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two sides of the Atlantic – Europe and the United States. The contribution of the study is mainly empirical, trying to … Social Survey (ESS), the American General Social Survey (GSS), and the International Social Survey Program (ISSP). Estimation … indeed more religious than the populations in the receiving countries, both in Europe and in the United States; and (b) while …
Persistent link: https://www.econbiz.de/10011084585
During the global financial crisis, European banks contracted foreign claims on recipient economies sharply. This paper examines the impact of that deleveraging on credit supply in recipient economies, with a particular focus on Asia. Identification is achieved by exploiting heterogeneity in...
Persistent link: https://www.econbiz.de/10009659761
-level data for central and eastern Europe and controlling for the feedback effect of credit growth on bank soundness. No evidence …
Persistent link: https://www.econbiz.de/10012677467
This study finds that equity returns in the banking sector in the wake of the Great Recession and the European sovereign debt crisis have been driven mainly by weak growth prospects and heightened sovereign risk and to a lesser extent, by deteriorating funding conditions and investor sentiment....
Persistent link: https://www.econbiz.de/10012677547
House prices in Europe have shown diverging trends, and this paper seeks to explain these differences by analyzing …
Persistent link: https://www.econbiz.de/10012677654
identified late, solutions are much more costly. Until recently, Europe has seen only a small number of outright bank failures … of banking distress in Europe. We identify a set of indicators and thresholds that can help to distinguish sou …
Persistent link: https://www.econbiz.de/10012677700
This paper focuses on financial interlinkages within Europe and potential contagion channeled through these …
Persistent link: https://www.econbiz.de/10012677707
The recent financial crisis raises important issues about the transmission of financial shocks across borders. In this paper, a global vector autoregressive (GVAR) model is constructed to assess the relevance of international spillovers following a historical slowdown in U.S. equity prices. The...
Persistent link: https://www.econbiz.de/10012677717
METHODOLOGY -- IV. RESULTS -- V. CONCLUSION -- REFERENCES. …
Persistent link: https://www.econbiz.de/10012690984
Intro -- Contents -- I. INTRODUCTION -- II. A BRIEF PRIMER ON COLLATERALIZED DEBT OBLIGATIONS -- III. DEFAULT PROBABILITY AND DEFAULT CORRELATION, IN STCDOS -- IV. IDIOSYNCRATIC AND SYSTEMIC RISK IN STCDO TRANCHES -- V. DATA AND EMPIRICAL FRAMEWORK -- VI. RESULTS -- VII. CONCLUSIONS -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691162