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The comovement between household loans and real activity

Haan, Wouter den; Sterk, Vincent - de Nederlandsche Bank - 2009

observed changes. and in particular observed changes in the comovement between the loan variables and real activity. are likely … to be caused by changes in financial markets. We find that there may have been such a role for changes in markets for … consumer credit, but even before the financial crisis hit, the data do not support the hypothesis that changes in mortgage …

Persistent link: https://www.econbiz.de/10005021820

Internal Capital Markets and Lending by Multinational Bank Subsidiaries

Haas, Ralph de; Lelyveld, Iman van - de Nederlandsche Bank - 2006

We use panel data on the intra-group ownership structure and balance sheets of 45 of the largest banking groups from 1992 to 2004 to analyse what determines the credit growth of multinational bank subsidiaries. Both home- and host-country conditions and characteristics of the subsidiaries...

Persistent link: https://www.econbiz.de/10005021850

Multinational Banks and the Global Financial Crisis. Weathering the Perfect Storm?

Haas, Ralph de; Lelyveld, Iman van - de Nederlandsche Bank - 2011

We use data on the 48 largest multinational banking groups to compare the lending of their 199 foreign subsidiaries during the Great Recession with lending by a benchmark group of 202 domestic banks. Contrary to earlier, more contained crises, parent banks were not a significant source of...

Persistent link: https://www.econbiz.de/10009385894

Can Open Capital Markets Help Avoid Currency Crises?

Garita, Gus; Zhou, Chen - de Nederlandsche Bank - 2009

By proposing a measure for cross-market rebalancing effects, we provide new insights into the different sources of currency crises. We address three interrelated questions: (i) How can we best capture contagion; (ii) Is the contagion of currency crisis a regional or global phenomenon?; and (iii)...

Persistent link: https://www.econbiz.de/10005101790

Monitoring Costs and Multinational-Bank Lending

Haas, Ralph de - de Nederlandsche Bank - 2006

We use a two-country model to examine how endogenous changes in monitoring intensity and exogenous changes in …

Persistent link: https://www.econbiz.de/10005030198

Reforming the architecture of EMU: Ensuring stability in Europe

Haan, Jakob de; Hessel, Jeroen; Gilbert, Niels - de Nederlandsche Bank - 2014

This paper analyses the reforms in the architecture of EMU since the eruption of the euro crisis in 2010. We describe major weaknesses in the original set-up of EMU, such as lack of fiscal discipline, diverging financial cycles and competitiveness positions, and a lack of crisis instruments....

Persistent link: https://www.econbiz.de/10010945595

When arm's length is too far. Relationship banking over the business cycle

Beck, Thorsten; Degryse, Hans; Haas, Ralph de; Horen, … - de Nederlandsche Bank - 2014

Using a novel way to identify relationship and transaction banks, we study how banks' lending techniques affect funding to SMEs over the business cycle. For 21 countries we link the lending techniques that banks use in the direct vicinity of firms to these firms' credit constraints at two...

Persistent link: https://www.econbiz.de/10010945600

Is Eastern Europe ready for the Euro? A Cointegration Analysis for the Maastricht Criteria

Meister, I.S. - de Nederlandsche Bank - 2002

This report documents the results of cointegration analyses of the degree of convergence which the economies of the central-eastern european countries (CEECs) have achieved towards the economies of the EMU countries. This cointegration technique is applied to several of the core variables that...

Persistent link: https://www.econbiz.de/10005021863

Efficiency and Cost Differences across Countries in a Unified EuropeanBanking Market

Bikker, J.A. - de Nederlandsche Bank - 2003

This paper seeks to discover the level and spread of bank efficiency in the EU, which in the light of the current and expected increase in competition in Europe is of vital importance for welfare- related public policy toward market structure and conduct. In particular, this study focuses on...

Persistent link: https://www.econbiz.de/10005021892

Intermediation,integration and internationalisation: a survey on banking in Europe

Bikker, Jaap; Wesseling, Sandra - de Nederlandsche Bank - 2003

This paper provides a survey on recent developments in the European banking industry. Traditional banking activities have contracted in relative terms, but banks remain the predomination players in the euro area financial system. Economic and monetary integration in the EU has strongly...

Persistent link: https://www.econbiz.de/10010756030