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Banking and Trading
Boot, Arnoud W.A.; Ratnovski, Lev - Tinbergen Instituut - 2012
We study the effects of a bank’s engagement in trading. Traditional banking is relationship-based: not scalable, long … scale restrictions in banking. …
Persistent link: https://www.econbiz.de/10011256147
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Banks and Market Liquidity
Arping, Stefan - Tinbergen Instituut - 2015
I study a model of market-liquidity provision by levered intermediaries that, besides operating trading desks, run deposit-taking franchises. Levered intermediaries’ heightened incentive to absorb risk helps to counteract liquidity-provision frictions that, in an unlevered economy, would lead...
Persistent link: https://www.econbiz.de/10011256979
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Risk Diversification by European Financial Conglomerates
Slijkerman, Jan Frederik; Schoenmaker, Dirk; Vries, … - Tinbergen Instituut - 2005
We study the dependence between the downside risk of European banks and insurers. Since the downside risk of banks and insurers differs, an interesting question from a supervisory point of view is the risk reduction that derives from diversification within large banks and financial...
Persistent link: https://www.econbiz.de/10011255734
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The Political Economy of Financial Systems
Haber, Stephen; Perotti, Enrico - Tinbergen Instituut - 2008
of capital markets and banking systems as well as the distribution of access to external finance across firms …
Persistent link: https://www.econbiz.de/10011255875
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Banking Unions: Distorted Incentives and Efficient Bank Resolution
Zoican, Marius A.; Górnicka, Lucyna A. - Tinbergen Instituut - 2013
A banking union limits international bank default contagion, eliminating inefficient liquidations. For particularly low … moderate moral hazard, as the banking union encourages risk taking by systemic institutions. If banks hold opaque assets, the … net welfare effect of a banking union can be negative. Restricting the banking union mandate restores incentives …
Persistent link: https://www.econbiz.de/10011255924
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The Political Economy of Finance
Perotti, Enrico - Tinbergen Instituut - 2013
This survey reviews how a recent political economy literature helps explaining variation in governance, competition, funding composition and access to credit. Evolution in political institutions can account for financial evolution, and appear critical to explain rapid changes in financial...
Persistent link: https://www.econbiz.de/10011256233
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Competition and Entry in Banking: Implications for Stability and Capital Regulation
Boot, Arnoud W.A.; Marinc, Matej - Tinbergen Instituut - 2006
We assess the influence of competition and capital regulation on the stability of the banking system. We particularly … requirements can lead to more entry into banking, essentially by reducing the competitive strength of lower quality banks. We also ….g. one country that opens up its banking system for competitors but not vice versa. …
Persistent link: https://www.econbiz.de/10011257508
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The Effect of the Theo van Gogh Murder on House Prices in Amsterdam
Gautier, Pieter A.; Siegmann, Arjen; Vuuren, Aico van - Tinbergen Instituut - 2007
This paper estimates the impact of the murder of film maker Theo vanGogh on November 2, 2004, on listed house prices in Amsterdam with aunique dataset. We use an hedonic-market approach to show that gen-eral attitudes towards Muslim minorities were negatively affected by themurder. Specifically,...
Persistent link: https://www.econbiz.de/10011255501
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Measuring Externalities in Program Evaluation
Janssens, Wendy - Tinbergen Instituut - 2005
Impact evaluations of development programmes usually focus on a comparison of participants with a control group. However, if the programme generates externalities for non-participants such an approach will capture only part of the programme’s impact. Based on a unique large-scale quantitative...
Persistent link: https://www.econbiz.de/10011255655
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Agglomeration Externalities and Localized Employment Growth
Vor, Friso de; Groot, Henri L.F. de - Tinbergen Instituut - 2008
This paper addresses the question to what extent the performance of industrial sites is affected by their local economic structure and accessibility. For this aim, we test for the existence of statistically significant relationships between agglomeration externalities (specialization, diversity,...
Persistent link: https://www.econbiz.de/10011255689