What?s Different about Bank Holding Companies? /:
The recent fnancial crisis highlighted the role of Bank Holding Companies (BHCs) in exacerbating the crisis and in transmitting monetary policy beyond the local economy to global markets. Yet, little is known about their behavior, as most models of banking typically focus on banks with a loan desk....
Gespeichert in:
| Hauptverfasser: | , , , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
2017.
|
| Schriftenreihe: | IMF working paper ;
WP/17/26. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The recent fnancial crisis highlighted the role of Bank Holding Companies (BHCs) in exacerbating the crisis and in transmitting monetary policy beyond the local economy to global markets. Yet, little is known about their behavior, as most models of banking typically focus on banks with a loan desk. We develop a dynamic model of a BHC that encompasses both a trading desk and a loan desk, and explore the role of risk attitude and overleveraging by the trading desk. We trace the impact of monetary policy and market innovations on bank behavior in the presence of Basel III type regulations. To our knowledge, this is a first such exercise. We show that the value of the BHC is enhanced by operating both desks, even if they both are subject to common market shocks. We explore alternative regulatory remedies to ongoing efforts to ring-fence the proprietary trading business, and show that regulations that target bank governance can mitigate possible rogue trading and the overleveraging problem. |
| Beschreibung: | 1 online resource |
| ISBN: | 1475579705 9781475579703 |
Internformat
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| 245 | 1 | 0 | |a What?s Different about Bank Holding Companies? / |c by Ralph Chami, Thomas F. Cosimano, Jun Ma and Céline Rochon. |
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| 505 | 0 | |a Cover; CONTENTS; I. Introduction; II. The Financial Market; A. Estimates of the Term Structure; III. The Bank Holding Company Model; A. Regulatory Constraints; A.1 Counter Cyclical Buffer; IV. The Role of the Trading Desk; A. The Role of the Attitude Toward Risk; B. The Role of Leverage; V. The Role of the COO; A. Determining the Optimal Loan Margin; B. Yield Curve, Regulatory Constraints, and Loan Rates; C. The Choice of Capital for the Loan Desk; D. The Probability of Distress and Loan Desk's Capital; VI. Is Ring-Fencing Optimal?; VII. Monetary Policy, Bank Capital, and Financial Stability. | |
| 520 | 3 | |a The recent fnancial crisis highlighted the role of Bank Holding Companies (BHCs) in exacerbating the crisis and in transmitting monetary policy beyond the local economy to global markets. Yet, little is known about their behavior, as most models of banking typically focus on banks with a loan desk. We develop a dynamic model of a BHC that encompasses both a trading desk and a loan desk, and explore the role of risk attitude and overleveraging by the trading desk. We trace the impact of monetary policy and market innovations on bank behavior in the presence of Basel III type regulations. To our knowledge, this is a first such exercise. We show that the value of the BHC is enhanced by operating both desks, even if they both are subject to common market shocks. We explore alternative regulatory remedies to ongoing efforts to ring-fence the proprietary trading business, and show that regulations that target bank governance can mitigate possible rogue trading and the overleveraging problem. | |
| 650 | 0 | |a Bank holding companies |x Economic aspects. | |
| 650 | 0 | |a Banks and banking |x Regulation. | |
| 650 | 6 | |a Holdings de banque |x Aspect économique. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Finance. |2 bisacsh | |
| 700 | 1 | |a Cosimano, Thomas F., |e author. |0 http://id.loc.gov/authorities/names/no99019811 | |
| 700 | 1 | |a Ma, Jun, |e author. | |
| 700 | 1 | |a Rochon, Céline, |e author. | |
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| adam_text | |
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| author | Chami, Ralph Cosimano, Thomas F. Ma, Jun Rochon, Céline |
| author_GND | http://id.loc.gov/authorities/names/no99019809 http://id.loc.gov/authorities/names/no99019811 |
| author_facet | Chami, Ralph Cosimano, Thomas F. Ma, Jun Rochon, Céline |
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| author_sort | Chami, Ralph |
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| contents | Cover; CONTENTS; I. Introduction; II. The Financial Market; A. Estimates of the Term Structure; III. The Bank Holding Company Model; A. Regulatory Constraints; A.1 Counter Cyclical Buffer; IV. The Role of the Trading Desk; A. The Role of the Attitude Toward Risk; B. The Role of Leverage; V. The Role of the COO; A. Determining the Optimal Loan Margin; B. Yield Curve, Regulatory Constraints, and Loan Rates; C. The Choice of Capital for the Loan Desk; D. The Probability of Distress and Loan Desk's Capital; VI. Is Ring-Fencing Optimal?; VII. Monetary Policy, Bank Capital, and Financial Stability. |
| ctrlnum | (OCoLC)989715812 |
| dewey-full | 332.16 |
