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Do Countries or Industries Explain Momentum in Europe?

Nijman, Theo; Swinkels, L.A.P.; Verbeek, M.J.C.M. - Tilburg University, Center for Economic Research - 2002

Persistent link: https://www.econbiz.de/10011090881

Has the Euro Affected the Choice of Invoicing Currency?

Ligthart, J.E.; Werner, S.E.V. - Tilburg University, Center for Economic Research - 2010

We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our … home currency invoicing after the introduction of the euro. In addition, the euro as a vehicle currency has overtaken the … role of the US dollar in Norwegian imports. The econometric analysis shows a significant effect of euro introduction above …

Persistent link: https://www.econbiz.de/10011090527

Are Banks Too Big to Fail or Too Big to Save? International Evidence from Equity Prices and CDS Spreads

Huizinga, Harry P.; Demirgüc-Kunt, A. - Tilburg University, Center for Economic Research - 2010

Deteriorating public finances around the world raise doubts about countries’ abilities to bail out their largest banks. For an international sample of banks, this paper investigates the impact of government indebtedness and deficits on bank stock prices and CDS spreads. Overall, bank stock...

Persistent link: https://www.econbiz.de/10011092586

Lending relationships and credit rationing : the impact of securitization

Degryse, Hans; Carbo Valverde, S.; Rodriguez-Fernandez, F. - Tilburg University, Center for Economic Research - 2011

Do lending relationships mitigate credit rationing? Does securitization influence the impact of lending relationships on credit rationing? If so, is its impact differently in normal periods versus crisis periods? This paper combines several unique data sets to address these questions. Employing...

Persistent link: https://www.econbiz.de/10011092653

Active Risk Management and Banking Stability

Silva Buston, C.F. - Tilburg University, Center for Economic Research - 2013

Abstract: This paper analyzes the net impact of two opposing effects of active risk management at banks on their stability: higher risk-taking incentives and better isolation of credit supply from varying economic conditions. We present a model where banks actively manage their portfolio risk by...

Persistent link: https://www.econbiz.de/10011092685

Financial Expertise as an Arms Race

Glode, V.; Green, R.C.; Lowery, R. - Tilburg University, Center for Economic Research - 2010

We propose a model in which firms involved in trading securities overinvest in financial expertise. Intermediaries or traders in the model meet and bargain over a financial asset. As in the bargaining model in Dang (2008), counterparties endogenously decide whether to acquire information, and...

Persistent link: https://www.econbiz.de/10011092698

Bank Activity and Funding Strategies : The Impact on Risk and Return

Huizinga, Harry P.; Demirgüc-Kunt, A. - Tilburg University, Center for Economic Research - 2009

This paper examines the implications of bank activity and short-term funding strategies for bank risk and return using an international sample of 1334 banks in 101 countries leading up to the 2007 financial crisis. Expansion into non-interest income generating activities such as trading...

Persistent link: https://www.econbiz.de/10011092794

Monetary Policy Rules, Adverse Selection and Long-Run Financial Risk

Eijffinger, Sylvester; Blommestein, H.J.; Qian, Z. - Tilburg University, Center for Economic Research - 2011

This paper constructs a macro-finance model with two types of borrowers: entrepreneurs who engage in productive activities and gamblers who play in lotteries. It links a central bank's interest rate policy to expected cash ows of both types of borrowers. Via this link we study how the...

Persistent link: https://www.econbiz.de/10011090362

Panic behavior and the performance of circuit breakers : Empirical evidence

Lauterbach, B.; Ben-Zion, U. - Tilburg University, Center for Economic Research - 1993

Persistent link: https://www.econbiz.de/10011090379

Securitization and Lending Standards : Evidence from the Wholesale Loan Market

Kara, A.; Marques-Ibanez, D.; Ongena, S. - Tilburg University, Center for Economic Research - 2011

Persistent link: https://www.econbiz.de/10011090501