Bank Underground

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[New post] From Pillar 2 to post: is it time for a change in concentration risk methodology?

BankUnderground posted: " Chris Leaney The Herfindahl-Hirschman Index (HHI) is a measure of diversification, commonly used as an indicator to calculate banks' credit concentration risk capital
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[New post] Pinning the tail on the economy: why domestic developments aren’t enough

BankUnderground posted: " Simon Lloyd and Ed Manuel Central banks don't just care about what is expected to happen. They also care about what could happen if things turn out worse than
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[New post] I need a dollar, dollar, a dollar is what I need

BankUnderground posted: " Ambrogio Cesa-Bianchi and Fernando Eguren-Martin In March 2020, the Covid-19 (Covid) outbreak turned the world upside down. With economies virtually shut, financial
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[New post] Weighed down by debt? Revisiting the link between corporate debt overhang and investment

BankUnderground posted: " Bruno Albuquerque Prior to the Covid-19 (Covid) shock hitting the world economy in March 2020, concerns about US corporate debt sustainability were on the radar of the
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[New post] Battle of the exchange funds

BankUnderground posted: " Max Harris This post contributes to our occasional series of guest posts by external researchers who have used the Bank of England's archives for their work on
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[New post] Central banks and history: a troubled relationship

BankUnderground posted: " Barry Eichengreen The Bank of England co-organised a 'History and Policy Making Conference' in late 2020. This guest post by Barry Eichengreen, Professor of
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[New post] Can sectoral supply shocks have aggregate demand consequences?

BankUnderground posted: " Ambrogio Cesa-Bianchi and Andrea Ferrero Restrictions on activity to curb the spread of Covid-19 led to a shutdown of specific parts of the economy. These lockdown
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[New post] Household debt and consumption revisited

BankUnderground posted: " Philip Bunn and May Rostom The academic literature finds that the build-up of household debt before the 2008 financial crisis is linked to weaker consumption afterwards.
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[New post] Monetary policy, sectoral comovement and the credit channel

BankUnderground posted: " Federico Di Pace and Christoph Görtz There is ample evidence that a monetary policy tightening triggers a decline in consumer price inflation and a simultaneous
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[New post] Do large and small banks need different prudential rules?

BankUnderground posted: " Austen Saunders and Matthew Willison Banks come in different shapes and sizes. Do prudential regulations that work well for big banks work as well for small ones? To help
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[New post] Slow recoveries, endogenous growth and macroprudential policy

BankUnderground posted: " Dario Bonciani, David Gauthier and Derrick Kanngiesser Following the global financial crisis in 2008, central banks around the world introduced tighter banking
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[New post] Does corporate leverage amplify economic downturns? A dive into the literature

BankUnderground posted: " Sudipto Karmakar, Alexandra Varadi and Sarah Venables This post reviews the literature on the consequences of debt for corporate and macroeconomic outcomes, drawing both
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[New post] What do two million accounts tell us about the impact of Covid-19 on small businesses?

BankUnderground posted: " James Hurley, Sudipto Karmakar, Elena Markoska, Eryk Walczak and Danny Walker Compass on old map This post is the second of a series of posts about the Covid-19 pandemic
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[New post] On the origin of systemic risk

BankUnderground posted: " Giovanni Covi, Mattia Montagna and Gabriele Torri Systemic risk in the bank sector is often associated with long periods of economic downturn and large social costs. In a
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[New post] Unemployment risk, liquidity traps and monetary policy

BankUnderground posted: " Dario Bonciani and Joonseok Oh The Global Financial Crisis in 2008 caused a significant and persistent increase in unemployment rates across major advanced economies. The
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[New post] What types of businesses have used government support during the Covid-19 pandemic?

BankUnderground posted: " Will Banks, Sudipto Karmakar and Danny Walker This post is the first of a series of posts about the Covid-19 pandemic and its impact on business activity. During the
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[New post] Covid-19 briefing: working from home and worker productivity

BankUnderground posted: " John Lewis, Andrea Šiško and Misa Tanaka The Covid pandemic has led to a large enforced shift towards working from home (WFH) as a result of 'stay-at-home'
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[New post] Procyclicality mechanisms in the financial system: what we know and some open questions

BankUnderground posted: " Robert Czech, Simon Jurkatis, Arjun Mahalingam, Laura Silvestri and Nick Vause Financial markets reflect changes in the economy. But sometimes they amplify them too. Both
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[New post] When should policymakers reach for the history books? Some examples from the 20th century

BankUnderground posted: " Catherine R. Schenk In partnership with the Data Analytics for Finance and Macro Research Centre at King's Business School and the Qatar Centre for Global Banking and
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[New post] Where is IFRS 9 taking the cost of funding of banks?

BankUnderground posted: " Mahmoud Fatouh IFRS 9 versus IAS 39 In 2018, IFRS 9 came into effect, replacing IAS 39. IFRS 9 has important implications especially for banks, as they mostly hold