Fragmenting Markets : : Post-Crisis Bank Regulations and Financial Market Liquidity / / Darrell Duffie.
Post-crisis capital regulations and new failure-resolution rules increased the funding costs that are borne by bank shareholders, and thus the cost to buy-side firms for access to space on the balance sheets of large banks. A policy implication is the encouragement of market infrastructure and tradi...
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Place / Publishing House: | Berlin ;, Boston : : De Gruyter, , [2022] ©2022 |
Year of Publication: | 2022 |
Language: | English |
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Physical Description: | 1 online resource (X, 84 p.) |
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Duffie, Darrell, author. aut http://id.loc.gov/vocabulary/relators/aut Fragmenting Markets : Post-Crisis Bank Regulations and Financial Market Liquidity / Darrell Duffie. Berlin ; Boston : De Gruyter, [2022] ©2022 1 online resource (X, 84 p.) text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Frontmatter -- Preface -- Contents -- 1 The Cost of Bank Balance Sheet Space -- 2 Leverage Rule Distortions -- 3 Funding Cost Frictions -- 4 Market Design Implications -- 5 When the Fed Rescued the Treasury Market -- Bibliography restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star Post-crisis capital regulations and new failure-resolution rules increased the funding costs that are borne by bank shareholders, and thus the cost to buy-side firms for access to space on the balance sheets of large banks. A policy implication is the encouragement of market infrastructure and trading methods that reduce the amount of space on bank balance sheets that is needed to conduct a given amount of trade. Using models and evidence, this book addresses the implications for financial-market liquidity of these regulations for systemically important banks and argues that current rules do not allow for potential levels of market efficiency and financial stability. In this insightful analysis of the impact of regulation on financial market efficiency post-2008, the author argues that bank capital levels could actually be pushed higher while still improving the liquidity of markets for safe assets such as low-risk fixed-income instruments by relaxing the leverage-ratio rule and increasing risk-based capital requirements. Issued also in print. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 29. Mai 2023) Bank capital. Bank liquidity. Capital market. Finance. Cross Currency-Basis. Global Finanzkrise. Kreditbewertungsanpassung. OTC-Markt. Verschuldungs"e. BUSINESS & ECONOMICS / Insurance / General. bisacsh All-to-all trade. Central clearing. Cross-currency basis. Funding value adjustment. Global Financial Crisis. OTC markets. Supplementary leverage ratio. Title is part of eBook package: De Gruyter DG Plus DeG Package 2022 Part 1 9783110766820 Title is part of eBook package: De Gruyter De Gruyter English eBooks 2020 - UC 9783110659061 Title is part of eBook package: De Gruyter EBOOK PACKAGE Business and Economics 2022 English 9783110992823 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2022 English 9783110993899 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2022 9783110994810 ZDB-23-DGG Title is part of eBook package: De Gruyter EBOOK PACKAGE Economics 2022 9783110992922 ZDB-23-DBV EPUB 9783110673128 print 9783110673029 https://doi.org/10.1515/9783110673050 https://www.degruyter.com/isbn/9783110673050 Cover https://www.degruyter.com/document/cover/isbn/9783110673050/original |
language |
English |
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eBook |
author |
Duffie, Darrell, Duffie, Darrell, |
spellingShingle |
Duffie, Darrell, Duffie, Darrell, Fragmenting Markets : Post-Crisis Bank Regulations and Financial Market Liquidity / Frontmatter -- Preface -- Contents -- 1 The Cost of Bank Balance Sheet Space -- 2 Leverage Rule Distortions -- 3 Funding Cost Frictions -- 4 Market Design Implications -- 5 When the Fed Rescued the Treasury Market -- Bibliography |
author_facet |
Duffie, Darrell, Duffie, Darrell, |
author_variant |
d d dd d d dd |
author_role |
VerfasserIn VerfasserIn |
author_sort |
Duffie, Darrell, |
title |
Fragmenting Markets : Post-Crisis Bank Regulations and Financial Market Liquidity / |
title_sub |
Post-Crisis Bank Regulations and Financial Market Liquidity / |
title_full |
Fragmenting Markets : Post-Crisis Bank Regulations and Financial Market Liquidity / Darrell Duffie. |
title_fullStr |
Fragmenting Markets : Post-Crisis Bank Regulations and Financial Market Liquidity / Darrell Duffie. |
title_full_unstemmed |
Fragmenting Markets : Post-Crisis Bank Regulations and Financial Market Liquidity / Darrell Duffie. |
title_auth |
Fragmenting Markets : Post-Crisis Bank Regulations and Financial Market Liquidity / |
title_alt |
Frontmatter -- Preface -- Contents -- 1 The Cost of Bank Balance Sheet Space -- 2 Leverage Rule Distortions -- 3 Funding Cost Frictions -- 4 Market Design Implications -- 5 When the Fed Rescued the Treasury Market -- Bibliography |
title_new |
Fragmenting Markets : |
title_sort |
fragmenting markets : post-crisis bank regulations and financial market liquidity / |
publisher |
De Gruyter, |
publishDate |
2022 |
physical |
1 online resource (X, 84 p.) Issued also in print. |
contents |
Frontmatter -- Preface -- Contents -- 1 The Cost of Bank Balance Sheet Space -- 2 Leverage Rule Distortions -- 3 Funding Cost Frictions -- 4 Market Design Implications -- 5 When the Fed Rescued the Treasury Market -- Bibliography |
isbn |
9783110673050 9783110766820 9783110659061 9783110992823 9783110993899 9783110994810 9783110992922 9783110673128 9783110673029 |
callnumber-first |
H - Social Science |
callnumber-subject |
HG - Finance |
callnumber-label |
HG4523 |
callnumber-sort |
HG 44523 D84 42023 |
url |
https://doi.org/10.1515/9783110673050 https://www.degruyter.com/isbn/9783110673050 https://www.degruyter.com/document/cover/isbn/9783110673050/original |
illustrated |
Not Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
332 - Financial economics |
dewey-full |
332/.0415 |
dewey-sort |
3332 3415 |
dewey-raw |
332/.0415 |
dewey-search |
332/.0415 |
doi_str_mv |
10.1515/9783110673050 |
oclc_num |
1350420666 |
work_keys_str_mv |
AT duffiedarrell fragmentingmarketspostcrisisbankregulationsandfinancialmarketliquidity |
status_str |
n |
ids_txt_mv |
(DE-B1597)535088 (OCoLC)1350420666 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter DG Plus DeG Package 2022 Part 1 Title is part of eBook package: De Gruyter De Gruyter English eBooks 2020 - UC Title is part of eBook package: De Gruyter EBOOK PACKAGE Business and Economics 2022 English Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2022 English Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2022 Title is part of eBook package: De Gruyter EBOOK PACKAGE Economics 2022 |
is_hierarchy_title |
Fragmenting Markets : Post-Crisis Bank Regulations and Financial Market Liquidity / |
container_title |
Title is part of eBook package: De Gruyter DG Plus DeG Package 2022 Part 1 |
_version_ |
1770177747626229760 |
fullrecord |
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