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financial stability – BSE Focus https://dev.focus.bse.eu Research insights from the Barcelona School of Economics Mon, 30 Nov 2015 15:44:25 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.13 https://dev.focus.bse.eu/wp-content/uploads/cropped-bse-focus-site-icon-32x32.png financial stability – BSE Focus https://dev.focus.bse.eu 32 32 More or less competitive banking? https://dev.focus.bse.eu/less-competitive-banking/ Thu, 27 Nov 2014 17:45:16 +0000 https://focus.barcelonagse.eu/?p=527 Xavier Freixas and Kebin Ma reexamine the classical issue of the possible trade-offs between banking competition and financial stability by highlighting different types of risk and the role of leverage. By means of a simple model, they show that competition can affect portfolio risk, insolvency risk, liquidity risk, and systemic risk in different ways.]]> The Effects of Monetary Policy on Asset Price Bubbles: Some Evidence https://dev.focus.bse.eu/effects-monetary-policy-asset-price-bubbles/ Mon, 18 Nov 2013 05:06:07 +0000 https://focus.barcelonagse.eu/?p=204 Jordi GalĂ­ and Luca Gambetti provide evidence on the response of stock prices to monetary policy shocks, and try to use that evidence to infer the nature of the impact of interest rate changes on the bubble component of stock prices.]]>