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Foreign Banks and Credit Stability in Central and Eastern Europe: friends or foes? A panel data analysis

Haas, Ralph de; Lelyveld, Iman van - EconWPA - 2003

We study whether foreign and domestic banks in Central and Eastern Europe have reacted differently to business cycle conditions and host country banking crises. Our unique panel dataset comprises data of more than 300 banks for the period 1993-2000, with detailed information on bank ownership....

Persistent link: https://www.econbiz.de/10005125544

How Important Are Foreign Banks in European Transition Countries? A Comparative Analysis

Bol, Hanneke; Haan, Jakob de; Scholtens, Bert; Haas, … - EconWPA - 2002

This paper analyses the development of the banking sector in twelve transition countries. Foreign banks have become major players in the financial system of these countries. Still, foreign bank presence and financial development in general vary considerably between these economies. Distance from...

Persistent link: https://www.econbiz.de/10005556660

Real exhange rate misalignment in Hungary: a fractionally integrated=20 threshold model

DUFRENOT, Gilles; GRIMAUD, Elisabeth; Eug=E9nie LATIL; … - EconWPA - 2003

This paper proposes an estimate of the Hungarian real exchange rate=20 misalignments using fractionally integrated threshold models (FI-STARMA and=20= FI-TARMA=20 processes). This allows us to simultaneously take into account two types of=20 persistence: a long memory behavior due to the...

Persistent link: https://www.econbiz.de/10005124891

The Travails of Current Macroeconomic and Exchange Rate Management in China: The Complications of Switching to a New Growth Engine

Woo, Wing Thye - EconWPA - 2003

Just when China’s leaders receive conflicting signals of “overheating” and “below-potential growth”, they encounter … challenges have their roots in China’s inadequate marketization and continued discrimination against the domestic private sector … themselves into nonperforming loans. In partially-reformed China, public-directed investments via the state enterprises tend to …

Persistent link: https://www.econbiz.de/10005062405

Changing boundaries and structure of a technological system: lessons from UK retail banking

Consoli, Davide - EconWPA - 2005

This article investigates the factors that have induced and shaped the process of industry evolution of banking in the United Kingdom and, in particular, the reorganization of the retail payments system. It will look at how the effects of technical progress within a changing regulatory framework...

Persistent link: https://www.econbiz.de/10005407652

FHA Has Achieved Its Home Mortgage Capital Reserve Target, Technical Appendix

Kelly, Austin - EconWPA - 1996

Congress asked GAO to estimate the value of FHA's Mutual Mortgage Insurance Fund, a capital reserve which backs most of FHA's single- family mortgages. This technical appendix presents estimates of the claim and non-claim termination propensities of single-family FHA mortgages. Competing risks...

Persistent link: https://www.econbiz.de/10005407860

Banking Passivity and Regulatory Failure in Emerging Markets: Theory and Evidence from the Czech republic

Hanousek, Jan; Roland, Gerard - EconWPA - 2002

We present a model of bank passivity and regulatory failure. Banks with low equity positions have more incentives to be passive in liquidating bad loans. We show that they tend to hide distress from regulatory authorities and are ready to offer a higher rate of interest in order to attract...

Persistent link: https://www.econbiz.de/10005407910

"Excess Volatility" and the German Stock Market, 1870-1990

Long, J. Bradford De; Becht, Marco - EconWPA - 1995

This paper uses long-run real price and dividends series to investigate for the German stock market the questions asked of the U.S. market by Shiller (1989). It tries to determine in what periods and to what degree the Germanstock market has also possessed "excess volatility" over the past...

Persistent link: https://www.econbiz.de/10005408396

A Unified Approach to Credit Crunches, Financial Instability, and Banking Crises

Peter, Goetz von - EconWPA - 2003

We link banking and asset prices in a simple monetary macroeconomic model. Our main innovation is to consider how wide-spread default affects the banking system. We find that the interaction of credit, asset prices, and loan losses explains a complete spectrum of outcomes, including financial...

Persistent link: https://www.econbiz.de/10005412610

Housing Prices, Bank Lending, and Monetary Policy

Greef, Irene de; Haas, Ralph de - EconWPA - 2002

In order to gain more insight into the relationship between housing prices and mortgage lending, we estimate models for both the Dutch housing and the mortgage market. The empirical analysis presented in this paper offers support for the hypothesis that in the Netherlands housing prices and...

Persistent link: https://www.econbiz.de/10005412625