral Dissertation]. University of Manchester; 2013. Available from: http://www.manchester.ac.uk/escholar/uk-ac-man-scw:215831
15.
Pedrono, Justine.
Banking stability and currency diversification : Stabilité bancaire et diversification monétaire.
Degree: Docteur es, Sciences économiques, 2017, Aix Marseille Université
URL: http://www.theses.fr/2017AIXM0283
► La crise financière de 2008 a mis en exergue l'instabilité financière des banques en identifiant le caractère procyclique du levier bancaire, la sous-capitalisation des banques,…
(more)
▼ La crise financière de 2008 a mis en exergue l'instabilité financière des banques en identifiant le caractère procyclique du levier bancaire, la sous-capitalisation des banques, et la nécessité de définir une nouvelle régulation bancaire. La dimension internationale des activités bancaires et l'identification des banques globales complètent ce constat. Les banques européennes, par leurs expositions aux marchés financiers américains, sont diversifiées internationalement: une part de leurs actifs et de leurs dettes est libellée en dollar américain. Le taux de change flottant entre le dollar et l'euro introduit un effet de valorisation et un risque de change qui impactent la stabilité bancaire. Cette thèse étudie l'impact de la diversification internationale des bilans bancaires sur la procyclicité du levier, sur la structure du capital, et sur la volatilité de capital. Quatre chapitres combinent des travaux théoriques et empiriques. Le premier chapitre analyse l'impact théorique de la diversification sur la procyclicité du levier. Le chapitre 2 utilise des données bancaires françaises entre 1999 et 2015 et montre un impact positif. Dans le chapitre 3, les mêmes données sont utilisées afin d'estimer l'impact de la diversification sur la structure du capital. L'introduction de cette dimension est déterminante dans le cadre de cette analyse. Enfin, le chapitre 4 élargit la problématique en reliant l'intégration internationale, la diversification et la volatilité du capital. Nous identifions les différentes sources de risque et nous montrons que la banque peut bénéficier d'un régime de change flottant et d'une diversification internationale.
The 2008 financial crisis has rekindled discussions on the financial stability of banks by identifying the procyclical behavior of banking leverage, the lack of capital in banks' balance sheet and the necessity of introducing a new regulatory framework. It has also highlighted the international dimension of banking activities and the identification of global banks. The significant exposure to the US financial markets leads to an international diversification of European global banks where part of their assets and liabilities are denominated in US dollar. The floating exchange rate regime between the US dollar and the euro then implies a foreign exchange risk and a valuation effect that would affect banking stability. The purpose of thesis is to study the impact of international diversification of bank’s balance sheet on leverage procyclicality, capital structure and equity volatility. I develop four chapters combining theoretical and empirical research. The first chapter analyses the theoretical impact of currency diversification on leverage procyclicality. Chapter 2 uses innovative data on banks located in France from 1999 to 2015 and shows that the relationship is positive. In the third chapter, we use our data to estimate the impact of international diversification on capital structure and we show that introducing this new dimension is determinant to the capital structure.…
Advisors/Committee Members: Pintus, Patrick (thesis director), Bénassy-Quéré, Agnès (thesis director).
Subjects/Keywords: Banque; Diversification internationale; Stabilité financière; Stabilité bancaire; Taux de change; Levier; Procyclicité; Structure du capital; Intégration internationale; Volatilité conditionnelle; Corrélation conditionnelle; Bank; International diversification; Financial stability; Banking stability; Foreign exchange rate; Leverage; Procyclicality; Capital structure; International integration; Conditionnal volatility; Conditionnal correlation
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Pedrono, J. (2017). Banking stability and currency diversification : Stabilité bancaire et diversification monétaire. (Doctoral Dissertation). Aix Marseille Université. Retrieved from http://www.theses.fr/2017AIXM0283
Chicago Manual of Style (16th Edition):
Pedrono, Justine. “Banking stability and currency diversification : Stabilité bancaire et diversification monétaire.” 2017. Doctoral Dissertation, Aix Marseille Université. Accessed January 24, 2021.
http://www.theses.fr/2017AIXM0283.
MLA Handbook (7th Edition):
Pedrono, Justine. “Banking stability and currency diversification : Stabilité bancaire et diversification monétaire.” 2017. Web. 24 Jan 2021.
Vancouver:
Pedrono J. Banking stability and currency diversification : Stabilité bancaire et diversification monétaire. [Internet] [Doctoral dissertation]. Aix Marseille Université 2017. [cited 2021 Jan 24].
Available from: http://www.theses.fr/2017AIXM0283.
