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Fair value accounting for financial instruments : does it improve the association between bank leverage and credit risk?

Blankespoor, Elizabeth; Linsmeier, Thomas J.; Petroni, … - 2012

fair value would not fairly represent a bank's business model. In this study we examine whether financial statements using … measures we consider are bond yield spreads and future bank failure. We find that leverage measured using the fair values of … financial instruments explains significantly more variation in bond yield spreads and bank failure than the other less fair …

Persistent link: https://www.econbiz.de/10010259894

With whom to merge?: A tale of the Spanish banking deregulation process

Lozano Vivas, Ana; Meléndez-Jiménez, Miguel A.; … - In: SERIEs : Journal of the Spanish Economic Association 2 (2011) 2, pp. 159-184

We propose a spatial competition model to study banks’ strategic responses to the asymmetric Spanish geographic deregulation process. We find that once the geographic deregulation process finishes, inter-regional mergers between savings banks are optimal whenever the economies of scale...

Persistent link: https://www.econbiz.de/10009355559

The failure mechanics of dealer banks

Duffie, Darrell - 2009 - This draft: June 22, 2009

I explain the key failure mechanics of large dealer banks, and some policy implications. This is not a review of the Financial crisis of 2007-2009. Systemic risk is considered only in passing. Both the Financial crisis and the systemic importance of large dealer banks are nevertheless obvious...

Persistent link: https://www.econbiz.de/10009506972

The short and long term performance persistence in the Central European banking industry

Jackowicz, Krzysztof; Kowalewski, Oskar; Kozłowski, Łukasz - In: Contemporary economics 5 (2011) 4, pp. 18-31

This article investigates the scale of performance persistence in the Central European banking industry. Contrary to the existing literature, we test not only for the short-term performance persistence but we propose also a novel method of analyzing the long-term persistence. Using an extensive...

Persistent link: https://www.econbiz.de/10009492023

Enhancing the financing of the real economy and financial stability in the United Kingdom

Havrylchyk, Olena; Kierzenkowski, Rafał - 2015

The banking sector in the United Kingdom (UK) was deeply affected by the crisis. Bank credit has collapsed reflecting … to improve access to finance united under the roof of the British Business Bank. Further structural reforms are needed to …

Persistent link: https://www.econbiz.de/10011399564

Bank sovereign bond holdings, sovereign shock spillovers, and moral hazard during the European crisis

Beltratti, Andrea; Stulz, René M. - 2015

From 2010 to 2012, the relation between bank stock returns from European Union (EU) countries and the returns on …

Persistent link: https://www.econbiz.de/10011279577

Banks' restructuring and smooth deleveraging of the private sector in Slovenia

Havrylchyk, Olena - 2013

deteriorate further, which could require significant bank recapitalisation. Updated bottom-up (i.e. loan by loan) stress tests are … assumptions should be made public. The creation of the Bank Asset Management Company (BAMC) should allow recognition of problems …

Persistent link: https://www.econbiz.de/10009767739

Banking firm, equity and value at risk

Broll, Udo; Sobiech, Anna; Wahl, Jack E. - In: Contemporary economics 6 (2012) 4, pp. 50-53

The paper focuses on the interaction between the solvency probability of a banking firm and the diversification potential of its asset portfolio when determining optimal equity capital. The purpose of this paper is to incorporate value at risk (VaR) into the firm-theoretical model of a banking...

Persistent link: https://www.econbiz.de/10009768157

Corporate dieting : persuasive use of metaphors in downsizing

Hoßfeld, Heiko - In: Management revue : socio-economic studies 24 (2013) 1, pp. 53-70

This paper considers how companies use their own mass communication media to create, with the aid of metaphors, a legitimizing image of their practices. The analysis is based on the example of two banks, both of which undertook massive staff and cost reductions between 2001 and 2003. Downsizing...

Persistent link: https://www.econbiz.de/10009745086

Ensuring stability and efficiency of the Hungarian financial sector

Havrylchyk, Olena - 2012

step towards fair burden sharing. Bank recapitalisation, if necessary, should be done by raising the level of capital so as … accounts for systemic risks in Hungary. Finally, an effective independence of the central bank has to be guaranteed. This …

Persistent link: https://www.econbiz.de/10009690134

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