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Risk in Financial Conglomerates: Management and Supervision
Lelyveld, Iman van; Schilder, Arnold - de Nederlandsche Bank - 2002
Financial conglomerates, combining banking, securities trading, and insurance, have become an important part of the financial landscape in many countries. Cross-sector consolidation has been fostered by trends such as disintermediation, globalization, and deregulation creating new challenges for...
Persistent link: https://www.econbiz.de/10005021889
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Securitization and the dark side of diversification
Oordt, Maarten van - de Nederlandsche Bank - 2012
Diversification by banks affects the systemic risk of the sector. Importantly, Wagner (2010) shows that linear … diversification increases systemic risk. We consider the case of securitization, whereby loan portfolios are sliced into tranches with … different seniority levels. We show that tranching offers nonlinear diversification strategies, which can reduce the failure …
Persistent link: https://www.econbiz.de/10010543515
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Corporate culture and behaviour: A survey
Haan, Jakob de; Jansen, David-Jan - de Nederlandsche Bank - 2011
Drawing on the literature on organizational psychology, this paper discusses the potential of studying corporate culture and organizational behaviour for financial supervision. First, we discuss how corporate culture is often linked to long-term firm performance. From that perspective, factoring...
Persistent link: https://www.econbiz.de/10009393908
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Does a public campaign influence debit card usage? Evidence from the Netherlands
Jonker, Nicole; Plooij, Mirjam; Verburg, Johan - de Nederlandsche Bank - 2015
Do consumers change their payment behaviour after being exposed to a public campaign that encourages them to use their debit cards more often? We analyse the impact of such a campaign that started in 2007, using weekly debit card transaction data between 2005 and 2013. The overall results show...
Persistent link: https://www.econbiz.de/10011262931
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Preferential regulatory treatment and banks' demand for government bonds
Bonner, Clemens - de Nederlandsche Bank - 2014
Government bonds receive preferential treatment in financial regulation. The purpose of this paper is to analyze the impact of this preferential treatment on banks' demand for government bonds. Using unique transaction-level data, our analysis suggests that preferential treatment in liquidity...
Persistent link: https://www.econbiz.de/10010812608
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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
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Coordinating Bank Failure Costs and Financial Stability
Lelyveld, Iman van; Spaltro, Marco - de Nederlandsche Bank - 2011
Banking groups have become increasingly multinational but the institutional infrastructure to deal with solvency or liquidity problems is still largely national. This might lead to financial instability if national authorities do not internalise externalities abroad. Recently ex-ante burden...
Persistent link: https://www.econbiz.de/10009193242
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Credit Rating Agencies
Haan, Jakob de; Amtenbrink, Fabian - de Nederlandsche Bank - 2011
This paper critically reviews the debate on CRAs and, in the light thereof, analyses the European regulatory approach to CRAs, thereby combining insights from economics and law. We first provide some basic background on the function of CRAs. Thereafter, we focus on the two main tasks for which...
Persistent link: https://www.econbiz.de/10008799343
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Global liquidity regulation - Why did it take so long?
Bonner, Clemens; Hilbers, Paul - de Nederlandsche Bank - 2015
The purpose of this paper is to assess the history of global liquidity regulation until the revised Basel III proposals in 2013 and to analyze the interaction of capital regulation and banks' liquidity buffers. Our analysis suggests that regulating capital is associated with declining liquidity...
Persistent link: https://www.econbiz.de/10011127195
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Strategic Loan Defaults and Coordination: An Experimental Analysis
Trautmann, Stefan; Vlahu, Razvan - de Nederlandsche Bank - 2011
This paper experimentally studies the impact of uncertainty about bank and borrower fundamentals on loan repayment. We find that solvent borrowers are more likely to default strategically when stricter disclosure creates common knowledge about bank weakness. Borrowers are also less likely to...
Persistent link: https://www.econbiz.de/10009274333