Showing 1 - 10 of 221
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame … Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial … College) gave the SUERF 2015 Annual Lecture on Capital and Banks. The conference focused on core aspects of banking reform …
Persistent link: https://www.econbiz.de/10011557140
In the light of the recent financial crisis, the discussion on the nature of runs and on the stabilizing role of liquidity holdings has intensified. This paper explores the cash management conducted by German open-end equity funds for the period between 2005 and 2010. Since ownership structures...
Persistent link: https://www.econbiz.de/10010984710
This study finds that equity returns in the banking sector in the wake of the Great Recession and the European … deteriorating funding conditions and investor sentiment. While the equity return performance in the banking sector has been dismal …
Persistent link: https://www.econbiz.de/10010957160
The World Financial Crisis has shaken the fundamentals of international banking and triggered a downward spiral of …
Persistent link: https://www.econbiz.de/10009283655
We use a quasi-experimental research design to examine the effect of model-based capital regulation introduced under the Basel II agreement on the pro-cyclicality of bank lending and firms' access to funds during a recession. In response to an exogenous shock to credit risk in the German...
Persistent link: https://www.econbiz.de/10011093849
others. We exploit a unique sample to analyze how similarities and social ties affect career outcomes in banking based on age …
Persistent link: https://www.econbiz.de/10010954916
We introduce an innovative theoretical framework for the valuation and replication of derivative transactions between defaultable entities based on the principle of arbitrage freedom. Our framework extends the traditional formulations based on credit and debit valuation adjustments (CVA and...
Persistent link: https://www.econbiz.de/10010957120
Over the past two decades, Germany experienced several periods of banking system instability rather than full …-blown banking system crises. In this paper we introduce a continuous and forward-looking stability indicator for the banking system … spillovers play a significant role across all banking sectors, regional spillovers and the credit-to-GDP ratio are more important …
Persistent link: https://www.econbiz.de/10010957094
international banks, including the reasons for heterogeneity in transmission across banks. The International Banking Research …
Persistent link: https://www.econbiz.de/10010957099
We estimate time series of option implied Probabilities of Default (PoDs) for 19 major US financial institutions from 2002 to 2012. These PoDs are estimated as mass points of entropy based risk neutral densities and subsequently corrected for maturity dependence. The obtained time series are...
Persistent link: https://www.econbiz.de/10010957111