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Financial Stability in Europe : Banking and Sovereign Risk
Bruha, Jan - 2017
ratio) and size (TBA) of the industry are linked to lower sovereign risk in general. Foreign bank penetration and …
Persistent link: https://www.econbiz.de/10012955275
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Government Guarantees and Bank Risk Taking Incentives
Fischer, Markus - 2014
This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of …
Persistent link: https://www.econbiz.de/10013055384
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Incentive Pay and Bank Risk-Taking : Evidence from Austrian, German, and Swiss Banks
Efing, Matthias - 2014
We use payroll data on 1.2 million bank employee years in the Austrian, German, and Swiss banking sector to identify … document an economically significant correlation of incentive pay with both the level and volatility of bank trading income … bonus share in the capital markets divisions with the strength of incentive pay in unrelated bank divisions like retail …
Persistent link: https://www.econbiz.de/10013045935
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How Should Financial Intermediation Services Be Taxed?
Lockwood, Ben - 2010
This paper considers the optimal taxation of savings intermediation and payment services in a dynamic general equilibrium setting, when the government can also use consumption and income taxes. When payment services are used in strict proportion to final consumption, and the cost of...
Persistent link: https://www.econbiz.de/10013136605
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How Do Banks Interact with Fintech Startups?
Hornuf, Lars - 2020
The increasing pervasiveness of technology-driven firms that offer banking services has led to a growing pressure on traditional banks to modernize their core business activities. Many banks tackle the challenges of digitalization by cooperating with startup firms that offer technology-driven...
Persistent link: https://www.econbiz.de/10012851315
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Unexpected Loan Losses and Bank Capital in an Estimated DSGE Model of the Euro Area
Hristov, Nikolay - 2016
conditions, credit default and bank capitalization for the transmission of macroeconomic shocks. We fit the model to euro area … empirical literature, i.e. the pro-cyclicality of bank profitability and the counter-cyclical response of firm default rates and …
Persistent link: https://www.econbiz.de/10012978077
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Foreign Currency Loans and Credit Risk : Evidence from U.S. Banks
Niepmann, Friederike - 2020
When firms borrow in foreign currency but collect revenues in local currency, exchange rate changes can affect their ability to repay their debt. Using loan-level data from U.S. banks' regulatory filings, this paper studies the effect of exchange rate changes on firms' loan payments. A 10...
Persistent link: https://www.econbiz.de/10012853395
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Loan Loss Provision : Some Empirical Evidence for Italian Banks
Caporale, Guglielmo Maria - 2015
This paper uses data from a panel of more than 400 Italian banks for the period 2001-2012 to examine the main determinants of loan loss provision (LLP), which are classified as either discretionary (income smoothing, capital management, signalling) or non-discretionary (related to the business...
Persistent link: https://www.econbiz.de/10013024740
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EU Banks Rating Assignments : Is there Heterogeneity between New and Old Member Countries?
Caporale, Guglielmo Maria - 2013
We model EU countries' bank ratings using financial variables and allowing for intercept and slope heterogeneity. Our …
Persistent link: https://www.econbiz.de/10013094667
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Credit Misallocation During the European Financial Crisis
Schivardi, Fabiano - 2017
unique data set that covers almost all bank-firm relationships in Italy in the period 2004-2013, we find that, during the …
Persistent link: https://www.econbiz.de/10012958446