WorldCat Identities

Tong, Hui

Works: 94 works in 316 publications in 2 languages and 2,396 library holdings
Roles: Author, Editor, Compiler
Publication Timeline
Most widely held works about Hui Tong
Most widely held works by Hui Tong
Real effects of the subprime mortgage crisis : is it a demand or a finance shock? by Hui Tong( Book )

21 editions published in 2008 in English and held by 33 WorldCat member libraries worldwide

We develop a methodology to study whether and how a financial-sector crisis can spill over to the real economy, and apply it to the case of the ongoing subprime mortgage crisis. If there is a spillover, does it manifest itself primarily by reducing consumer confidence and consumer demand? Is there also a supply-side channel through a tightened liquidity constraint faced by non-financial firms? Since most firms appear to have much larger cash holdings than in the past, some suggest that a liquidity constraint is not likely to be a significant factor for non-financial firms. We propose a methodology to estimate the importance of these two channels for spillovers. We first propose an index of a firm's sensitivity to a shock to consumer confidence, based on its response to the 9/11 shock in 2001. We then construct a separate firm-level index on financial constraint based on Whited and Wu (2006). As a robustness check, we also construct an alternative sector-level index of a firm's intrinsic demand for external finance, based on the work of Rajan and Zingales (1998). We find robust evidence suggesting that both channels are at work, but that a tightened liquidity squeeze appears to be economically more important than reduced consumer confidence or spending in explaining cross-firm differences in stock price declines
Creditor protection and stock price volatility by Galina Hale( Book )

6 editions published in 2007 in English and held by 12 WorldCat member libraries worldwide

Bank Size and Systemic Risk by Luc Laeven( Book )

3 editions published in 2014 in English and held by 1 WorldCat member library worldwide

The proposed SDN documents the evolution of bank size and activities over the past 20 years. It discusses whether this evolution can be explained by economies of scale or "too big to fail" subsidies. The paper then presents evidence on the extent to which bank size and market-based activities contribute to systemic risk. The paper concludes with policy messages in the area of capital regulation and activity restrictions to reduce the systemic risk posed by large banks. The analysis of the paper complements earlier Fund work, including SDN 13/04 and the recent GFSR chapter on "too big to fail" subsidies, and its policy message is in line with this earlier work
Benefits and Costs of Bank Capital : by Jihad Dagher( Book )

2 editions published in 2016 in Undetermined and English and held by 1 WorldCat member library worldwide

The appropriate level of bank capital and, more generally, a bank’s capacity to absorb losses, has been at the core of the post-crisis policy debate. This paper contributes to the debate by focusing on how much capital would have been needed to avoid imposing losses on bank creditors or resorting to public recapitalizations of banks in past banking crises. The paper also looks at the welfare costs of tighter capital regulation by reviewing the evidence on its potential impact on bank credit and lending rates. Its findings broadly support the range of loss absorbency suggested by the Financial Stability Board (FSB) and the Basel Committee for systemically important banks
Audience Level
Audience Level
  Kids General Special  
Audience level: 0.47 (from 0.18 for Bank Size ... to 1.00 for Xun zhao t ...)

Alternative Names
Hui, Tong

Tong 2003 fl Hui

Tong, Hui, 2003 fl.