scholarly journals This Time Is Different: Facebook’s Libra Can Improve Both Financial Inclusion and Global Financial Stability As a Viable Alternative Currency to the U.S. Dollar

2019 ◽  
Author(s):  
John Taskinsoy
Keyword(s):  
Financial Stability ◽  
Financial Inclusion ◽  
Viable Alternative ◽  
Alternative Currency ◽  
The U.S

FINANCIAL STABILITY AND FINANCIAL INCLUSION: THE CASE OF SME LENDING

2018 ◽  
Vol 63 (01) ◽  
pp. 111-124 ◽  
Author(s):  
PETER J. MORGAN ◽  
VICTOR PONTINES
Keyword(s):  
Low Income ◽  
Financial Services ◽  
Financial Stability ◽  
Developing Economies ◽  
Empirical Studies ◽  
Bank Lending ◽  
Financial Inclusion ◽  
Nonperforming Loans ◽  
Z Scores ◽  
Negative Impacts

Developing economies are seeking to promote financial inclusion, i.e., greater access to financial services for low-income households and firms. This raises the question of whether greater financial inclusion tends to increase or decrease financial stability. A number of studies have suggested both positive and negative impacts on financial stability, but very few empirical studies have been made. This study focuses on the implications of greater financial inclusion for small and medium-sized enterprises (SMEs) for financial stability. It estimates the effects of measures of the share of bank lending to SMEs on two measures of financial stability — bank nonperforming loans and bank Z scores. We find some evidence that an increased share of lending to SMEs aids financial stability by reducing non-performing loans (NPLs) and the probability of default by financial institutions.

Early Intervention

2016 ◽  
Author(s):  
Michael Schillig
Keyword(s):  
Early Intervention ◽  
Financial Institutions ◽  
Financial Stability ◽  
Corrective Action ◽  
Viable Alternative ◽  
Prompt Corrective Action ◽  
Systemic Risks ◽  
The Us ◽  
The Uk ◽  
The Impact

The Financial Stability Board recommended that all national supervisors should have the mandate and powers to identify risks and intervene early in order to prevent unsound practices and take appropriate measures to reduce the impact of potential stresses on financial institutions and to safeguard against systemic risks. Accordingly, the BRRD and SRM contain new powers for the competent authorities to intervene early before an institution’s financial and economic situation has deteriorated to a point where resolution is the only viable alternative. The chapter starts with some theoretical reflections, focusing on the incentives of the actors involved. It then discusses the early intervention framework under BRRD and SRM and national transposition in the UK and Germany. It also covers the US prompt corrective action framework and early remediation under Dodd–Frank.

scholarly journals Mortgage Securitization and Shadow Bank Lending

2020 ◽  
Author(s):  
Pedro Gete ◽  
Michael Reher
Keyword(s):  
Cross Section ◽  
Financial Stability ◽  
Bank Lending ◽  
Mortgage Market ◽  
Secondary Market ◽  
Market Prices ◽  
Coverage Ratio ◽  
Regulatory Status ◽  
Mortgage Securitization ◽  
The U.S

Abstract We show how securitization affects the size of the nonbank lending sector through a novel price-based channel. We identify the channel using a regulatory spillover shock to the cross-section of mortgage-backed security prices: the U.S. liquidity coverage ratio. The shock increases secondary market prices for FHA-insured loans by granting them favorable regulatory status once securitized. Higher prices lower nonbanks’ funding costs, prompting them to loosen lending standards and originate more FHA-insured loans. This channel accounts for 22% of nonbanks’ growth in overall mortgage market share over 2013–2015. While the shock creates risks for financial stability, homeownership also increases.

scholarly journals Economics of Sugar-Based Ethanol Production and Related Policy Issues

2007 ◽  
Vol 39 (2) ◽  
pp. 357-363 ◽  
Author(s):  
Joe L. Outlaw ◽  
Luis A. Ribera ◽  
James W. Richardson ◽  
Jorge da Silva ◽  
Henry Bryant ◽  
...  
Keyword(s):  
United States ◽  
Ethanol Production ◽  
The United States ◽  
Viable Alternative ◽  
Sugar Mill ◽  
Policy Issues ◽  
Spreadsheet Model ◽  
Sugar Mills ◽  
The U.S

The feasibility of integrating ethanol production into an existing sugar mill was analyzed by a stochastic spreadsheet model. As the price of corn continues to rise, ethanol producers will eventually need to look at other feedstock alternatives. Sugarcane has been proven to work well in the production of ethanol in Brazil. The results indicated existing U.S. sugar mills could economically switch to ethanol production. As imports into the United States threaten to undermine the U.S. sugar program, sugarcane producers have a viable alternative. At the very least, the alternative exists to diversify their income streams with ethanol production.

Accounting for the Proliferation of Two-Tier Wage Settlements in the U.S. Airline Industry, 1983–1986

ILR Review ◽  
1988 ◽  
Vol 42 (1) ◽  
pp. 50-62 ◽  
Author(s):  
David J. Walsh
Keyword(s):  
Airline Industry ◽  
Financial Stability ◽  
Labor Relations ◽  
Competitive Pressure ◽  
Labor Costs ◽  
Potential Benefits ◽  
The U.S ◽  
The Way

This study examines the wave of two-tier wage settlements in the U.S. airline industry that occurred from 1983 through 1986. Although two-tier plans spread throughout the industry, it was the more prosperous carriers that led the way and that were most apt to negotiate them—often over considerable union opposition. One inducement for introducing two-tier plans was competitive pressure arising from divergent labor costs in the industry, but carriers were also influenced by such potential benefits as improved morale, a chance to alter the length of wage progressions, advantages in future bargaining, and greater financial stability in the eyes of financial backers. The author sees the rash of two-tier settlements as part of a larger contest to shape labor relations in the re-consolidated, post-deregulation airline industry.

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