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CISS - a composite indicator of systemic stress in the financial system

Holló, Dániel; Kremer, Manfred; Duca, Marco Lo - European Central Bank - 2012

This paper introduces a new indicator of contemporaneous stress in the financial system named Composite Indicator of Systemic Stress (CISS). Its specific statistical design is shaped according to standard definitions of systemic risk. The main methodological innovation of the CISS is the...

Persistent link: https://www.econbiz.de/10010538811

The role of credit aggregates and asset prices in the transmission mechanism: a comparison between the euro area and the US

Kaufmann, Sylvia; Valderrama, Maria Teresa - European Central Bank - 2007

We analyze the interaction between credit and asset prices in the transmission of shocks to the real economy. We estimate a Markov switching VAR for the euro area and the US, including additionally GDP, CPI and a short-term interest rate. We find evidence for two distinct states in both regions....

Persistent link: https://www.econbiz.de/10005530956

CISS - a composite indicator of systemic stress in the financial system

Holló, Dániel; Kremer, Manfred; Lo Duca, Marco - European Central Bank - 2012

Persistent link: https://www.econbiz.de/10010686804

Competition and stability: what's special about banking?

Carletti, Elena; Hartmann, Philipp - European Central Bank - 2002

This paper examines the relationship between competition policies and policies to preserve stability in the banking … considerations for payment systems. A core part of the paper is an analysis of the relative roles of competition and supervisory … countries giving a stronger role to prudential supervisors than to competition authorities and other countries doing it the …

Persistent link: https://www.econbiz.de/10005344959

Who pays for banking supervision? Principles and practices

Masciandaro, Donato; Nieto, Maria; Prast, Henriette - de Nederlandsche Bank - 2007

This paper focuses on the financing of banking supervision. Countries are classified according to who finances banking supervision the tax payer and/or the supervised industry -, and how the budget and fees are determined. We show that funding regimes differ across countries. Public funding is...

Persistent link: https://www.econbiz.de/10005101845

Transparency of banking supervisors

Liedorp, Franka; Mosch, Robert; Cruijsen, Carin van der; … - de Nederlandsche Bank - 2011

Following Eijffinger and Geraats (2006), we construct an index of transparency of banking supervisors that takes political, economic, procedural, policy and operational transparency into account. Based on a survey, we construct the index for 24 banking supervisors. There are large differences...

Persistent link: https://www.econbiz.de/10009144152

Knowledge and Opinions about Banking Supervision: Evidence from a Survey of Dutch Households

Cruijsen, Carin van der; Haan, Jakob de; Jansen, David-Jan - de Nederlandsche Bank - 2010

What does the general public know about banking supervision? What objectives does the public think bank supervisors should pursue? We investigate these issues using a survey among Dutch households. First, we find that the public's knowledge about banking supervision is far from perfect. We also...

Persistent link: https://www.econbiz.de/10008783626

Why accounting matters: a central bank perspective

Schwarz, Claudia; Karakitsos, Polychronis; Merriman, Niall - European Central Bank - 2014

This paper analyses how accounting frameworks can affect three important areas of responsibility of many central banks, namely monetary policy, financial stability and banking supervision. The identified effects of accounting rules and accounting information on the activities of a central bank...

Persistent link: https://www.econbiz.de/10011115258

Efficiency and competition in the Dutch non-life insurance industry: Effects of the 2006 health care reform

Bikker, Jacob; Popescu, Adelina - de Nederlandsche Bank - 2014

range from 5% to 10%. To measure competition directly, we apply a novel approach that estimates the impact of marginal costs … as indicator of inefficiency on either market shares or profits. Over time, competition in health insurance has increased … fall in the average level of competitive pressure. After the reform, competition continued to improve. In the non …

Persistent link: https://www.econbiz.de/10011004568

An Exploration into Competition and Efficiency in the Dutch Life Insurance Industry

Bikker, Jaap; Leuvensteijn, Michiel van - de Nederlandsche Bank - 2005

The lack of available prices in the Dutch life insurance industry makes competition an elusive concept that defies … direct observation. Therefore, this paper investigates competition by analysing several factors which may affect the … Xinefficiency, since severe competition would force firms to exploit available scale economies and to reduce X-inefficiencies. Both …

Persistent link: https://www.econbiz.de/10005021828