Council of Science Editors:
Pedrono J. Banking stability and currency diversification : Stabilité bancaire et diversification monétaire. [Doctoral Dissertation]. Aix Marseille Université 2017. Available from: http://www.theses.fr/2017AIXM0283
16.
Leroy, Aurelien.
Analyse des effets de la concurrence bancaire sur la stabilité et l'efficience : une perspective européenne : Analysis of the effects of bank competition on stability and efficiency : A European perspective.
Degree: Docteur es, Sciences économiques, 2016, Université d'Orléans
URL: http://www.theses.fr/2016ORLE0503
► L’expérience de la « Grande Récession » a conduit économistes et praticiens à porter une attention particulière àla stabilité financière,mais aussi, dans la perspective de…
(more)
▼ L’expérience de la « Grande Récession » a conduit économistes et praticiens à porter une attention particulière àla stabilité financière,mais aussi, dans la perspective de sortie de crise, aux moyens de financer l’émergence d’unnouveau modèle de croissance plus durable.Dans ce contexte, notre thèse se propose d’apprécier l’influence de laconcurrence bancaire sur la stabilité et sur l’efficience, afin d’éclairer le débat sur le degré de concurrence optimalen Europe. À cet effet, on étudie, tout d’abord, les effets de la concurrence bancaire sur l’instabilité financière, ense saisissant du concept de risque systémique. Cela nous conduit à mener à bien deux études distinctes : l’uneportant sur la répartition du risque systémique entre entités financières, l’autre sur la procyclicité financière.Dansles deux cas, nous concluons à l’existence d’un lien positif entre concurrence et stabilité. Nous nous intéressonsensuite à la question de la stabilité en termes d’efficacité de la politique de stabilisationmonétaire. Dans ce cadre,on met en évidence que la concurrence bancaire améliore l’efficacité de deux canaux de transmission : le canal destaux d’intérêt et le canal du crédit bancaire. L’insuffisance de l’intégration bancaire européenne, dont témoignel’hétérogénéité de la concurrence, s’avère ainsi un facteur explicatif de la fragmentation observée de la zone euro.Finalement, nous considérons la possibilité que la croissance économique puisse être fonction de la concurrencebancaire. À cet effet, on montre d’abord que cette dernière aurait théoriquement deux effets contradictoires sur lacroissance économique, avant finalement, de faire valoir empiriquement que la concurrence bancaire exerce, enEurope, des effets négatifs sur la croissance économique, en particulier en freinant la croissance de la productivitéglobale des facteurs. Nos travaux accréditent donc l’idée que stimuler la concurrence conduit à un arbitrage entrestabilité et efficience.
The experience of the “Great Recession” has led economists and policymakers to pay particular attention tofinancial stability. It also lead them to think how to get out of this recession, and particularly on the meansof financing the emergence of a new, more sustainable growth model. In this context, this thesis studies theinfluence of bank competition on stability and efficiency in order to shed light on the debate about the optimallevel of bank competition in Europe. For this purpose, we first study the effects of bank competition on financialinstability by focusing on the concept of systemic risk. This leads us to undertake two distinct studies: onefocusing on the distribution of systemic risk between financial institutions; the other on financial procyclicality.In both cases, we conclude that a positive link between competition and stability does exist.We then focus on thequestion of stability in terms of the effectiveness of the monetary stabilisation policy. In this respect, we show thatbank competition improves the efficiency of two channels of monetary transmission: the…
Advisors/Committee Members: Bellando, Raphaëlle (thesis director), Pollin, Jean-Paul (thesis director).
Subjects/Keywords: Concurrence bancaire; Stabilité financière; Risque systémique; Procyclicité; Transmission de la politique monétaire; Croissance économique; Zone euro; Union européenne; Bank competition; Financial stability; Systemic risk; Procyclicality; Monetary policy transmission; Economic growth; Eurozone; European Union; 330
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Leroy, A. (2016). Analyse des effets de la concurrence bancaire sur la stabilité et l'efficience : une perspective européenne : Analysis of the effects of bank competition on stability and efficiency : A European perspective. (Doctoral Dissertation). Université d'Orléans. Retrieved from http://www.theses.fr/2016ORLE0503
Chicago Manual of Style (16th Edition):
Leroy, Aurelien. “Analyse des effets de la concurrence bancaire sur la stabilité et l'efficience : une perspective européenne : Analysis of the effects of bank competition on stability and efficiency : A European perspective.” 2016. Doctoral Dissertation, Université d'Orléans. Accessed January 24, 2021.
http://www.theses.fr/2016ORLE0503.
