Showing 1 - 10 of 25
Systemic risk now occupies centre stage in discussions of bank regulatory reform. Systemic risk is often seen as a problem of size, operational complexity, interconnectivity and contagion. It is less often discussed in terms of the institutional framework of legal rules and principles within...
Persistent link: https://www.econbiz.de/10010956063
The determinants of default risk of banks in emerging economies have so far received inadequate attention in the … the economy. Public sector banks have shown significant performance in containing bad debts. Private banks have continued … banks, apart from other accepted determinants of profitability, asset size has no significant impact on profitability. …
Persistent link: https://www.econbiz.de/10011263002
In this paper, we investigate the claim that German banks are special compared to banks in other industrialised … economies. We show that banks are of particular importance to the German economy—as financial intermediary, as lender to the … corporate sector, and as part of the corporate governance system. Further, German banks are supervised by two supervisory …
Persistent link: https://www.econbiz.de/10005818834
stocks of European banks and the CDS markets. Their analysis has three purposes: (i) analysing the dependence structure of …
Persistent link: https://www.econbiz.de/10010956052
This study identifies five distinctive stages of the current global financial crisis: the meltdown of the subprime mortgage market; spillovers into broader credit market; the liquidity crisis epitomized by the fallout of Northern Rock, Bear Stearns and Lehman Brothers with counterparty risk...
Persistent link: https://www.econbiz.de/10005083415
Using a large panel of UK manufacturing firms over the period 2000—2009, we consider how firms responded during the most recent financial crisis, estimating models for export market participation decisions and firm growth and survival. The results indicate that financial variables are highly...
Persistent link: https://www.econbiz.de/10010886868
In this paper, we analyze the network properties of the Italian e-MID data based on overnight loans during the period 1999-2010. We show that the networks appear to be random at the daily level, but contain significant non-random structure for longer aggregation periods. In this sense, the daily...
Persistent link: https://www.econbiz.de/10010886878
This paper investigates the impact of a changing market environment on the pricing of CDS spreads written on debt from EURO STOXX 50 firms. A Panel Smooth Transition Regression reveals that parameter estimates of standard CDS fundamentals are time-varying depending on current values of a set of...
Persistent link: https://www.econbiz.de/10010886881
maintaining financial stability in the euro area by providing vast liquidity support to commercial banks that are operating in … nationally segmented banking systems. As a side effect, the national central banks substitute money market operations for cross …-border capital flows. The national central banks are thus increasingly engaging in substantial balance-of-payments financing, and …
Persistent link: https://www.econbiz.de/10010886947
This paper investigates the driving forces behind banks’ link formation in the interbank market by applying the … relationships between banks. We also find strong importance of size-related characteristics, but little influence of past interest … rates. The major changes found for the period after the onset of the financial crisis are that: (1) large banks and those …
Persistent link: https://www.econbiz.de/10010905563