The Impact of Economic Slowdowns on Financial Institutions and Their Regulators The Impact of Economic Slowdowns on Financial Institutions and Their Regulators

A symposium jointly sponsored by the Federal Reserve Bank of Boston and the Journal of Financial Intermediation A symposium jointly sponsored by the Federal Reserve Bank of Boston and the Journal of Financial Intermediation

This Event Has Ended This Event Has Ended

April 17 - 19, 2002
8:00 a.m. - 4:00 p.m.
Federal Reserve Bank of Boston
600 Atlantic Avenue
Boston, MA 02210

The 1990 recession had a significant impact on the financial landscape both in the United States and in the rest of the world. Large numbers of financial institutions failed, problems in the financial sector reduced credit availability to the real economy, and the recovery from the recession was unusually slow. Are future economic slowdowns likely to have a similar impact on the financial services industry? How are economic slowdowns likely to affect bank financial condition, bank risk management, and bank and financial holding company supervision?

Agenda & Presentations

Internal Ratings, the Business Cycle, and Capital Requirements: Some Evidence from an Emerging Market Economy” (265K) pdf

Miguel Angel Segoviano
London School of Economics and Political Science

Philip Lowe
Bank for International Settlements

Procyclicality and the New Basel Accord — Banks’ Choice of Loan Rating System ” (740K) pdf

Universitat Pompeu Fabra, Barcelona and Bank of England

Patricia Jackson and Bank of England

Economic Cycles and Bank Health ” (210K) pdf

John Jordan and Eric Rosengren
Federal Reserve Bank of Boston

Banking Stability, Reputational Rents, and the Stock Market: Should Bank Regulators Care about Stock Prices ” (295K) pdf

Anjan V. Thakor
University of Michigan

Bank Deposit Insurance and Business Cycles: Controlling the Volatility of Risk-Based Premiums ” (541K) pdf

George G. Pennacchi
University of Illinois

Loan Loss Provisioning and Economic Slowdowns: Too Much Too Late? ” (215K) pdf

Luc Laeven and Giovanni Majnoni
World Bank

Loss Underreporting and the Auditing Role of Bank Exams ” (150K) pdf

Jeffery W. Gunther and Robert R. Moore
Federal Reserve Bank of Dallas

Equity and Bond Market Signals as Leading Indicators of Bank Fragility ” (326K) pdf

Reint Gropp, Jukka Vesala, and Giuseppe Vulpes
European Central Bank