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How Excessive Is Banks’ Maturity Transformation?

Segura, Anatoli - 2016

We quantify the gains from regulating banks' maturity transformation in an infinite horizon model of banks which finance long-term assets with non-tradable debt. Banks choose the amount and maturity of their debt trading off investors' preference for short maturities with the risk of systemic...

Persistent link: https://www.econbiz.de/10012980515

Convergence Clubs, the Euro-Area Rank and the Relationship between Banking and Real Convergence

Affinito, Massimiliano - 2011

This paper analyses banking convergence, measured through the ratios of deposits and loans to GDP, across 65 countries, compares it with per capita income convergence, and tests its effect on real convergence. The focus of the paper is the group of countries that have adopted the euro as a...

Persistent link: https://www.econbiz.de/10013118393

Credit and Banking in a DSGE Model of the Euro Area

Gerali, Andrea - 2010

on bank capital-to-assets ratios and on the degree of interest rate stickiness. Bank balance-sheet constraints establish … a link between the business cycle, which affects bank profits and thus capital, and the supply and cost of loans. The … area, while macroeconomic shocks played a limited role. Third, an unexpected destruction of bank capital has a substantial …

Persistent link: https://www.econbiz.de/10013143710

Fixed Rate Versus Adjustable Rate Mortgages : Evidence from Euro Area Banks

Albertazzi, Ugo - 2019

and the characteristics of banks that supply credit. As bank funding mostly occurs at the group level, we disentangle …

Persistent link: https://www.econbiz.de/10012898840

Home Bias in Interbank Lending and Banks’ Resolution Regimes

Manna, Michele - 2011

loans carried a distinct risk compared with domestic loans. By contrast, a large Swiss bank, for example, did not need to …

Persistent link: https://www.econbiz.de/10013118360

Bank Bonds : Size, Systemic Relevance and the Sovereign

Zaghini, Andrea - 2014

I analyze the risk premium on bank bonds at origination with special focus on the role of implicit and explicit public …

Persistent link: https://www.econbiz.de/10013043975

The Sectoral Distribution of Money Supply in the Euro Area

Ferrero, Giuseppe; Nobili, Andrea; Passiglia, Patrizia - 2007

liquidity conditions are in some measure related to the acceleration of non-bank financial intermediaries' money demand, as well …

Persistent link: https://www.econbiz.de/10014050377

The Euro and Firm Restructuring

Bugamelli, Matteo; Schivardi, Fabiano; Zizza, Roberta - 2009

We test whether and how the adoption of the euro, narrowly defined as the end of competitive devaluations, has affected member states’ productive structures, distinguishing between within and across sector reallocation. We find evidence that the euro has been accompanied by a reallocation of...

Persistent link: https://www.econbiz.de/10014199895

Long-Term Interest Rate Convergence in Europe and the Probability of EMU

Angeloni, Ignazio; Violi, Roberto - 2008

Using a simple method, based on forward interest spreads, we analyse the recent movements in the 10-year yield differentials between three currencies (Italian lira; Spanish peseta; Swedish krona) and the DM in order to gauge the extent to which the reduction in these differentials was due to...

Persistent link: https://www.econbiz.de/10014214618

The Reliability of EMU Fiscal Indicators : Risks and Safeguards

Franco, Daniele; Balassone, Fabrizio; Zotteri, Stefania - 2007

The reliability of EMU's fiscal indicators has been questioned by recent episodes of large upward deficit revisions. This paper discusses the causes of such revisions in order to identify ways to improve monitoring. The computation of EMU's deficit indicator involves the assessment of accrued...

Persistent link: https://www.econbiz.de/10014225054