{"id":"https://openalex.org/W2004331290","doi":"https://doi.org/10.1787/fmt-2012-5k91hbvgfq20","title":"Deleveraging, Traditional versus Capital Markets Banking and the Urgent Need to Separate and Recapitalise G-SIFI Banks","display_name":"Deleveraging, Traditional versus Capital Markets Banking and the Urgent Need to Separate and Recapitalise G-SIFI Banks","publication_year":2012,"publication_date":"2012-10-03","ids":{"openalex":"https://openalex.org/W2004331290","doi":"https://doi.org/10.1787/fmt-2012-5k91hbvgfq20","mag":"2004331290"},"language":"en","primary_location":{"id":"doi:10.1787/fmt-2012-5k91hbvgfq20","doi":"https://doi.org/10.1787/fmt-2012-5k91hbvgfq20","is_oa":false,"landing_page_url":"https://doi.org/10.1787/fmt-2012-5k91hbvgfq20","pdf_url":null,"source":{"id":"https://openalex.org/S4210171866","display_name":"OECD Journal Financial Market Trends","issn_l":"1995-2864","issn":["1995-2864","1995-2872"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310320232","host_organization_name":"Organization for Economic Cooperation and Development","host_organization_lineage":["https://openalex.org/P4310320232"],"host_organization_lineage_names":["Organization for Economic Cooperation and Development"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"OECD Journal: Financial Market Trends","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5082562719","display_name":"Adrian Blundell\u2010Wignall","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I1288051870","display_name":"Organisation de Coop\u00e9ration et de D\u00e9veloppement Economiques","ror":"https://ror.org/0438wbg98","country_code":"FR","type":"government","lineage":["https://openalex.org/I1288051870"]}],"countries":["FR"],"is_corresponding":false,"raw_author_name":"Adrian Blundell-Wignall","raw_affiliation_strings":["OECD"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"OECD","institution_ids":["https://openalex.org/I1288051870"]}]},{"author_position":"last","author":{"id":null,"display_name":"Paul Atkinson","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Paul Atkinson","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":10.4815,"has_fulltext":false,"cited_by_count":32,"citation_normalized_percentile":{"value":0.98004474,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"2012","issue":"1","first_page":"7","last_page":"44"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9843999743461609,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9843999743461609,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13074","display_name":"Global Financial Regulation and Crises","score":0.01119999960064888,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14154","display_name":"finance, banking, and market dynamics","score":0.002099999925121665,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/deleveraging","display_name":"deleveraging","score":0.9900000095367432},{"id":"https://openalex.org/keywords/bank-recapitalization","display_name":"bank recapitalization","score":0.7960000038146973},{"id":"https://openalex.org/keywords/too-big-to-fail","display_name":"too big to fail","score":0.7419999837875366},{"id":"https://openalex.org/keywords/securities-business","display_name":"securities business","score":0.5320000052452087},{"id":"https://openalex.org/keywords/capital-requirements","display_name":"capital requirements","score":0.6290000081062317},{"id":"https://openalex.org/keywords/liquidity-requirements","display_name":"liquidity requirements","score":0.7900000214576721},{"id":"https://openalex.org/keywords/netting","display_name":"netting","score":0.7889999747276306},{"id":"https://openalex.org/keywords/procyclicality","display_name":"procyclicality","score":0.8899999856948853},{"id":"https://openalex.org/keywords/banking-regulation","display_name":"banking regulation","score":0.4009999930858612},{"id":"https://openalex.org/keywords/volcker-rule","display_name":"Volcker Rule","score":0.9649999737739563},{"id":"https://openalex.org/keywords/bank-lending-to-firms","display_name":"bank lending to firms","score":0.44600000977516174}],"concepts":[{"id":"https://openalex.org/C2779019792","wikidata":"https://www.wikidata.org/wiki/Q5253658","display_name":"Deleveraging","level":3,"score":0.9535437822341919},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.6593050956726074},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5919766426086426},{"id":"https://openalex.org/C2780421641","wikidata":"https://www.wikidata.org/wiki/Q677066","display_name":"Too big to fail","level":3,"score":0.5701329112052917},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.5568962097167969},{"id":"https://openalex.org/C2777910564","wikidata":"https://www.wikidata.org/wiki/Q694563","display_name":"Collateral","level":2,"score":0.5422455072402954},{"id":"https://openalex.org/C183206440","wikidata":"https://www.wikidata.org/wiki/Q46834","display_name":"Balance sheet","level":2,"score":0.5097474455833435},{"id":"https://openalex.org/C2779812064","wikidata":"https://www.wikidata.org/wiki/Q809926","display_name":"Basel III","level":4,"score":0.4998791217803955},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.4786987602710724},{"id":"https://openalex.org/C174106034","wikidata":"https://www.wikidata.org/wiki/Q2659777","display_name":"Interbank lending market","level":3,"score":0.4571393132209778},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.44717830419540405},{"id":"https://openalex.org/C144587487","wikidata":"https://www.wikidata.org/wiki/Q1369234","display_name":"Systemic