MLA Handbook (7th Edition):
Leroy, Aurelien. “Analyse des effets de la concurrence bancaire sur la stabilité et l'efficience : une perspective européenne : Analysis of the effects of bank competition on stability and efficiency : A European perspective.” 2016. Web. 24 Jan 2021.
Vancouver:
Leroy A. Analyse des effets de la concurrence bancaire sur la stabilité et l'efficience : une perspective européenne : Analysis of the effects of bank competition on stability and efficiency : A European perspective. [Internet] [Doctoral dissertation]. Université d'Orléans; 2016. [cited 2021 Jan 24].
Available from: http://www.theses.fr/2016ORLE0503.
Council of Science Editors:
Leroy A. Analyse des effets de la concurrence bancaire sur la stabilité et l'efficience : une perspective européenne : Analysis of the effects of bank competition on stability and efficiency : A European perspective. [Doctoral Dissertation]. Université d'Orléans; 2016. Available from: http://www.theses.fr/2016ORLE0503

University of Maryland
17.
Qi, Zhikun.
ESSAYS ON HOUSING INVESTMENTS IN EMERGING MARKETS.
Degree: Economics, 2009, University of Maryland
URL: http://hdl.handle.net/1903/9941
► New residential construction is significantly more procyclical in emerging markets than in developed countries, although the correlation between aggregate investment and output is similar across…
(more)
▼ New residential construction is significantly more procyclical in emerging markets than in developed countries, although the correlation between aggregate investment and output is similar across emerging and developed countries. This paper shows that a multi-sector stochastic growth model with a housing production sector can explain this fact. The key feature of the model is that housing demand depends on the cyclical behavior of consumption of tradable goods, which is much more volatile in emerging markets. Therefore, when a positive productivity shock hits the economy, the larger response of consumption of tradable goods implies that it is more attractive for consumers in emerging markets to purchase housing than it is for consumers in developed countries. This paper considers various factors that contribute to the large variability of consumption in emerging markets, and finds that larger trend growth rate shocks in emerging markets than in developed countries are quantitatively important. The reason is that a positive productivity shock signals even higher productivity in the future with large growth rate shocks, so the current consumption response is large and the return to housing investment is high. While qualitatively the model matches the differences in the cyclicality of new residential construction across emerging markets and developed countries, quantitatively the model underestimates this comovement and the volatilities in housing investment in emerging markets.
Furthermore, international interest rate shocks highly correlated with productivity shocks are very important in explaining the large swings in housing investment in emerging markets. Interest rate shocks work through three channels to affect housing investment: the direct `mortgage rate' effect, the indirect effect through increasing non-housing consumption and the supply effect due to the working capital constraint. Quantitatively, the direct `mortgage rate' effect is the most important channel. When the housing asset acts as collateral to reduce household's financing costs, it provides an empirically important mechanism to amplify and propagate interest rate shocks over the business cycle. The reason is that housing prices and interest rates reinforce with each other to generate more procyclical housing investment and more volatile consumption and output.
Advisors/Committee Members: Vegh, Carlos (advisor).
Subjects/Keywords: Economics, Finance; Economics, Theory; business cycle; emerging market; fluctuation; housing investment; mortgage market; procyclicality
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Qi, Z. (2009). ESSAYS ON HOUSING INVESTMENTS IN EMERGING MARKETS. (Thesis). University of Maryland. Retrieved from http://hdl.handle.net/1903/9941
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Qi, Zhikun. “ESSAYS ON HOUSING INVESTMENTS IN EMERGING MARKETS.” 2009. Thesis, University of Maryland. Accessed January 24, 2021.
http://hdl.handle.net/1903/9941.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Qi, Zhikun. “ESSAYS ON HOUSING INVESTMENTS IN EMERGING MARKETS.” 2009. Web. 24 Jan 2021.
Vancouver:
Qi Z. ESSAYS ON HOUSING INVESTMENTS IN EMERGING MARKETS. [Internet] [Thesis]. University of Maryland; 2009. [cited 2021 Jan 24].
Available from: http://hdl.handle.net/1903/9941.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Qi Z. ESSAYS ON HOUSING INVESTMENTS IN EMERGING MARKETS. [Thesis]. University of Maryland; 2009. Available from: http://hdl.handle.net/1903/9941
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

University of Newcastle
18.
Gooley, Nathan John.
Evergreen, bank funding & liquidity management.
