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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
This paper analyzes the effect of information technologies (IT) in the financial sector using micro-data on a panel of over 600 Italian banks over the period 1989-2000. We estimate stochastic cost and profit functions allowing for individual banks� displacements from the efficient frontier...
Persistent link: https://www.econbiz.de/10005467298
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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
Persistent link: https://www.econbiz.de/10005605607
Banks should evaluate whether a borrower is likely to default. The author applies several techniques in the extensive mathematical literature of stochastic optimal control/dynamic programming to derive an optimal debt in an environment where there are risks on both the asset and liabilities...
Persistent link: https://www.econbiz.de/10008561122
, thus lowering pricing effectiveness. The main finding is that larger banking groups were more affected by the sudden …
Persistent link: https://www.econbiz.de/10009193014
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
What is wrong with today's banking system? The past few years have shown that risks in banking can impose significant … costs on the economy. Many claim, however, that a safer banking system would require sacrificing lending and economic growth … rationalize the lack of reform, exposing them as invalid. Admati and Hellwig argue we can have a safer and healthier banking …
Persistent link: https://www.econbiz.de/10010681108