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Multinational Banking in Europe: Financial Stability and Regulatory Implications Lessons from the Financial Crisis

Barba Navaretti, Giorgio; Calzolari, Giacomo; Levi, Micol; … - C.E.P.R. Discussion Papers - 2010

This paper examines whether multinational banks have a stabilising or a destabilising role during times of financial distress. With a focus on Europe, it looks at how these banks’ foreign affiliates have been faring during the recent financial crisis. It finds that retail and corporate lending...

Persistent link: https://www.econbiz.de/10008468703

Finance at Center Stage: Some Lessons of the Euro Crisis

Obstfeld, Maurice - C.E.P.R. Discussion Papers - 2013

functions with national authorities. However, the sheer size of bank balance sheets suggest that the euro area must also … centralized fiscal backstop to finance bank resolution and deposit insurance. …

Persistent link: https://www.econbiz.de/10011083272

Regulatory Capture by Sophistication

Hakenes, Hendrik; Schnabel, Isabel - C.E.P.R. Discussion Papers - 2014

sophisticated a bank is, the more easily it can produce arguments that a regulator does not understand. Reputational concerns … regulation. Bank sophistication and reputational concerns of regulators lead to capture, and thus to worse regulatory decisions. …

Persistent link: https://www.econbiz.de/10011083329

Financial Sector Reform After the Crisis: Has Anything Happened?

Schäfer, Alexander; Schnabel, Isabel; Weder di Mauro, … - C.E.P.R. Discussion Papers - 2013

We analyze the reactions of stock returns and CDS spreads of banks from Europe and the United States to four major regulatory reforms in the aftermath of the subprime crisis, employing an event study analysis. In contrast to the public perception that nothing has happened, we find that financial...

Persistent link: https://www.econbiz.de/10011083591

Banking Competition and Stability: The Role of Leverage

Freixas, Xavier; Ma, Kebin - C.E.P.R. Discussion Papers - 2014

This paper reexamines the classical issue of the possible trade-o s between banking competition and financial stability by highlighting different types of risk and the role of leverage. By means of a simple model we show that competition can affect portfolio risk, insolvency risk, liquidity...

Persistent link: https://www.econbiz.de/10011084258

Lessons from the 2007 Financial Crisis

Buiter, Willem H. - C.E.P.R. Discussion Papers - 2007

Tripartite financial stability arrangement between the Treasury the Bank of England and the FSA, weaknesses in the Bank of …

Persistent link: https://www.econbiz.de/10005791213

Hazardous Times for Monetary Policy: What Do Twenty-Three Million Bank Loans Say About the Effects of Monetary Policy on Credit Risk?

Jiménez, Gabriel; Ongena, Steven; Peydró, José Luis; … - C.E.P.R. Discussion Papers - 2007

We investigate the impact of the stance and path of monetary policy on the level of credit risk of individual bank … loans and on lending standards. We employ the Credit Register of the Bank of Spain that contains detailed monthly … – generating almost twenty-three million bank loan records in total. Spanish monetary conditions were exogenously determined during …

Persistent link: https://www.econbiz.de/10005661943