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How Resilient is the German Banking System to Macroeconomic Shocks?

Dovern, Jonas; Meier, Carsten-Patrick; Vilsmeier, Johannes - Institut für Weltwirtschaft (IfW) - 2008

Macro-stress testing studies often rely on rather short sample periods due to the limited availability of banking data …. They may fail to appropriately account for the cyclicality in the interaction between the banking system and macroeconomic … to model the interaction between the banking sector and the macroeconomy. Our identified-VAR analysis indicates that the …

Persistent link: https://www.econbiz.de/10005818895

Do mergers improve information? Evidence from the loan market

Panetta, Fabio; Schivardi, Fabiano; Shum, Matthew - Banca d'Italia - 2004

We examine the informational effects of M&As by investigating whether bank mergers improve banksï¿½ ability to screen borrowers. By exploiting a dataset in which we observe a measure of a borrowerï¿½s default risk that the lenders observe only imperfectly, we find evidence of these...

Persistent link: https://www.econbiz.de/10005770757

Risk and the Corporate Structure of Banks

International Monetary Fund (IMF); International … - 2010

We identify different sources of risk as important determinants of banks' corporate structures when expanding into new markets. Subsidiary-based corporate structures benefit from greater protection against economic risk because of affiliate-level limited liability, but are more exposed to the...

Persistent link: https://www.econbiz.de/10008470382

Efficiency vs. agency motivations for bank takeovers: some empirical evidence

Vincenzo, Alessio De; Doria, Claudio; Salleo, Carmelo - Banca d'Italia - 2006

Bank takeovers result on average in little improvements in performance. This may be due to conflicting driving forces behind them; however these have seldom been studied. We study directly the motivations for bank acquisitions by analyzing the prices paid for them, under the assumption that...

Persistent link: https://www.econbiz.de/10005113643

Monetary Policy and Corporate Behaviour in India

International Monetary Fund (IMF); International … - 2005

The paper examines the association and corporate behavior for a sample of manufacturing firms in India for the post-reform period 1992-2003. The findings suggest that a contractionary monetary policy lowers overall debt including bank debt, although the lagged response is positive, and listed...

Persistent link: https://www.econbiz.de/10005263785

Innovation in Banking and Excessive Loan Growth

International Monetary Fund (IMF); International … - 2008

The volume of credit extended by a bank can be an informative signal of its abilities in loan selection and management. It is shown that, under asymmetric information, banks may therefore rationally lend more than they would otherwise in order to demonstrate their quality, thus negatively...

Persistent link: https://www.econbiz.de/10005264102

Policy Instruments to Lean Against the Wind in Latin America

International Monetary Fund (IMF); International … - 2011

This paper reviews policy tools that have been used and/or are available for policy makers in the region to lean against the wind and review relevant country experiences using them. The instruments examined include: (i) capital requirements, dynamic provisioning, and leverage ratios; (ii)...

Persistent link: https://www.econbiz.de/10009203551

Prudential Liquidity Regulation in Developing Countries; A Case Study of Rwanda

International Monetary Fund (IMF); International … - 2012

This paper analyses the prudential liquidity management framework, in particular the quantitative indicators employed by the central bank of Rwanda in response to the domestic liquidity crisis in 2008/09. It emphasises that the quantitative methods used in the monitoring and assessment of...

Persistent link: https://www.econbiz.de/10009650624

Fat Tails and their (Un)Happy Endings; Correlation Bias and its Implications for Systemic Risk and Prudential Regulation

International Monetary Fund (IMF); International … - 2011

The correlation bias refers to the fact that claim subordination in the capital structure of the firm influences claim holdersâ€™ preferred degree of asset correlation in portfolios held by the firm. Using the copula capital structure model, it is shown that the correlation bias shifts...

Persistent link: https://www.econbiz.de/10009019569

Financial subsidies and bank lending: substitutes or complements? Micro level evidence from Italy

Carmignani, Amanda; D'Ignazio, Alessio - Banca d'Italia - 2011

public financing to firms via the banking system. The effect of public incentives depends on the availability of financial …

Persistent link: https://www.econbiz.de/10009020148