Three important financial stability issues in banking

Efing, Matthias

doi:10.13097/archive-ouverte/unige:85625

Doctoral thesis

English

Three important financial stability issues in banking

Contributors

Efing, Matthias

Directors

Hau, Harald

Defense date

2016-06-02

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.

UNIGE affiliation entities

Faculté d'économie et de management / Institute of Economics and Econometrics

Citation (ISO format)

EFING, Matthias. Three important financial stability issues in banking. Doctoral Thesis, 2016. doi: 10.13097/archive-ouverte/unige:85625

Thesis

Identifiers

PID : unige:85625
DOI : 10.13097/archive-ouverte/unige:85625
URN : urn:nbn:ch:unige-856255
Thesis number : GSEM 27

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Creation

23/06/2016 11:39:00

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23/06/2016 11:39:00

Update

15/03/2023 00:36:04

Status update

15/03/2023 00:36:04

Last indexation

13/05/2025 17:02:49

Three important financial stability issues in banking

Contributors

Directors

Defense date

Abstract

UNIGE affiliation entities

Citation (ISO format)

Main files (1)

Identifiers

Technical informations

Creation

First validation

Update

Status update

Last indexation