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Competition and Relationship Lending : Friends or Foes?

Presbitero, Andrea; Zazzaro, Alberto - 2021

local credit markets. We provide evidence that marginal increases in interbank competition are detrimental to relationship … technologies are al-ready widely in use in the market by a large group of small mutual banks, an increase in competition may drive …

Persistent link: https://www.econbiz.de/10013316197

Competition and Stability in Banking

Vives, Xavier - 2013

competition and stability in banking. There are two basic channels through which competition may increase instability: by … incentives to take risk and raise failure probabilities. The competition-stability trade-off is characterized and the … implications of the analysis for regulation and competition policy are derived. It is found that optimal regulation may depend on …

Persistent link: https://www.econbiz.de/10013094726

Banking and Industrialization

Heblich, Stephan - 2015

We exploit employment data from 10,528 parishes across nineteenth century England and Wales and find that a one standard deviation increase in finance employment increases the annualized growth rate of secondary labour by 0.8 percentage points. An endogenous growth model with finance and...

Persistent link: https://www.econbiz.de/10013014356

Banking Panics and Liquidity in a Monetary Economy

Matsuoka, Tarishi - 2018

This paper studies banks' liquidity provision in the Lagos and Wright model of monetary exchanges. With aggregate uncertainty we show that banks sometimes exhaust their cash reserves and fail to satisfy their depositors' need of consumption smoothing. The banking panics can be eliminated by the...

Persistent link: https://www.econbiz.de/10012930807

The Nature of Financial and Real Business Cycles : The Great Moderation and Banking Sector Pro-Cyclicality

Égert, Balázs - 2012

This paper takes a fresh look at the nature of financial and real business cycles in OECD countries using annual data series and shorter quarterly and monthly economic indicators. It first analyses the main characteristics of the cycle, including the length, amplitude, asymmetry and changes of...

Persistent link: https://www.econbiz.de/10013105148

The Political Economy of Financial Systems : Evidence from Suffrage Reforms in the Last Two Centuries

Degryse, Hans - 2014

Initially, voting rights were limited to wealthy elites providing political support for stock markets. The franchise expansion induces the median voter to provide political support for banking development as this new electorate has lower financial holdings and benefits less from the uncertainty...

Persistent link: https://www.econbiz.de/10013060987

Analyzing Systemic Risk in the Chinese Banking System

Huang, Qiubin - 2015

We examine systemic risk in the Chinese banking system by estimating the conditional value at risk (CoVaR), the marginal expected shortfall (MES), the systemic impact index (SII) and the vulnerability index (VI) for 16 listed banks in China. Although these measures show different patterns, our...

Persistent link: https://www.econbiz.de/10013013708

The Bank Lending Channel in a Dual Banking System : Evidence from Malaysia

Caporale, Guglielmo Maria - 2016

This paper examines the bank lending channel of monetary transmission in Malaysia, a country with a dual banking system including both Islamic and conventional banks, over the period 1994:01-2015:06. A two-regime threshold vector autoregression (TVAR) model is estimated to take into account...

Persistent link: https://www.econbiz.de/10012994579

Unemployment and Finance : How Do Financial and Labour Market Factors Interact?

Gatti, Donatella - 2010

Using annual data for 18 OECD countries over the period 1980-2004, we investigate how labour and financial factors interact to determine unemployment by estimating a dynamic panel model using the system generalized method of moments (GMM). We show that the impact of financial variables depends...

Persistent link: https://www.econbiz.de/10013148995

Macroeconomic Factors and Micro-Level Bank Risk

Buch, Claudia M. - 2013

The interplay between banks and the macroeconomy is of key importance for financial and economic stability. We analyze this link using a factor-augmented vector autoregressive model (FAVAR) which extends a standard VAR for the U.S. macroeconomy. The model includes GDP growth, inflation, the...

Persistent link: https://www.econbiz.de/10013094240