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Climate Stress Testing
Acharya, Viral V.; Berner, Richard B.; Engle, Robert F.; … - 2023
We explore the design of climate stress tests to assess and manage macro-prudential risks from climate change in the financial sector. We review the climate stress scenarios currently employed by regulators, highlighting the need to (i) consider many transition risks as dynamic policy choices;...
Persistent link: https://www.econbiz.de/10014249918
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Banking across borders
Niepmann, Friederike - 2013
Banking across borders has risen substantially over the past two decades. Yet there is significant heterogeneity in the … variation from an international trade theory perspective. In the model, banking across borders arises from differences in factor … endowments and differences in banking sector efficiencies between countries. The paper shows how these differences determine …
Persistent link: https://www.econbiz.de/10009707604
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The impact of fintech startups on financial snstitutions' performance and default risk
Haddad, Christian; Hornuf, Lars - 2021 - This version: April 24, 2021
We study the impact fintech startups have on the performance and the default risk of traditional financial institutions. We find a positive relationship between fintech startup formations and incumbent institutions' performance for the period from 2005 to 2018 and a large sample of financial...
Persistent link: https://www.econbiz.de/10012509553
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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/10008699764
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How do banks interact with fintechs? : forms of alliances and their impact on bank value
Hornuf, Lars; Klus, Milan Frederik; Lohwasser, Todor S.; … - 2018 - This Version: July 18, 2018
The increasing pervasiveness of technology-driven firms that offer banking services has led to a growing pressure on …
Persistent link: https://www.econbiz.de/10011882455
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Epidemic exposure, fintech adoption, and the digital divide
Saka, Orkun; Eichengreen, Barry; Aksoy, Cevat Giray - 2021
. Epidemic exposure is associated with an increase in remote-access (online/mobile) banking and substitution from bank branch …
Persistent link: https://www.econbiz.de/10012597099
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Market risk management in a Post-Basel II regulatory environment
Urošević, Branko; Drenovak, Mikica; Ranković, Vladimir; … - 2016
We propose a novel method of Mean-Capital Requirement portfolio optimization. The optimization is performed using a parallel framework for optimization based on the Nondominated Sorting Genetic Algorithm II. Capital requirements for market risk include an additional stress component introduced...
Persistent link: https://www.econbiz.de/10011587953
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Sovereign default risk and banks in a monetary union
Uhlig, Harald - 2013 - This revision: August 12, 2013
This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank guarantees in a monetary union. I assume that banks can use sovereign bonds for repurchase agreements with a common central bank, and that their sovereign partially backs up any...
Persistent link: https://www.econbiz.de/10009786077
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Regulatory competition in capital standards with selection effects among banks
Haufler, Andreas; Maier, Ulf - 2016
Several countries have recently introduced national capital standards exceeding the internationally coordinated Basel III rules, thus suggesting a 'race to the top' in capital standards. We study regulatory competition when banks are heterogeneous and give loans to firms that produce output in...
Persistent link: https://www.econbiz.de/10011447527
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Competition and risk taking in local bank markets : evidence from the business loans segment
Canta, Chiara; Nilsen, Øivind Anti; Ulsaker, Simen A. - 2023
This paper studies empirically the relationship between competition and risk taking in banking markets. We exploit an …
Persistent link: https://www.econbiz.de/10014284697