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Economic and financial debates

Working papers calling for a reflection on issues related to the economics of banking and insurance, and their regulation

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Publication Economic and financial debates no. 9:
Deposit Insurance Adoption and Bank Risk-Taking: the Role of Leverage

Explicit deposit insurance is a crucial ingredient of modern financial safety nets. This paper investigates the effect of deposit insurance adoption on individual bank leverage. Using a panel of banks across 117 countries during the period 1986-2011, I...

  • Published on 12/10/2013
  • FR
  • PDF (763.11 KB)
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Publication Economic and financial debates no. 8:
The Real Effects of Bank Capital Requirements

We measure the impact of bank capital requirements on corporate borrowing and business activity. We exploit the intrinsic heterogeneity of the Basel II regulatory framework, which has been in place in France since 2008, and make capital requirements...

  • Published on 07/20/2013
  • FR
  • PDF (1.04 MB)
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Publication Economic and financial debates no. 7:
Ex Ante Capital Position, Changes in the Different Components of Regulatory Capital and Bank Risk

We investigate the impact of changes in capital of European banks on their risk-taking behavior from 1992 to 2006, a time period covering the Basel I capital requirements. We specifically focus on the initial level and type of regulatory capital banks...

  • Published on 06/22/2013
  • FR
  • PDF (858.65 KB)
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Publication Economic and financial debates no. 6:
Measuring Systemic Risk in a Post-Crisis World

In response to the very large number of quantitative indicators that have been put forward to measure the level of systemic risk since the start of the subprime crisis, the paper surveys the different indicators available in the economic and financial...

  • Published on 06/20/2013
  • FR
  • PDF (1.05 MB)
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Publication Economic and financial debates no. 5:
Banking regulation and supervision in the next 10 years and their unintended consequences

In the paper, we deal with the unexpected effects of new regulations and supervision and provide recommendations to ensure their effectiveness. New regulations essentially aim at strengthening the solvency and the liquidity of financial institutions....

  • Published on 05/20/2013
  • FR
  • PDF (659.03 KB)
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Publication Economic and financial debates no. 4:
Analyse du risque de contrepartie de la réassurance pour les assureurs français

Interconnections in the financial system are of great interest for financial stability analysis. This paper aims at assessing, with two exercises of stress tests, the counterparty risk for insurers stemming from their reinsurance activity. Using...

  • Published on 04/22/2013
  • FR
  • PDF (1.96 MB)
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Publication Economic and financial debates no. 3:
Les risques du Shadow banking en Europe : le point de vue du superviseur bancaire

Faced with the challenges raised by Shadow banking for financial stability, this article deals with two major issues. On the one hand, it presents the risks created by the Shadow banking system and shows that it raises specific risks, as well as...

  • Published on 04/20/2013
  • FR
  • PDF (402.96 KB)
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Publication Economic and financial debates no. 2:
Stress-testing banks’ corporate credit portfolio

The paper describes the methods used by the French Banking Supervision Authority (ACP) to run stress tests for the corporate credit portfolio, through credit migration matrices (or transition matrices). This approach is currently used for “top-down”...

  • Published on 03/20/2013
  • FR
  • PDF (626.78 KB)
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Publication Economic and financial debates no. 1:
How different is the regulatory capital from the economic capital: the case of business loans portfoliosheld by the major banking groups in France

There is a growing concern about the differences between risk weighted assets (RWAs) amounts across banks and across countries. This paper provides new evidence on this issue by using French Credit Register data and firms’ ratings histories of more...

  • Published on 02/02/2013
  • FR
  • PDF (432.84 KB)
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