risk","level":3,"score":0.4440561830997467},{"id":"https://openalex.org/C166357818","wikidata":"https://www.wikidata.org/wiki/Q3735938","display_name":"Recapitalization","level":2,"score":0.4397370219230652},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.43775051832199097},{"id":"https://openalex.org/C2777461252","wikidata":"https://www.wikidata.org/wiki/Q3625286","display_name":"Economic recovery","level":2,"score":0.4169306457042694},{"id":"https://openalex.org/C2864544","wikidata":"https://www.wikidata.org/wiki/Q2914988","display_name":"Capital requirement","level":3,"score":0.4132731854915619},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3372821807861328},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.31364721059799194},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.27687475085258484},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.09060490131378174},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.0},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1787/fmt-2012-5k91hbvgfq20","doi":"https://doi.org/10.1787/fmt-2012-5k91hbvgfq20","is_oa":false,"landing_page_url":"https://doi.org/10.1787/fmt-2012-5k91hbvgfq20","pdf_url":null,"source":{"id":"https://openalex.org/S4210171866","display_name":"OECD Journal Financial Market Trends","issn_l":"1995-2864","issn":["1995-2864","1995-2872"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310320232","host_organization_name":"Organization for Economic Cooperation and Development","host_organization_lineage":["https://openalex.org/P4310320232"],"host_organization_lineage_names":["Organization for Economic Cooperation and Development"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"OECD Journal: Financial Market Trends","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.6452000141143799,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":6,"referenced_works":["https://openalex.org/W1480396750","https://openalex.org/W1606130815","https://openalex.org/W1984205840","https://openalex.org/W1995591097","https://openalex.org/W2171798947","https://openalex.org/W3123996456"],"related_works":["https://openalex.org/W2337685393","https://openalex.org/W2011209991","https://openalex.org/W7096334851","https://openalex.org/W2810749583","https://openalex.org/W7003808416","https://openalex.org/W7162625425","https://openalex.org/W2974356982","https://openalex.org/W4312717673","https://openalex.org/W1858808939","https://openalex.org/W2123649492"],"abstract_inverted_index":{"Since":[0],"the":[1,22,26,56,61,70,90,96,116,130,143,156,162,176,193,197,211,226,244,255,259,269,273,281],"crisis,":[2],"even":[3],"with":[4,95,161,182,202,225,264],"massive":[5],"support":[6],"from":[7,17,46,215,239],"governments":[8],"and":[9,15,41,64,77,86,121,136,175,178,188,242],"central":[10,57],"banks,":[11],"widespread":[12],"regulatory":[13],"changes":[14],"promises":[16],"bank":[18],"executives":[19],"to":[20,29,51,53,93,114,129,141,158,200,230,235,268],"improve":[21],"governance":[23],"of":[24,32,100,167,204,228],"risk,":[25,174],"world":[27],"continues":[28],"see":[30],"failures":[31],"Globally":[33],"Systemically":[34],"Important":[35],"Financial":[36],"Institutions":[37],"(G-SIFIs,":[38],"like":[39],"Dexia),":[40],"huge":[42],"losses":[43,74],"(most":[44],"recently":[45],"JP":[47],"Morgan).":[48],"Banks":[49],"refuse":[50],"lend":[52],"each":[54],"other,":[55],"banks":[58,222],"have":[59],"become":[60],"interbank":[62],"market":[63,173],"\u2018bad":[65],"deleveraging\u2019":[66,81],"bears":[67],"down":[68],"on":[69,224],"economy":[71],"forcing":[72],"job":[73,227],"in":[75,87,106,148,164,248,272],"small-":[76],"medium-sized":[78],"companies.":[79],"\u2018Good":[80],"occurs":[82],"via":[83],"building":[84],"capital,":[85],"this":[88,253],"respect":[89,113,140,254],"US":[91,282],"approach":[92,263],"dealing":[94],"crisis":[97],"provides":[98,169],"something":[99],"a":[101,125,277],"lesson":[102],"that":[103,119,196,213,258],"policy":[104],"makers":[105],"Europe":[107],"should":[108],"take":[109],"note":[110],"of.":[111],"With":[112,139],"regulations,":[115],"paper":[117,144,191,256],"shows":[118,145],"capital":[120],"liquidity":[122],"rules":[123],"create":[124,231],"bias":[126],"against":[127,172],"lending":[128,229],"enterprise":[131],"sector":[132],"(that":[133],"drives":[134],"jobs":[135,232],"economic":[137],"growth).":[138],"G-SIFIs,":[142],"how":[146],"movements":[147],"their":[149],"balance":[150],"sheets":[151],"are":[152],"dominated":[153],"by":[154],"derivatives,":[155],"exposure":[157],"which":[159],"varies":[160],"cycle":[163],"risk.":[165],"Netting":[166],"derivatives":[168],"no":[170],"protection":[171],"collateral":[177],"margin":[179],"calls":[180],"associated":[181],"these":[183,205],"swings":[184],"is":[185,234,246,275],"both":[186,208],"pro-cyclical":[187],"dangerous.":[189],"The":[190],"argues":[192,257],"OECD":[194],"case":[195],"best":[198],"way":[199],"deal":[201],"all":[203],"issues":[206],"\u2013":[207,233],"materially":[209],"reducing":[210],"risk":[212],"arises":[214],"too-big-to":[216],"fail":[217],"while":[218],"encouraging":[219],"well-capitalised":[220],"retail":[221,237],"get":[223],"separate":[236],"banking":[238],"securities":[240],"business":[241],"ensure":[243],"former":[245],"(particularly":[247],"Europe)":[249],"well":[250],"capitalised.":[251],"In":[252],"non-operating":[260],"holding":[261],"company":[262],"ring-fenced":[265],"subsidiaries":[266],"(close":[267],"Vickers":[270],"proposal":[271],"UK)":[274],"perhaps":[276],"better":[278],"model":[279],"than":[280],"Volcker":[283],"rule.":[284]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":2},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":3},{"year":2015,"cited_by_count":7},{"year":2014,"cited_by_count":4},{"year":2013,"cited_by_count":8},{"year":2012,"cited_by_count":1}],"updated_date":"2026-11-03T10:50:19.383937","created_date":"2016-06-24T00:00:00"}
