- 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
MIT Press Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
Please, subscribe or login to access full text content.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.
- 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