Essays on the Stability and Regulation of International Financial Markets

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dc.contributor.advisor Buch, Claudia M. (Prof. Dr.)
dc.contributor.author Buchholz, Lars Manuel
dc.date.accessioned 2017-02-06T09:21:47Z
dc.date.available 2017-02-06T09:21:47Z
dc.date.issued 2017-02-06
dc.identifier.other 483132144 de_DE
dc.identifier.uri http://hdl.handle.net/10900/74184
dc.identifier.uri http://nbn-resolving.de/urn:nbn:de:bsz:21-dspace-741846 de_DE
dc.identifier.uri http://dx.doi.org/10.15496/publikation-15589
dc.description.abstract The global financial crisis of 2007-08 and its adverse effects on economic activity have put financial stability back on the agenda of both researchers and policymakers. The regulatory debate has since then revolved around the question which reforms are needed to effectively reduce the likelihood and costs of future systemic financial crises. By now, the debate has led to an update of regulatory frameworks on the national, European, and global level. This thesis contributes to the empirical research on the risks to financial stability and to the debate on the regulation of international financial markets. It builds on some of the key insights from the recent global financial crisis and the respective policy responses. Chapter 1 of the thesis analyzes the reasons behind the strong co-movements of credit risk in sovereign bond markets during the financial crisis and the subsequent euro area debt crisis. In addition, it investigates to what extent high co-movements might be the outcome of contagion and through which channels contagion occurs. Chapter 2 investigates how uncertainty in banking affects banks’ loan supply, and it analyzes if the lending behavior is heterogeneous across different types of banks. Turning to the analysis of actual policies, Chapter 3 studies the effect of liquidity provided by the Eurosystem on macroeconomic adjustment in European crisis countries. Finally, Chapter 4 of the thesis assesses the effectiveness of a macroprudential policy instrument, caps on banks’ leverage, in stabilizing credit growth during financial downturns. en
dc.language.iso en de_DE
dc.publisher Universität Tübingen de_DE
dc.rights ubt-podok de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_mit_pod.php?la=de de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_mit_pod.php?la=en en
dc.subject.classification Finanzkrise , Weltwirtschaft , Internationaler Kapitalmarkt de_DE
dc.subject.ddc 330 de_DE
dc.subject.other Financial stability en
dc.subject.other Macroprudential policy en
dc.subject.other Financial contagion en
dc.subject.other International capital flows en
dc.title Essays on the Stability and Regulation of International Financial Markets en
dc.type Dissertation de_DE
dcterms.dateAccepted 2016-10-14
utue.publikation.fachbereich Wirtschaftswissenschaften de_DE
utue.publikation.fakultaet 6 Wirtschafts- und Sozialwissenschaftliche Fakultät de_DE

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