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This paper provides an explanation of technical inefficiencies of financial exchanges in Europe as well as an empirical analysis of their existence and extent. A single-stage stochastic cost frontier approach is employed, which generates exchange inefficiency scores based on a unique unbalanced...
Persistent link: https://www.econbiz.de/10005648980
This paper considers effects of price regulation in retail payment systems by applying the model of tele-communications competition by Laffont-Rey-Tirole (1998). In our two-country model world there is one retail payment network located in each country and markets are segmented à la Hotelling....
Persistent link: https://www.econbiz.de/10005648998
We model banks’ loan losses with a panel of European countries for the period 1982–2012 using three country-specific macro variables: output growth shocks, real interest rates, and a measure of excessive private sector indebtedness. We find that a drop in output has an intensified impact on...
Persistent link: https://www.econbiz.de/10011207863
On 3 July 2015, SUERF organized its sixth joint conference with the Bank of Finland in Helsinki on the subject of …
Persistent link: https://www.econbiz.de/10011414459
problems associated with transitory liquidity outflows, even absent any change in a bank's value. Our premise is that the scope …
Persistent link: https://www.econbiz.de/10005419679
This paper examines the effects of strategic alliances on non-financial firms’ bank loan financing. We construct …) can provide an endorsement effect and benefit the borrowers by reducing the price of bank loans. Moreover, a borrowing … firm positioned at the centre of an alliance network enjoys a lower cost of bank loans. Finally, we find that borrowing …
Persistent link: https://www.econbiz.de/10008867449
of bank efficiency further show that foreign banks are associated with higher profit efficiency but moderately lower cost … progress in banking reforms, privatization and corporate governance restructuring, also has a positive impact on bank …
Persistent link: https://www.econbiz.de/10008867450
The impact of cross-border bank M&As on bank risk remains an open question. Though geographically diversifying bank M …&As have the potential to reduce the risk of bank insolvency, they also have the potential to increase that risk due to the … increase in risk-taking incentives for bank managers and stockholders following these transactions. This paper empirically …
Persistent link: https://www.econbiz.de/10008626085
institutions on bank risk-taking behaviour. This paper examines a wide array of institutional reforms in respect of law and legal … effects of institutional reforms on bank risk are more pronounced for domestic banks than foreign banks. From the policy …
Persistent link: https://www.econbiz.de/10008918571
decisions, we examine whether banks take into consideration the gender of CFOs when pricing bank loans. We find that in our … sample, firms under the control of female CFOs on average enjoy about 11% lower bank loan price than firms under the control …
Persistent link: https://www.econbiz.de/10009358946