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| dewey-ones | 332 - Financial economics |
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| dewey-search | 332.16 |
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| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| illustrated | Not Illustrated |
| indexdate | 2024-11-26T14:49:27Z |
| institution | BVB |
| isbn | 1475579705 9781475579703 |
| language | English |
| oclc_num | 989715812 |
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| spelling | Chami, Ralph, author. http://id.loc.gov/authorities/names/no99019809 What?s Different about Bank Holding Companies? / by Ralph Chami, Thomas F. Cosimano, Jun Ma and Céline Rochon. Washington, D.C. : International Monetary Fund, 2017. 1 online resource text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF working paper ; WP/17/26 Online resource; title from PDF file page (EBSCO, viewed October 9, 2018). Cover; CONTENTS; I. Introduction; II. The Financial Market; A. Estimates of the Term Structure; III. The Bank Holding Company Model; A. Regulatory Constraints; A.1 Counter Cyclical Buffer; IV. The Role of the Trading Desk; A. The Role of the Attitude Toward Risk; B. The Role of Leverage; V. The Role of the COO; A. Determining the Optimal Loan Margin; B. Yield Curve, Regulatory Constraints, and Loan Rates; C. The Choice of Capital for the Loan Desk; D. The Probability of Distress and Loan Desk's Capital; VI. Is Ring-Fencing Optimal?; VII. Monetary Policy, Bank Capital, and Financial Stability. The recent fnancial crisis highlighted the role of Bank Holding Companies (BHCs) in exacerbating the crisis and in transmitting monetary policy beyond the local economy to global markets. Yet, little is known about their behavior, as most models of banking typically focus on banks with a loan desk. We develop a dynamic model of a BHC that encompasses both a trading desk and a loan desk, and explore the role of risk attitude and overleveraging by the trading desk. We trace the impact of monetary policy and market innovations on bank behavior in the presence of Basel III type regulations. To our knowledge, this is a first such exercise. We show that the value of the BHC is enhanced by operating both desks, even if they both are subject to common market shocks. We explore alternative regulatory remedies to ongoing efforts to ring-fence the proprietary trading business, and show that regulations that target bank governance can mitigate possible rogue trading and the overleveraging problem. Bank holding companies Economic aspects. Banks and banking Regulation. Holdings de banque Aspect économique. BUSINESS & ECONOMICS Finance. bisacsh Cosimano, Thomas F., author. http://id.loc.gov/authorities/names/no99019811 Ma, Jun, author. Rochon, Céline, author. has work: What's Different about Bank Holding Companies? (Text) https://id.oclc.org/worldcat/entity/E39PCFB4TcWfhpk6v4yhy6K6JC https://id.oclc.org/worldcat/ontology/hasWork IMF working paper ; WP/17/26. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1529312 Volltext |
| spellingShingle | Chami, Ralph Cosimano, Thomas F. Ma, Jun Rochon, Céline What?s Different about Bank Holding Companies? / IMF working paper ; Cover; CONTENTS; I. Introduction; II. The Financial Market; A. Estimates of the Term Structure; III. The Bank Holding Company Model; A. Regulatory Constraints; A.1 Counter Cyclical Buffer; IV. The Role of the Trading Desk; A. The Role of the Attitude Toward Risk; B. The Role of Leverage; V. The Role of the COO; A. Determining the Optimal Loan Margin; B. Yield Curve, Regulatory Constraints, and Loan Rates; C. The Choice of Capital for the Loan Desk; D. The Probability of Distress and Loan Desk's Capital; VI. Is Ring-Fencing Optimal?; VII. Monetary Policy, Bank Capital, and Financial Stability. Bank holding companies Economic aspects. Banks and banking Regulation. Holdings de banque Aspect économique. BUSINESS & ECONOMICS Finance. bisacsh |
| title | What?s Different about Bank Holding Companies? / |
| title_auth | What?s Different about Bank Holding Companies? / |
| title_exact_search | What?s Different about Bank Holding Companies? / |
| title_full | What?s Different about Bank Holding Companies? / by Ralph Chami, Thomas F. Cosimano, Jun Ma and Céline Rochon. |
| title_fullStr | What?s Different about Bank Holding Companies? / by Ralph Chami, Thomas F. Cosimano, Jun Ma and Céline Rochon. |
| title_full_unstemmed | What?s Different about Bank Holding Companies? / by Ralph Chami, Thomas F. Cosimano, Jun Ma and Céline Rochon. |
| title_short | What?s Different about Bank Holding Companies? / |
| title_sort | what s different about bank holding companies |
| topic | Bank holding companies Economic aspects. Banks and banking Regulation. Holdings de banque Aspect économique. BUSINESS & ECONOMICS Finance. bisacsh |
| topic_facet | Bank holding companies Economic aspects. Banks and banking Regulation. Holdings de banque Aspect économique. BUSINESS & ECONOMICS Finance. |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1529312 |
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