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Externalities and Macroprudential Policy

Author/Editor: Gianni De Nicolo, Giovanni Favara, Lev Ratnovski.

Release Date:June, 2012

This note overviews macroprudential policy options that have been proposed to address the systemic risks experienced during the recent financial crisis. It contributes to the policy debate by more...



Price: $10.00
Bank Competition and Financial Stability : A General Equilibrium Exposition

Author/Editor: Marcella Lucchetta, Gianni De Nicolo.

Release Date:December, 2011

We study versions of a general equilibrium banking model with moral hazard under either constant or increasing returns to scale of the intermediation technology used by banks to screen and/or monitor more...



Price: $18.00
Banking Crises and Crisis Dating : Theory and Evidence

Author/Editor: Elena Loukoianova, Gianni De Nicolo, John H. Boyd.

Release Date:July, 2009

Many empirical studies of banking crises have employed banking crisis (BC) indicators constructedusing primarily information on government actions undertaken in response to bank distress. more...



Price: $18.00
Bank Competition, Risk, and Asset Allocations

Author/Editor: John H. Boyd, Gianni De Nicolo, Abu M. Jalal.

Release Date:July, 2009

We study a banking model in which banks invest in a riskless asset and compete in both deposit and risky loan markets. The model predicts that as competition increases, both loans and assets more...



Price: $18.00
Financial Intermediation, Competition, and Risk : A General Equilibrium Exposition

Author/Editor: Gianni De Nicolo, Marcella Lucchetta.

Release Date:May, 2009

We study a simple general equilibrium model in which investment in a risky technology is subject to moral hazard and banks can extract market power rents. We show that more bank competition results more...



Price: $18.00
Global Liquidity, Risk Premiums and Growth Opportunities

Author/Editor: Gianni De Nicolo, Iryna V. Ivaschenko.

Release Date:March, 2009

This paper constructs new indicators of liquidity for equity, bond and money markets in major advanced and emerging market countries, documents their evolution and comovements, and assesses the more...



Price: $18.00
Financial Stability in Dollarized Economies

Author/Editor: Anne Marie Gulde, David S. Hoelscher, Alain Ize, Dewitt Marston, Gianni De Nicolo.

Release Date:June, 2004

This paper addresses the challenges to prudential supervision in highly dollarized economies, where central banks and supervisors may be constrained in the use of standard money and financial policy more...



Price: $25.00