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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 … market segments), various banking categories and over time. Two related but diverging dimensions of efficiency are considered …: X-efficiency, measuring managerial ability, and cost level differences, reflecting national economic and institutional …

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

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

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

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

, competition and efficiency. Finally, the question is addressed whether the observed consolidation and increased competition may …

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

Running for the Exit: International Banks and Crisis Transmission

Haas, Ralph de; Horen, Neeltje van - de Nederlandsche Bank - 2011

across borders. The simultaneous use of country and bank fixed effects allows us to disentangle credit supply and demand and … to control for general bank characteristics. We find that during the crisis banks continued to lend more to countries …

Persistent link: https://www.econbiz.de/10008828360

Measuring Stock Market Contagion with an Application to the Sub-prime Crisis

Mink, Mark; Mierau, Jochen - de Nederlandsche Bank - 2009

We present a new method to examine financial contagion, defined as a sudden strengthening of shock transmission between financial markets. In particular, we develop a correlation-like measure of synchronicity between markets that is straightforward to implement while being insensitive to...

Persistent link: https://www.econbiz.de/10004963328

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

Internal Capital Markets and Lending by Multinational Bank Subsidiaries

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

1992 to 2004 to analyse what determines the credit growth of multinational bank subsidiaries. Both home- and host … lending of multinational bank subsidiaries is influenced by substitution effects, in which parent banks trade-off lending in …

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

, multinational bank subsidiaries had to slow down credit growth about twice as fast as domestic banks. This was in particular the …

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

Internal Capital Markets in Multinational Banks: Implications for European Transition Countries

Haas, Ralph de; Naaborg, Ilko - de Nederlandsche Bank - 2005

We use focused interviews with bank managers to analyse how multinational banks use internal capital markets to control … their subsidiaries. It is found that foreign bank affiliates are strongly influenced by the capital allocation and credit … steering mechanisms of the parent bank. Parent banks generally set credit growth targets, which may then be supported by book …

Persistent link: https://www.econbiz.de/10005101850

Does Foreign Bank Entry Reduce Small Firms' Access to Credit? Evidence from European Transition Economies

Haas, Ralph de; Naaborg, Ilko - de Nederlandsche Bank - 2005

On the basis of focused interviews with managers of foreign parent banks and their affiliates in Central Europe and the Baltic States, the development of small-business lending by foreign banks is analysed. Our approach allows us to complement the standard empirical literature, which has...

Persistent link: https://www.econbiz.de/10005101853

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