Showing 1 - 10 of 154
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
Using a new, comprehensive database on bank ownership, identifying also the home country of foreign banks, for 137 … countries over the period 1995-2009, this paper provides an overview of foreign bank activity and its impact of financial … development and stability. We document substantial increases in foreign bank presence, especially in emerging markets and …
Persistent link: https://www.econbiz.de/10009390614
. Negative media reports, falling stock prices, and opaque product information also affect trust in banks. Experiencing a bank … bailout leads to less concern about government intervention, while experience of a bank failure leads to greater concern on …
Persistent link: https://www.econbiz.de/10010726974
indicates that the reduction in bank lending during the crisis was at least partly caused by stricter bank screening and …
Persistent link: https://www.econbiz.de/10008587049
This paper models a financial sector in which there is a feedback between individual bank risk and aggregate funding … premia on that market push up bank risk taking, leading to multiple equilibria. The model identifies shifts among equilibria … as a function of parameter shocks. Measures that reduce individual bank default risk within an equilibrium can actually …
Persistent link: https://www.econbiz.de/10009193243
have significant effects on loan rates and credit supply, particularly of banks in stressed countries. Central bank … lending to households. Moreover, bank characteristics matter for monetary transmission: loan growth of large banks that are …
Persistent link: https://www.econbiz.de/10011127196
We examine whether Fitch support ratings of US banks depend on bank size. Using quarterly data for the period 2004:Q4 … to 2012:Q4 and controlling for several factors that make large and small banks different, we find that bank size is …
Persistent link: https://www.econbiz.de/10010885311
The overall costs of the payment system to society are considerable. These costs depend on the relative usage of the available payment instruments, which differ in the costs that each entails to market participants in the payment chain. In the Netherlands, debit card payments have become less...
Persistent link: https://www.econbiz.de/10010945593
In this study we disentangle two dimensions of banks' systemic risk: the level of bank tail risk and the linkage … between a bank's tail risk and severe shocks in the financial system. We employ a measure of the systemic risk of financial … bank characteristics are related to bank tail risk and systemic linkage. The interrelationship between bank characteristics …
Persistent link: https://www.econbiz.de/10010945596
This paper examines how credit risk affects bank lending and the business cycle. We estimate a panel Vector …, inflation, the short-term interest rate, bank lending, as well as loan loss provisioning by banks (as proxy for credit risk …). Our main findings are that: (i) bank lending and loan loss provisioning are important drivers of business cycle …
Persistent link: https://www.econbiz.de/10010945599