Always Look on the Bright Side? Central Counterparties and Interbank Markets during the Financial Crisis

2018 ◽  
Author(s):  
Massimiliano Affinito ◽  
GianMatteo Piazza
Keyword(s):  
Financial Crisis ◽  
Interbank Markets ◽  
Central Counterparties ◽  
Bright Side

A Bright Side of Labor Union in Global Banks: Evidence from the Financial Crisis

2016 ◽  
Author(s):  
Dien Giau Bui ◽  
Yan-Shing Chen ◽  
Hsing-Hua Hsu ◽  
Chih-Yung Lin
Keyword(s):  
Financial Crisis ◽  
Labor Union ◽  
Bright Side ◽  
Global Banks

scholarly journals The Mexican debt crisis redux: international interbank markets and financial crisis, 1977–1982

2015 ◽  
Vol 22 (1) ◽  
pp. 79-105 ◽  
Author(s):  
Sebastian Alvarez
Keyword(s):  
Financial Crisis ◽  
Sovereign Debt ◽  
Banking Sector ◽  
Debt Crisis ◽  
International Banking ◽  
Public And Private ◽  
International Lending ◽  
Interbank Markets ◽  
Interbank Lending ◽  
Currency Mismatches

The international banking crisis that began in 2007 has brought the relationship between international banking activities and financial crises to the forefront. The growing reliance on foreign interbank funding by domestic banks has been recognized as a crucial factor in explaining the banking and sovereign debt crisis currently affecting several peripheral European countries. This article shows that the link between financial crisis and international interbank lending is not a new phenomenon; a similar trend can be observed in the Mexican banking sector during the run-up to its 1982 debt crisis. I explore the international activities of Mexican commercial banks in the years preceding the country's default and demonstrate that they became involved in international lending which was funded largely through heavy short-term interbank foreign borrowing. I provide new archival evidence which shows that in intermediating foreign finance with local public and private borrowers, Mexican banks incurred maturity, interest rate and currency mismatches and dangerously increased their risk position. This article provides insights for understanding the Mexican debt crisis as closely intertwined with problems in the domestic banking sector, which were, in turn, linked to its involvement in the international financial system.

Is There a Bright Side of Government Banks? Evidence from the Global Financial Crisis

2014 ◽  
Author(s):  
Yan-Shing Chen ◽  
Yehning Chen ◽  
Iftekhar Hasan ◽  
Chih-Yung Lin
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Bright Side ◽  
The Global Financial Crisis

The effect of monetary policy interventions on interbank markets, equity indices and G-SIFIs during financial crisis

2014 ◽  
Vol 11 ◽  
pp. 49-61 ◽  
Author(s):  
Franco Fiordelisi ◽  
Giuseppe Galloppo ◽  
Ornella Ricci
Keyword(s):  
Monetary Policy ◽  
Financial Crisis ◽  
Interbank Markets ◽  
Policy Interventions ◽  
Effect Of Monetary Policy ◽  
Equity Indices

Is There a Bright Side to Government Banks? Evidence from the Global Financial Crisis

2013 ◽  
Author(s):  
Yan-Shing Chen ◽  
Yehning Chen ◽  
Iftekhar Hasan ◽  
Chih-Yung Lin
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Bright Side ◽  
The Global Financial Crisis

Is there a bright side to government banks? Evidence from the global financial crisis

2016 ◽  
Vol 26 ◽  
pp. 128-143 ◽  
Author(s):  
Yan-Shing Chen ◽  
Yehning Chen ◽  
Chih-Yung Lin ◽  
Zenu Sharma
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Bright Side ◽  
The Global Financial Crisis

scholarly journals Considerations for the Design of a Central Counterparty for the Mexican Money Market

2011 ◽  
Vol 16 (31) ◽  
pp. 49-61
Author(s):  
Miguel de Lascurain M. ◽  
Keyword(s):  
Financial Crisis ◽  
Money Market ◽  
Counterparty Risk ◽  
Central Counterparties ◽  
Conceptual Designs ◽  
The Creation ◽  
Regulatory Institutions ◽  
Regulatory Failure ◽  
Derivatives Markets ◽  
Management Of Risk

The financial crisis has brought the problems of regulatory failure and unbridled counterparty risk to the forefront in financial discussions. In the last decade, central counterparties have been created in order to face those insidious problems. In Mexico, both the stock and the derivatives markets have central counterparties, but the money market has not. This paper addresses the issue of creating a central counterparty for the Mexican money market. Recommendations that must be followed in the design and the management of risk of a central counterparty, given by international regulatory institutions, are presented in this study. Also, two different conceptual designs for a central counterparty, appropriate for the Mexican market, are proposed. Final conclusions support the creation of a new central counterparty for the Mexican money market.

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