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How Development and Liberalisation of the Financial Sector is Related to Income Inequality : Some New Evidence

de Haan, Jacob - 2016

Bumann and Lensink (2016) suggest that the impact of financial liberalization on inequality is conditioned by financial development. Besides presenting a theoretical model that explains the underlying channels, they report empirical results in which capital account liberalisation (as a...

Persistent link: https://www.econbiz.de/10012986040

Interconnectedness Among Banks, Financial Stability, and Bank Capital Regulation

Chen, Yehning - 2016

interconnectedness on the banks' failure probability can be alleviated if bank capital regulation is properly designed. This paper … supports the conclusion in Allen and Gale (2000) that a complete financial system in which each bank is connected to all the …

Persistent link: https://www.econbiz.de/10012979287

Regulatory Arbitrage and the Efficiency of Banking Regulation

Boyer, Pierre - 2016

We study the efficiency of banking regulation under financial integration. Banks freely choose the jurisdiction where to locate their activities and have private information about their efficiency level. Regulators non-cooperatively offer any regulatory contract that satisfies information and...

Persistent link: https://www.econbiz.de/10012993683

Constitutional Issues of the Banking Union, between European Law and National Legal Orders

Cuocolo, Lorenzo - 2015

European history has always been characterized by a strong link between banks and States and, more generally, between banks and politics. National banking systems, therefore, have always been one of the forms of expression of sovereignty.This setting is seriously called into question by the...

Persistent link: https://www.econbiz.de/10013015736

The Redistributive Effects of Bank Capital Regulation

Carletti, Elena - 2018

We build a general equilibrium model of banks' optimal capital structure, where bankruptcy is costly and investors have heterogenous endowments and incur a cost for participating in equity markets. We show that banks raise both deposits and equity, and that investors are willing to hold equity...

Persistent link: https://www.econbiz.de/10012906363

The Evolution of Banking Regulation Since the Financial Crisis : A Critical Assessment

Sironi, Andrea - 2019

- often called “Basel 4” - and the new requirements associated to bank resolution policies, i.e. the “total loss absorbing … condition for a bank to be sustainable over time, the sovereign-banks “doom loop”, and the possibility of future recessions, as …

Persistent link: https://www.econbiz.de/10012896463

Post-Crisis Regulatory and Supervisory Arrangements – The New ‘Old’ Central Banking

Masłowska-Jokinen, Aleksandra - 2016

The Global Financial Crisis (GFC) exposed clear gaps in the pre-crisis regulatory and supervisory framework in most of financial systems worldwide, but not in all financial systems. Optimal design of supervisory and regulatory arrangements in the post-crisis perspective requires identifying...

Persistent link: https://www.econbiz.de/10012986039

Incentive Compatible Relationship between Ermii and Close-Cooperation in the Banking Union : The Case of Bulgaria and Croatia

Nieto, María J.; Singh, Dalvinder - 2020

; coordination of micro-prudential supervision and bank resolution)? It is evident from the research undertaken in this paper that …

Persistent link: https://www.econbiz.de/10014351944

Big Data Econometrics : Now Casting and Early Estimates

Marcellino, Massimiliano Giuseppe - 2018

This paper aims at providing a primer on the use of big data in macroeconomic nowcasting and early estimation. We discuss: (i) a typology of big data characteristics relevant for macroeconomic nowcasting and early estimates, (ii) methods for features extraction from unstructured big data to...

Persistent link: https://www.econbiz.de/10012915621

Bank Competition and Information Production

De Marco, Filippo - 2020

We show that competition adversely affects the "specialness" of bank lending. In particular, we observe that the … positive abnormal return on the borrowing firm's stock after the announcement of a bank loan is reduced in US states that … deregulate interstate branching. The negative effect of competition on the value of bank loans is present only for ex-ante opaque …

Persistent link: https://www.econbiz.de/10012842377