Showing 1 - 10 of 37
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
theoretical background for the regulation of financial institutions, especially insurance and banking companies, and, finally …
Persistent link: https://www.econbiz.de/10005648868
This paper tests market power in the banking industry. Price-cost margins predicted by different oligopoly models are … paper is among the first to apply this methodology on a detailed, bank-level dataset from the retail banking sector. It …
Persistent link: https://www.econbiz.de/10005648871
In the discussion paper, we employ data on industry-specific corporate sector bankruptcies over the time period from 1986 to 2003 and estimate a macroeconomic credit risk model for the Finnish corporate sector. The sample period includes a severe recession with significantly higher-than-average...
Persistent link: https://www.econbiz.de/10005648883
with predictions concerning the technological transformation of services' delivery in banking. Differentiation is found to …
Persistent link: https://www.econbiz.de/10005648908
This paper studies how comparing can be used to provide information in financial markets in the presence of a hidden characteristics problem. Although an investor cannot precisely estimate the future returns of an entrepreneur’s projects, the investor can mitigate the asymmetric information...
Persistent link: https://www.econbiz.de/10005648914
debate on free banking, in particular the issue of whether private institutions would fare well as lenders of last resort. <p …> In our model, the first-best LOLR scheme always covers the whole banking sector and offers full insurance to the …
Persistent link: https://www.econbiz.de/10005648930
This paper studies the competitive and efficiency implications of financial conglomeration driven by cost-efficiency gains in monitoring credit and insurance customers. The analysis shows that conglomeration is conducive to tougher competition in the credit market and increases profit in...
Persistent link: https://www.econbiz.de/10005648939
The paper gives a brief description of the evolution of the Finnish banking crisis and its handling. In the first … section, the salient features of the Finnish banking system are described. We then briefly discuss the liberalization process … rationalization of the banking sector. The paper includes references to recent articles and discussion papers dealing with important …
Persistent link: https://www.econbiz.de/10005649003
This paper presents econometric analyses on the determination of bank deposit and lending rates using longitudinal Finnish data. Interest rate pass-through is very strong, possibly complete, in the case of lending rates; in the case of deposit rates the pass-through is far from complete, even in...
Persistent link: https://www.econbiz.de/10005649010