Showing 1 - 10 of 19
We model EU countries' bank ratings using financial variables and allowing for intercept and slope heterogeneity. Our … assigned lower ratings, ceteris paribus, than 'old' ones. We find that country-specific factors (in the form of heterogeneous … intercepts) are a crucial determinant of ratings. Whilst 'new' EU countries typically have lower ratings than 'old' ones, after …
Persistent link: https://www.econbiz.de/10010270550
This paper estimates ordered logit and probit regression models for bank ratings which also include a country index to … bank ratings assigned by Fitch Ratings are underpinned by fundamental quantitative financial analyses. Also, there is … strong evidence of a country effect. Our model is shown to provide accurate predictions of bank ratings for the period prior …
Persistent link: https://www.econbiz.de/10010264612
banks' portfolio of public debt and reduces the percentage holdings in the case of central banks. Better sovereign ratings …We analyze domestic, foreign, and central banks holdings of public debt for 31 countries for the period of 1989 … also increase (decrease) the share of commercial (central) banks' holdings. Furthermore, the effects of an increment in the …
Persistent link: https://www.econbiz.de/10014469694
The digital revolution has led to a quantification of ever more areas of human life and society. At the same time, there is an explosion of the number of awards, which by their very nature are based on non-quantified performance. Will quantification take over completely, leading to...
Persistent link: https://www.econbiz.de/10011744888
The aim of this paper is to investigate the long run relationship between the development of banks and stock markets … as evidence supporting the significance of financial development for economic development although banks and stock …
Persistent link: https://www.econbiz.de/10010328841
To reconcile the mixed empirical results, we develop a theoretical model whose main implication is a concave impact of regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to annual data from 1999 to 2011 drawn from 132...
Persistent link: https://www.econbiz.de/10012052830
traditional banks to modernize their core business activities. Banks attempt to confront the challenges of digitalization by … banks to form alliances with fintechs. Furthermore, we analyze whether such bank-fintech alliances affect the market … valuation of banks. We provide descriptive evidence on the different forms of alliances occurring in practice. Using hand …
Persistent link: https://www.econbiz.de/10011931920
The current financial crisis has sparked intense debate about how weak banks should be resolved. Despite international … efforts to coordinate and converge on such policies, national policy advice and resolution practices differ. The resolution … resolution methods in the US, UK and NZ. …
Persistent link: https://www.econbiz.de/10010266061
equilibrium when banks have monopoly power, justifying a Pigouvian tax in this case. …
Persistent link: https://www.econbiz.de/10010274744
We document that trust in public institutions - and particularly trust in banks, business and government - has declined …
Persistent link: https://www.econbiz.de/10010274853