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Shadow banking : financial intermediation beyond banks

Adrian, Tobias; Chrétien, Edouard; Chui, Michael; … - Shadow Banking: Financial Intermediation beyond Banks …; … - 2018

Persistent link: https://www.econbiz.de/10011790739

What determines bank stock price synchronicity? Global evidence

Francis, Bill; Hasan, Iftekhar; Song, Liang; Yeung, Bernard - Suomen Pankki - 2012

This paper examines what institutional and bank-specific factors determine bank stock price synchronicity. Using data on 37 countries from 1996–2007, we find that bank stocks are more aligned with the whole market (1) during the financial crisis; (2) in countries that have more credit provided...

Persistent link: https://www.econbiz.de/10010945107

Blanket guarantee and restructuring decisions for multinational banks in a bargaining model

Niinimäki, Juha-Pekka; Mälkönen, Ville - Suomen Pankki - 2009

This paper examines blanket guarantee and restructuring decisions in respect of a multinational bank (MNB) using Nash bargaining, when the threat of a panic motivates countries to take decisions quickly. The failure of the bank would cause unevenly distributed externalities between the countries...

Persistent link: https://www.econbiz.de/10004976732

Enhancing Bank Transparency: A Re-assessment

Hyytinen, Ari; Takalo, Tuomas - Suomen Pankki - 2000

Transparency regulation aims at reducing financial fragility by strengthening market discipline. There are however two elementary properties of banking that may render such regulation inefficient at best and detrimental at worst. First, an extensive financial safety net may eliminate the...

Persistent link: https://www.econbiz.de/10005423688

Should new or rapidly growing banks have more equity?

Niinimäki, Juha-Pekka - Suomen Pankki - 2001

There is substantial evidence that new banks and rapidly growing banks are risk prone. We study this problem by designing a relationship-lending model in which a bank operates as a financial intermediary and centralised monitor. In the absence of deposit insurance, the bank’s limited liability...

Persistent link: https://www.econbiz.de/10005648834

Market Structure and Risk Taking in the Banking Industry

Shy, Oz; Stenbacka, Rune - Suomen Pankki - 1998

This study demonstrates that the common view, whereby an increase in competition leads banks to increased risk taking, fails to hold in an environment where consumers can choose in which bank to make a deposit based on their knowledge of the riskiness incorporated in the banks' outstanding loan...

Persistent link: https://www.econbiz.de/10005648855

The Effects of Competition on Banks’ Risk Taking with and without Deposit Insurance

Niinimäki, Juha-Pekka - Suomen Pankki - 2000

We consider the joint effect of competition and deposit insurance on risk taking by banks when the riskiness of banks is unobservable to depositors. It turns out that the magnitude of risk taking depends on the type of bank competition. If the bank is a monopoly or banks compete only in the loan...

Persistent link: https://www.econbiz.de/10005648946

The transparency of the banking industry and the efficiency of information-based bank runs

Chen, Yehning; Hasan, Iftekhar - Suomen Pankki - 2005

In this paper, we investigate the relationship between the transparency of banks and the fragility of the banking system. We show that information-based bank runs may be inefficient because the deposit con-tract designed to provide liquidity induces depositors to have excessive incentives to...

Persistent link: https://www.econbiz.de/10005648950

Credit Growth and Moral Hazard. An Empirical Study of the Causes of Credit Expansion by the Finnish Local Banks in 1986–1990

Vihriälä, Vesa - Suomen Pankki - 1996

The paper examines the determination of bank lending during the Finnish credit boom of 1986–1990 with the data of 483 savings and cooperative banks. A particular objective is to establish whether bank behaviour is consistent with what is called moral hazard hypothesis, according to which banks...

Persistent link: https://www.econbiz.de/10005649001

Assessing the Forecasting Performance of a Macroeconomic Model

Hukkinen, Juhana; Viren, Matti - Suomen Pankki - 1996

This paper contains a description of a small quarterly forecasting model for the Finnish economy. We evaluate the … forecasting properties of the model by means of stochastic simulation involving both the endogenous and exogenous variables of the … model. The simulations allow us to identify and quantify the main sources of forecasting uncertainty. We are also able to …

Persistent link: https://www.econbiz.de/10005207144