Degree: DBA, 2016, University of Newcastle
URL: http://hdl.handle.net/1959.13/1310643
► Research Doctorate - Doctorate of Business Administration (DBA)
Government mandated institutions in Australia and Canada have continuously progressed banking regulation throughout time by making gradual…
(more)
▼ Research Doctorate - Doctorate of Business Administration (DBA)
Government mandated institutions in Australia and Canada have continuously progressed banking regulation throughout time by making gradual alterations to prudential frameworks and supervisory practices. This has included the prompt domestic adaptation of the three Basel accords. A main objective is to ensure banking organisations become more resilient to stresses that impact their capital and liquidity adequacy. Banking organisations are faced with the task of transforming their balance sheets and funding profiles to not only strengthen their balance sheets but to curb heighted liquidity costs that have been brought on by regulatory reform. A review of existing literature on the components of bank funding, liquidity and procyclicality recognises their significance in ensuring individual bank stability and the prevarication of broader systemic implications in the wider economy. This dissertation has examined the historical evolution of the regulatory environments in both Australia and Canada and compared the components of bank balance sheets that offer insights into their funding preference and liquidity holdings, and provide early indicators for procyclicality within the banking sector. It has also had the goal of developing existing research and knowledge of liquidity stresses within bank balance sheets. This research has endeavoured to further balance sheet innovation, through action research that has been carried out over a five year period, to provide banking organisations with options to alter their balance sheets in order to meet the Basel III package of reforms and better deal with liquidity pressures, such as those that were evident in many countries throughout the most recent financial crisis. A new methodology for balance sheet transformation under Basel III, “<i>evergreen</i>” is articulated, with a suite of evergreen asset and liability products and balance sheet exposures being assessed for impact and acceptance within the banking industry. Verification of the evergreen method is demonstrated by the banking industry including it within their strategy for future balance sheet innovation; banks designing and constructing evergreen capability; the regulator encompassing it within prudential standards; and widespread acceptance of evergreen by investors and other financial market participants. Whilst components of evergreen are increasingly becoming a greater part of the banking industry within Australia, it is recognised that the concepts and models of evergreen, are at a primary juncture in their development and require substantial additional focus and research. The usefulness of this dissertation will be established through the particulars of future research settings and must be appraised to the degree that it appears correct, original and apt. Regarding deposits, this dissertation finds that: the existence of voluntary deposit insurance schemes would allow the competitive landscape for retail deposits to become about more than just price;…
Advisors/Committee Members: University of Newcastle. Faculty of Business & Law, Newcastle Business School.
Subjects/Keywords: evergreen; liquidity; dual banking Theory; bank funding; deposits; wholesale funding; Australia; Canada; Australian banking system; Canadian banking system; liquidity coverage ratio; net stable funding ratio; procyclicality; net cumulative cash flow; historical research; comparative research; action research; intraday liquidity; lender of last resort; insured deposits; core deposits; customer relationships; transactional deposits; bank balance sheet; regulatory evolution; counterbalancing capacity; regulatory liquidity; economic liquidity; weighted average cost of liquidity; liquid asset carrying cost; liquidity duration funding factor; term liquidity premium; runoff factors; single currency basis; bank regulation; 6s3s; 3s1s; BOB; bills/OIS; FRA/OIS; bank margin; net interest margin; high quality liquid assets; notice account; notice deposit; Basel III; callable deposit; daylight liquidity; BOB Spread; BBSW; CDOR; committed liquidity facility; authorised deposit-taking institution; Bank for International Settlements’ (BIS); BCBS; APRA; liquidity stress; OSFI; RBA; BOC; off-balance sheet; uninsured deposits; working capital; behavioural maturity; contractual maturity; notice period; liquidity risk; liquid Assets; notice of withdrawal; banking; interest rates; option; secured funding; free banking theory; institutional theory
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Gooley, N. J. (2016). Evergreen, bank funding & liquidity management. (Doctoral Dissertation). University of Newcastle. Retrieved from http://hdl.handle.net/1959.13/1310643
Chicago Manual of Style (16th Edition):
Gooley, Nathan John. “Evergreen, bank funding & liquidity management.” 2016. Doctoral Dissertation, University of Newcastle. Accessed January 24, 2021.
http://hdl.handle.net/1959.13/1310643.
MLA Handbook (7th Edition):
Gooley, Nathan John. “Evergreen, bank funding & liquidity management.” 2016. Web. 24 Jan 2021.
Vancouver:
Gooley NJ. Evergreen, bank funding & liquidity management. [Internet] [Doctoral dissertation]. University of Newcastle; 2016. [cited 2021 Jan 24].
Available from: http://hdl.handle.net/1959.13/1310643.
Council of Science Editors:
Gooley NJ. Evergreen, bank funding & liquidity management. [Doctoral Dissertation]. University of Newcastle; 2016. Available from: http://hdl.handle.net/1959.13/1310643
.