en
Doctoral thesis
Open access
English

Three important financial stability issues in banking

ContributorsEfing, Matthias
DirectorsHau, Harald
Defense date2016-06-02
Abstract

In his presidential address, Zingales (2015) observes that large parts of society perceive finance as a rent-seeking activity and that complex financial regulation is prone to arbitrage and capture. In my dissertation, I investigate whether there is some truth in these allegations. In Chapter 1, I estimate the extent of regulatory arbitrage by banks in the securitization market. In Chapters 2 and 3, I show how incentive structures in credit rating agencies and banks can explain credit rating bias and excessive risk-taking, respectively. My findings have important implications for the design of financial regulation.

eng
Citation (ISO format)
EFING, Matthias. Three important financial stability issues in banking. 2016. doi: 10.13097/archive-ouverte/unige:85625
Main files (1)
Thesis
accessLevelPublic
Identifiers
728views
121downloads

Technical informations

Creation06/23/2016 11:39:00 AM
First validation06/23/2016 11:39:00 AM
Update time03/15/2023 12:36:04 AM
Status update03/15/2023 12:36:04 AM
Last indexation01/29/2024 8:46:54 PM
All rights reserved by Archive ouverte UNIGE and the University of GenevaunigeBlack