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How Do federal Reserve's Stress tests Change Banks' Debt Taking Behavior?

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	How Do federal Reserve's Stress tests Change Banks' Debt Taking Behavior?/
Author:	Gong, Yichen.
Description:	1 online resource (48 pages)
Notes:	Source: Masters Abstracts International, Volume: 56-04.
Subject:	Public policy. -
Online resource:	click for full text (PQDT)
ISBN:	9781369710366

How Do federal Reserve's Stress tests Change Banks' Debt Taking Behavior?
Gong, Yichen.

How Do federal Reserve's Stress tests Change Banks' Debt Taking Behavior? - 1 online resource (48 pages)

Source: Masters Abstracts International, Volume: 56-04.

Thesis (M.P.P.)--Georgetown University, 2017.

Includes bibliographical references

The 2008 financial crisis revealed the harm that "too big to fail" banks could do to the global economy. As a result, policy makers adopted stress testing as an official check on big banks' behavior. This paper examines the effect of stress testing --- including taking stress tests as well as having the targeted asset range of the stress test but not taking the test due to compliance reasons --- on big banks' financial stability, specifically their short-term and long-term debt to asset ratios. My findings suggest that large banks that are subject to (or within the target asset range to take) both the Fed's supervisory stress tests and company-run stress tests are more responsive in terms of their short-term and long-term debt to asset ratios than medium-sized banks that are only subject to (or within the target asset range to take) company-run stress tests. My policy recommendations are that regulators should weigh the costs and benefits of certain regulations since that the closely supervised regulations tends to be more effective and that regulators should also take banks' moral hazard problems into consideration when making decisions.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9781369710366Subjects--Topical Terms:

1002398
Public policy.
Index Terms--Genre/Form:

554714
Electronic books.

How Do federal Reserve's Stress tests Change Banks' Debt Taking Behavior?
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245 1 0 $a How Do federal Reserve's Stress tests Change Banks' Debt Taking Behavior?
264 0 $c 2017
300 $a 1 online resource (48 pages)
336 $a text $b txt $2 rdacontent
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500 $a Source: Masters Abstracts International, Volume: 56-04.
500 $a Adviser: Andrew S. Wise.
502 $a Thesis (M.P.P.)--Georgetown University, 2017.
504 $a Includes bibliographical references
520 $a The 2008 financial crisis revealed the harm that "too big to fail" banks could do to the global economy. As a result, policy makers adopted stress testing as an official check on big banks' behavior. This paper examines the effect of stress testing --- including taking stress tests as well as having the targeted asset range of the stress test but not taking the test due to compliance reasons --- on big banks' financial stability, specifically their short-term and long-term debt to asset ratios. My findings suggest that large banks that are subject to (or within the target asset range to take) both the Fed's supervisory stress tests and company-run stress tests are more responsive in terms of their short-term and long-term debt to asset ratios than medium-sized banks that are only subject to (or within the target asset range to take) company-run stress tests. My policy recommendations are that regulators should weigh the costs and benefits of certain regulations since that the closely supervised regulations tends to be more effective and that regulators should also take banks' moral hazard problems into consideration when making decisions.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2018
538 $a Mode of access: World Wide Web
650 4 $a Public policy. $3 1002398
650 4 $a Finance. $3 559073
655 7 $a Electronic books. $2 local $3 554714
690 $a 0630
690 $a 0508
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a Georgetown University. $b Public Policy and Policy Management. $3 1183191
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10267445 $z click for full text (PQDT)