- Title Pages
- Dedication
- Acknowledgments
- Introduction
-
I Connectedness, Contagion, and Correlation: Definitions and a Review of the Economic Literature -
1 The Concept of Connectedness -
2 The Concept and History of Contagion -
3 The Concept of Correlation -
II Connectedness in the Crisis -
4 Asset Connectedness: Lehman and AIG -
5 Liability Connectedness: Money Market Funds and Tri-Party Repo Market -
6 Dodd–Frank Act Policies to Address Connectedness -
III Contagion -
7 Contagion in the 2008 Crisis: The Run on the Nonbank Sector, “Shadow Banks” -
8 History of Lender of Last Resort in the United States -
9 Dodd–Frank Restrictions on the Lender-of-Last-Resort Power -
10 Comparison of LLR Powers of Fed with Bank of England, European Central Bank, and Bank of Japan -
11 Strengthening the LLR Powers of the Fed -
12 Liability Insurance and Guarantees -
13 Insuring Money Market Funds -
IV Ex ante Policies to Avoid Contagion: Capital, Liquidity, Resolution, Money Market Mutual Fund Reform, and Limits on Short-Term Funding -
14 Capital Requirements: Basel III Framework -
15 Liquidity Requirements -
16 Bank Resolution Procedures, Contingent Capital (CoCos), and Bail-Ins -
17 Dodd–Frank Orderly Liquidation for Nonbank SIFIs (Including Bank Holding Companies) -
18 Living Wills -
19 Money Market Mutual Fund Reform -
20 Dependence of the Financial System on Short-Term Funding -
21 Government Crowding Out of Private Issuance of Short-Term Debt -
V Public Capital Injections into Insolvent Financial Institutions -
22 Capital Purchase Program and Other TARP Support Programs -
23 Criticisms of Bailouts Generally -
24 Specific Criticisms of TARP -
25 Standing Bailout Programs -
26 Conclusion - Appendix
- Index
(p.167) IV Ex ante Policies to Avoid Contagion: Capital, Liquidity, Resolution, Money Market Mutual Fund Reform, and Limits on Short-Term Funding
(p.167) IV Ex ante Policies to Avoid Contagion: Capital, Liquidity, Resolution, Money Market Mutual Fund Reform, and Limits on Short-Term Funding
- Source:
- Connectedness and Contagion
- Publisher:
- The MIT Press
Keywords: capital regulation, capital requirements, Basel Committee on Banking Supervision, financial regulation, Basel I, Basel II, regulatory reform, monetary policy
Keywords: liquidity regulation, liquidity requirements, financial regulation, regulatory reform, Basel Committee on Banking Supervision, liquidity coverage ratio, net stable funding ratio, Basel III, monetary policy
Keywords: insolvency resolution, financial regulation, contingent convertible capital instruments, creditor bail-ins, contingent capital
Keywords: orderly liquidation authority, Dodd–Frank Act, receivership, financial regulation, bankruptcy, Federal Deposit Insurance Corporation, FDIC, single point of entry
Keywords: living wills, short-term creditors, financial crisis, insolvency resolution, banks, nonbank financial institutions, systemic risk
Keywords: financial regulation, regulatory reform, prime money market mutual funds, liquidity requirements, SEC, Securities and Exchange Commission, monetary policy, money market funds, net asset value
Keywords: contagion, short-term funding, gross funding, financial crisis, financial institutions, lender of last resort, private sector, monetary policy
Keywords: public short-term debt, short-term funding, Treasury Department, Federal Reserve, financial policy, financial regulation, monetary policy, excess reserves, reverse repurchase agreements
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- Title Pages
- Dedication
- Acknowledgments
- Introduction
-
I Connectedness, Contagion, and Correlation: Definitions and a Review of the Economic Literature -
1 The Concept of Connectedness -
2 The Concept and History of Contagion -
3 The Concept of Correlation -
II Connectedness in the Crisis -
4 Asset Connectedness: Lehman and AIG -
5 Liability Connectedness: Money Market Funds and Tri-Party Repo Market -
6 Dodd–Frank Act Policies to Address Connectedness -
III Contagion -
7 Contagion in the 2008 Crisis: The Run on the Nonbank Sector, “Shadow Banks” -
8 History of Lender of Last Resort in the United States -
9 Dodd–Frank Restrictions on the Lender-of-Last-Resort Power -
10 Comparison of LLR Powers of Fed with Bank of England, European Central Bank, and Bank of Japan -
11 Strengthening the LLR Powers of the Fed -
12 Liability Insurance and Guarantees -
13 Insuring Money Market Funds -
IV Ex ante Policies to Avoid Contagion: Capital, Liquidity, Resolution, Money Market Mutual Fund Reform, and Limits on Short-Term Funding -
14 Capital Requirements: Basel III Framework -
15 Liquidity Requirements -
16 Bank Resolution Procedures, Contingent Capital (CoCos), and Bail-Ins -
17 Dodd–Frank Orderly Liquidation for Nonbank SIFIs (Including Bank Holding Companies) -
18 Living Wills -
19 Money Market Mutual Fund Reform -
20 Dependence of the Financial System on Short-Term Funding -
21 Government Crowding Out of Private Issuance of Short-Term Debt -
V Public Capital Injections into Insolvent Financial Institutions -
22 Capital Purchase Program and Other TARP Support Programs -
23 Criticisms of Bailouts Generally -
24 Specific Criticisms of TARP -
25 Standing Bailout Programs -
26 Conclusion - Appendix
- Index
