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Interbank Contagion in the Dutch Banking Sector

Lelyveld, Iman van; Liedorp, Franka - de Nederlandsche Bank - 2004

We investigate interlinkages and contagion risks in the Dutch interbank market. Based on severaldata sources, including … a scenario analysis to measure contagion risks. We find that the bankruptcy of one of the large banks will put a … considerable burden on the other banks, but will not lead to a complete collapse of the interbank market. The contagion effects of …

Persistent link: https://www.econbiz.de/10005106664

Regulatory Competition and Bank Risk Taking

Agur, Itai - de Nederlandsche Bank - 2009

How damaging is competition between bank regulators? This paper develops a model in which both banks' risk profile and their access to wholesale funding are endogenous. Regulators weigh not only welfare, but also the number of banks under their supervision. Simulations indicate that the gains...

Persistent link: https://www.econbiz.de/10004963332

Peer monitoring or contagion? Interbank market exposure and bank risk

Liedorp, F.R.; Medema, L.; Koetter, M.; Koning, R.H.; … - de Nederlandsche Bank - 2010

We test if interconnectedness in the interbank market is a channel through which banks affect each others riskiness. The evidence is based on quarterly bilateral exposures of all banks active in the Dutch interbank market between 1998 and 2008. A spatial lag model, borrowed from regional...

Persistent link: https://www.econbiz.de/10008468099

The Impact of the LCR on the Interbank Money Market

Bonner, Clemens; Eijffinger, Sylvester - de Nederlandsche Bank - 2012

This paper analyzes the impact of a liquidity requirement similar to the Basel 3 Liquidity Coverage Ratio (LCR) on the unsecured interbank money market and therefore on the implementation of monetary policy. Combining two unique datasets of Dutch banks from 2005 to 2011, we show that banks which...

Persistent link: https://www.econbiz.de/10010757285

Pricing in Retail Payment Systems: A Public Policy Perspective on Pricing of Payment Cards

Bolt, Wilko; Chakravorti, Sujit - de Nederlandsche Bank - 2011

The provision of retail payment services is complex with many participants engaging in a series of interrelated bilateral transactions and subject to large economies of scale and scope along with strong adoption, usage and network externalities. This makes sound public policy difficult. We focus...

Persistent link: https://www.econbiz.de/10009392061

Consumer credit and payment cards

Bolt, Wilko; Foote, Elizabeth; Schmiedel, Heiko - de Nederlandsche Bank - 2011

We consider debit and credit card networks. Our contribution is to introduce the role of consumer credit into these payment networks, and to assess the way this affects competition and equilibrium fees. We analyze a situation in which overdrafts are associated with current accounts and debit...

Persistent link: https://www.econbiz.de/10009392062

Digitization of Retail Payment

Bolt, Wilko; Chakravorti, Sujit - de Nederlandsche Bank - 2010

The rapid proliferation of electronic payment media continues to change the way consumers shop and merchants sell goods and services. Many policymakers and economists agree that the digitization of payments is socially beneficial. However, there is considerable debate regarding the optimal...

Persistent link: https://www.econbiz.de/10008774016

SEPA, Efficiency, and Payment Card Competition

Bolt, Wilko; Schmiedel, Heiko - de Nederlandsche Bank - 2010

This paper analyzes the welfare implications of creating a Single Euro Payments Area. We study the effects of increased network compatibility and payment scale economies on consumer and merchant card fees and its impact on card usage. In particular, we model competition among debit cards and...

Persistent link: https://www.econbiz.de/10008518885

Economics of Payment Cards: A Status Report

Bolt, Wilko; Chakravorti, Sujit - de Nederlandsche Bank - 2008

In this article, we survey the recent theoretical literature on payment cards and study their implications for public policy. Payment card networks have faced regulatory scrutiny in several countries regarding the setting of various fees including interchange fees fees paid by the merchant's...

Persistent link: https://www.econbiz.de/10005101797

Consumer Choice and Merchant Acceptance of Payment Media

Bolt, Wilko; Chakravorti, Sujit - de Nederlandsche Bank - 2008

We study the ability of banks and merchants to influence the consumer's payment instrument choice. Consumers participate in payment card networks to insure themselves against three types of shocks| income, theft, and their merchant match. Merchants choose which payment instruments to accept...

Persistent link: https://www.econbiz.de/10005101837

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