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Persistent link: https://www.econbiz.de/10012990530
The global financial crisis has brought to an end a rather unprecedented period of banks’ international expansion. We analyze the effects of the crisis on international banking. Using a detailed dataset on the international assets of all German banks with foreign affiliates for the years...
Persistent link: https://www.econbiz.de/10010211966
when applying a national versus a European perspective. We use market data for 80 listed euro-area banks to measure each … bank's contribution to systemic risk (SRISK) at the national and the euro-area level. Our research delivers three main … national and the euro-area level is not very large, but there is considerable heterogeneity across countries and banks. Second …
Persistent link: https://www.econbiz.de/10011640989
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There is growing consensus that the conduct of monetary policy can have an impact on financial and economic stability through the risk-taking incentives of banks. Falling interest rates might induce a 'search for yield' and generate incentives to invest into risky activities. This paper provides...
Persistent link: https://www.econbiz.de/10010274819
The interplay between banks and the macroeconomy is of key importance for financial and economic stability. We analyze this link using a factor-augmented vector autoregressive model (FAVAR) which extends a standard VAR for the U.S. macroeconomy. The model includes GDP growth, inflation, the...
Persistent link: https://www.econbiz.de/10010274932