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Risk in Financial Conglomerates: Management and Supervision
Lelyveld, Iman van; Schilder, Arnold - de Nederlandsche Bank - 2002
emerges from the theory on risk management, both from a market and a firm perspective. After describing the Dutch …
Persistent link: https://www.econbiz.de/10005021889
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Forecasting the fragility of the banking and insurance sector
Bernoth, Kerstin; Pick, Andreas - de Nederlandsche Bank - 2009
This paper considers the issue of forecasting financial fragility of banks and insurances using a panel data set of performance indicators, namely distance-to-default, taking unobserved common factors into account. We show that common factors are important in the performance of banks and...
Persistent link: https://www.econbiz.de/10005101843
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Extreme Stock Return Co-movements of Financial Institutions: Contagion or Interdependence?
Minderhoud, Koen - de Nederlandsche Bank - 2003
This paper investigates contagion of major financial institutions by focusing on extreme stock return co-movements. Our measure of contagion within banking and insurance sectors is the number of coincidences of daily extreme returns that cannot be explained by a linear propagation model of...
Persistent link: https://www.econbiz.de/10005101914
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Systemic Risk in the Dutch Financial Sector
Minderhoud, Koen - de Nederlandsche Bank - 2003
This paper investigates systemic risk in the Dutch financial sector by focusing on extreme returns of the major … financial institutions. Our measure of systemic risk is the number of coincidences of extreme returns that cannot be explained … breakdown among the major Dutch financials. This indicates that systemic risk is significant, which has implications for …
Persistent link: https://www.econbiz.de/10005106754
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The Blurring of Distinctions between Financial Sectors: Fact or Fiction?
Zwet, Annemarie van der - de Nederlandsche Bank - 2003
This paper measures the 'blurring of distinctions' phenomenon in an innovative way, namely by means of a breakdown of the revenues of the 50 largest financial groups worldwide. These data show that the blurring of distinctions between financial intermediaries of different nationalities (i.e....
Persistent link: https://www.econbiz.de/10010822685
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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
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Home Bank Intermediation of Foreign Direct Investment
Poelhekke, Steven - de Nederlandsche Bank - 2011
This paper investigates the benefits of banks' direct investment in foreign subsidiaries and branches for non-financial multinationals. The paper builds on the literature on international banks which has primarily focused on the implications for host countries, rather than for its international...
Persistent link: https://www.econbiz.de/10009144150
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Efficiency and competition in the Dutch non-life insurance industry: Effects of the 2006 health care reform
Bikker, Jacob; Popescu, Adelina - de Nederlandsche Bank - 2014
This paper investigates the cost efficiency and competitive behaviour of the non-life - or property and casualty - insurance market in the Netherlands over the period 1995-2012. We focus on the 2006 health care reform, where public health care insurance has been included in the non-life...
Persistent link: https://www.econbiz.de/10011004568
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Insurance companies' trading behaviour during the European Sovereign debt crisis: Flight home or flight to quality?
Bijlsma, Melle; Vermeulen, Robert - de Nederlandsche Bank - 2015
explaining insurers' trading behaviour we explicitly control for country risk and momentum strategies. The results show that …
Persistent link: https://www.econbiz.de/10011212825
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An Exploration into Competition and Efficiency in the Dutch Life Insurance Industry
Bikker, Jaap; Leuvensteijn, Michiel van - de Nederlandsche Bank - 2005
The lack of available prices in the Dutch life insurance industry makes competition an elusive concept that defies direct observation. Therefore, this paper investigates competition by analysing several factors which may affect the competitive nature of a market and various indirect measurement...
Persistent link: https://www.econbiz.de/10005021828