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Persistent link: https://www.econbiz.de/10011927474
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. Since the establishment of the Banking Union in 2014, the European Central Bank (ECB) can impose stricter regulations than … bank's contribution to systemic risk (SRISK) at the national and the euro-area level. Our research delivers three main …, an exploration of the drivers of systemic risk shows that a bank’s contribution to systemic risk is positively related to …
Persistent link: https://www.econbiz.de/10011640989
bank is, the higher are the abnormal returns, both in 'crisis countries' and 'non-crisis countries'. Moreover, abnormal … contrast, abnormal returns are not robustly related to bank risk. These findings reveal market expectations consistent with the …
Persistent link: https://www.econbiz.de/10015051532
We investigate the relationship between bank complexity and bank risk-taking using German banking data over the period …
Persistent link: https://www.econbiz.de/10012510180
Commission, the European Parliament, the European Central Bank and national governments. The empirical section takes advantage of …
Persistent link: https://www.econbiz.de/10012421950
This paper introduces a new transmission channel of banking crises where sizable cross-border bank claims on foreign …
Persistent link: https://www.econbiz.de/10012242495
We propose an algorithm to model contagion in the interbank market via what we term the credit quality channel. In existing models on contagion via interbank credit, external shocks to banks often spread to other banks only in case of a default. In contrast, shocks are transmitted via asset...
Persistent link: https://www.econbiz.de/10011381702
We present a simple model to illustrate how birthplace diversity may affect team performance. The model assumes that … team performance. To verify this prediction, we exploit self-collected data on the first division of German male soccer … different instrumental variable approaches to identify the effect of birthplace diversity on team performance. Our findings …
Persistent link: https://www.econbiz.de/10012010641
We operationalize the definition of systemic risk provided by the IMF, BIS, and FSB and derive testable hypotheses to identify indicators of systemic risk. We map these hypotheses into a two-stage hierarchical testing framework, combining insights from the early-warning literature on financial...
Persistent link: https://www.econbiz.de/10012234486