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In this paper we study why the misallocation of resources across different productive sectors tends to persist over time. To this end we propose a general equilibrium model that delivers two structural relations. On the one hand, the public expenditure distribution influences the future sectoral...
Persistent link: https://www.econbiz.de/10011105139
This paper tests the role of different banks� liquidity funding structures in explaining the bank failures that …
Persistent link: https://www.econbiz.de/10009350682
banks in the sample, according to their systemic importance scores. The methodology is then applied to EU and Eurozone … samples of banks to obtain their systemic importance ranking and SIFI lists. This is one of the first methodologies capable of … identifying systemically relevant banks at the European level. A statistical analysis and some geographical and historical …
Persistent link: https://www.econbiz.de/10011099597
The paper presents a simple theory of intraday behavior in the interbank market.
Persistent link: https://www.econbiz.de/10005780675
According to some, the commercial bank is anachronistic and in a state of terminal decline. The evidence, however is … mixed. This paper takes a different approach to analyzing the future of banks. …
Persistent link: https://www.econbiz.de/10005640900
By identifying the possibility of imposing a credible threat of liquidation as the key role of informed (bank) finance … circumstances under which a mixture of informed and uninformed finance is optimal and explains why bank debt is typically secured …
Persistent link: https://www.econbiz.de/10005640914
In 2007 the new framework for capital adequacy of banks (Basel 2), defined in 2004 by the Basel Committee for Banking … main results of the last survey (Fifth Quantitative Impact Study, QIS5) for the Italian banks included in the sample. The … the advanced methodologies, decrease with respect to the current regime; for medium-sized banks the capital requirements …
Persistent link: https://www.econbiz.de/10005113685
price indices as a proxy for financial wealth. We rely on 1) standard static panel and 2) single-country level … assumptions in the non-stationary panel framework under consideration. Our results show that both net financial wealth and real …
Persistent link: https://www.econbiz.de/10009386397
strategy banks adopt in response to the reform, and that banks tend to prefer some strategies over others. Specifically, an … less likely to be preferred by banks. We also find that the undesired macroeconomic effects of the reform during the …
Persistent link: https://www.econbiz.de/10011099693
, to guarantee macro and financial stability, it is important to understand whether, and to what extent, banks are affected …
Persistent link: https://www.econbiz.de/10005609327