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We study the determinants for the sovereign credit default swap (CDS) spreads of five Euro-area countries (Greece …
Persistent link: https://www.econbiz.de/10011084490
Deteriorating public finances around the world raise doubts about countries’ abilities to bail out their largest banks. For an international sample of banks, this paper investigates the impact of government indebtedness and deficits on bank stock prices and CDS spreads. Overall, bank stock...
Persistent link: https://www.econbiz.de/10008550325
This paper examines the implications of bank activity and short-term funding strategies for bank risk and return using an international sample of 1334 banks in 101 countries leading up to the 2007 financial crisis. Expansion into non-interest income generating activities such as trading...
Persistent link: https://www.econbiz.de/10005114191
This paper builds a dynamic general equilibrium macro-finance model with two types of borrowers: entrepreneurs who want to produce and gamblers who want to play a lottery. It links central bank's interest rate policy to expected cash flows of both types. This link enables us to study how the...
Persistent link: https://www.econbiz.de/10009371476