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An Analysis of Bank Stress Tests, Sh...

Nybro, Patrice.

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An Analysis of Bank Stress Tests, Shadow Banking, and Financial Stability.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	An Analysis of Bank Stress Tests, Shadow Banking, and Financial Stability./
作者:	Nybro, Patrice.
出版者:	Ann Arbor : ProQuest Dissertations & Theses, : 2017,
面頁冊數:	186 p.
附註:	Source: Dissertation Abstracts International, Volume: 78-12(E), Section: A.
Contained By:	Dissertation Abstracts International78-12A(E).
標題:	Finance. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10601295
ISBN:	9780355232844

An Analysis of Bank Stress Tests, Shadow Banking, and Financial Stability.
Nybro, Patrice.

An Analysis of Bank Stress Tests, Shadow Banking, and Financial Stability. - Ann Arbor : ProQuest Dissertations & Theses, 2017 - 186 p.

Source: Dissertation Abstracts International, Volume: 78-12(E), Section: A.

Thesis (D.B.A.)--Northcentral University, 2017.

This dissertation provides an analysis of the practice of stress testing large banks and its relationship to the phenomenon of shadow banking. During the financial crisis of 2008, banks received government bailouts because they were undercapitalized which resulted in the implementation of Dodd-Frank Act stress testing which forced banks to increase capital. The specific problem is that these new stress tests may not be adequate tools to ensure financial stability because they exclude shadow banking activity, which is an unregulated financial practice. Since increased capital adversely affects banking profits, the higher the capital requirements, the more the banks are prone to utilize the shadow banking sector which has less stringent capital rules. The purpose of this study was to determine through empirical analysis that bank stress testing has successfully achieved an increase in bank capital and decreased leverage risk which aids in the financial stability of the banks tested; and, through qualitative analysis, the purpose of this study was to determine that the stress tests are not rigorous tests for various reasons; for example, the tests do not include the shadow bank sector which is inextricably connected to the traditional banking system, and the tests incorporate just a cursory review of derivatives, a shadow banking product. The quantitative research design was a correlational design which utilized the U.S. Federal Reserve Dodd-Frank Stress Test Results of 2013, 2014 and 2015 to determine whether they have worked to increase bank capital and reduce leverage risk. The qualitative design examined the fine print in the methodology of the same tests over the three-year period to determine the quality and rigor of the tests. The sample utilized was those banks who were subject to the stress testing. This dissertation reviewed several critiques of stress testing made by regulators and academics. This paper argued that as long as the shadow banking sector remains unregulated, it provides an avenue for banks to skirt regulatory capital requirements which limits the overall stability of the financial sector. The dissertation proposed enhancements to the current stress testing practice to ensure that it is a more rigorous test which encompasses shadow banking activity with the overall intention to increase the future stability of the United States financial system.

ISBN: 9780355232844Subjects--Topical Terms:

542899
Finance.

An Analysis of Bank Stress Tests, Shadow Banking, and Financial Stability.
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