liquidity risk and characterizes them. Both a solvency (leverage) and a liquidity ratio are required to control the … disclosure or introducing a derivatives market may backfire, aggravating fragility (in particular when the asset side of a … financial intermediary is opaque); the regulator should set together disclosure and prudential policy. The model is applied to …

The paper examines the sustainability of U.S. fiscal policy, finding substantial evidence in favor. I summarize the U ….S. fiscal record from 1792-2003, critically review sustainability conditions and their testable implications, and apply them to … the entire interest bill on the U.S. debt. Unit root tests on real series, unscaled by GDP, are distorted by the series …

We use payroll data on 1.2 million bank employee years in the Austrian, German, and Swiss banking sector to identify … incentive pay in the critical banking segments of treasury/capital market management and investment banking for 66 banks. We … share in the capital markets divisions with the strength of incentive pay in unrelated bank divisions like retail banking …

This paper investigates (i) whether growth and profitability persist in banking firms, (ii) whether the level and … volatility of growth and profitability are bank-size dependent, and (iii) the relationship between growth and profitability of a … evidence of persistence in bank growth. However, our findings suggest significant persistence in bank profitability. Moreover …

address the following questions. How are macroeconomic shocks transmitted to bank risk and other banking variables? What are …? Our paper has two main findings: (i) Average bank risk declines, and average bank lending increases following expansionary ….S. macroeconomy. The model includes GDP growth, inflation, the Federal Funds rate, house price inflation, and a set of factors …

also investigate other dimensions and find no differences in terms of trust, while there is evidence of some differences in … risk aversion, political preferences, life and job satisfaction. …

this may help their reputation for sustainable management and CSR. These sectors display green haven effects. These … country significantly attracts FDI. What is important for these pollution haven effects is not only regulation but also … automotive and transportation and communication a more stringent and better enforced environmental policy attracts more FDI as …

central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the …Nowadays, it is widely believed that greater disclosure and clarity over policy may lead to greater predictability of … ECB communication that are all based on the ECB President’s introductory statement at the press conference following an …

predict the development of bank profitability due to demographic shifts up to 2025. One of the main findings is that the …, populations are shrinking and ageing at the same time. This paper explores the impact of demographic change on the banking …, allows us estimating the socio-demographic determinants of retail profitability. Using a simulation model, we are able to …