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Tail dependence of financial stocks and CDS markets: Evidence using copula methods and simulation-based inference
Silva, Paulo Pereira da; Rebelo, Paulo Tomaz; Afonso, … - Institut für Weltwirtschaft (IfW) - 2013
means that, surprisingly, the association between stock prices and spreads of the banking sector does not seem to surge in …
Persistent link: https://www.econbiz.de/10010956052
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An information economics perspective on main bank relationships and firm R&D
Hoewer, Daniel; Schmidt, Tobias; Sofka, Wolfgang - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
Information economics has emerged as the primary theoretical lens for framing financing decisions in firm R&D investment. Successful outcomes of R&D projects are either ex-ante impossible to predict or the information is asymmetrically distributed between inventors and investors. As a result,...
Persistent link: https://www.econbiz.de/10009323616
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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 banks� ability to screen borrowers. By exploiting a dataset in which we observe a measure of a borrower�s default risk that the lenders observe only imperfectly, we find evidence of these...
Persistent link: https://www.econbiz.de/10005770757
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The threat of systemic risk in banking: evidence for Europe
Schüler, Martin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002
This paper attempts to answer the question whether the threat of systemic risk in banking exists only on a national or …
Persistent link: https://www.econbiz.de/10005097758
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Systemic Risk in European Banking: Evidence from Bivariate GARCH Models
Schüler, Martin; Schröder, Michael - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2003
This paper attempts to assess the Europe-wide systemic risk in banking. We employ a bivariate GARCH model to estimate … interdependencies amongst the banking business in Europe and hence for the systemic risk potential. We employ several tests to assess … European banking business have become more similar and that the systemic risk potential has increased. …
Persistent link: https://www.econbiz.de/10005097915
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Fixed-Premium Deposit Insurance and Collective Action Problems Among Banks
Spiegel, M.M. - C.V. Starr Center for Applied Economics, Department of … - 1993
Persistent link: https://www.econbiz.de/10005605607
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U.S. Commercial Banking: Trends, Cycles, and Policy
Boyd, J.H.; Gertler, M. - C.V. Starr Center for Applied Economics, Department of … - 1993
Persistent link: https://www.econbiz.de/10005611765
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Financial Contagion
Allen, Franklin; Gale, Douglas - C.V. Starr Center for Applied Economics, Department of … - 1998
Persistent link: https://www.econbiz.de/10005611769
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Capital Mobility in Euroland ; The Role of Banks
Buch, Claudia M. - Institut für Weltwirtschaft (IfW) - 1999
analyzes the implications of the euro for cross-border banking activities. A portfolio model is used which captures the role of …
Persistent link: https://www.econbiz.de/10005700501
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An unexpected crisis? Looking at pricing effectiveness of different banks
Vacca, Valerio - Banca d'Italia - 2011
, 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