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The political economy of financial systems

Haber, Stephen H.; Perotti, Enrico C. - 2008

This survey reviews the literature on the political economy of financial structure, broadly defined to include the size of capital markets and banking systems as well as the distribution of access to external finance across firms.The theoretical literature on the institutional basis for...

Persistent link: https://www.econbiz.de/10011374399

Risk diversification by European financial conglomerates

Slijkerman, Jan Frederik; Schoenmaker, Dirk; Vries, … - 2005

We study the dependence between the downside risk of European banks and insurers. Since the downside risk of banks and insurers differs, an interesting question from a supervisory point of view is the risk reduction that derives from diversification within large banks and financial...

Persistent link: https://www.econbiz.de/10011346454

Financial sector competition, service trade, and growth

Francois, Joseph F.; Eschenbach, Felix - 2002

competition/performance and financia1 sector openness (meaning foreign bank access to domestic markets), and between growth and …

Persistent link: https://www.econbiz.de/10011327533

Network, market, and book-based systemic risk rankings

Leur, Michiel van de; Lucas, André - 2016

We investigate the information content of stock correlation based network measures for systemic risk rankings, such as SIFIRank (based on Google's PageRank). Using European banking data, we first show that SIFIRank is empirically equivalent to a ranking based on average pairwise stock...

Persistent link: https://www.econbiz.de/10011531142

Risk diversification by European financial conglomerates

Slijkerman, Jan Frederik; Schoenmaker, Dirk; Vries, … - 2005

Persistent link: https://www.econbiz.de/10003233496

Quantifying systemic risk in the presence of unlisted banks : application to the Dutch financial sector

Dimitrov, Daniel; Wijnbergen, Sweder van - 2022

We propose a credit portfolio approach for evaluating systemic risk and attributing it across institutions. We construct a model that can be estimated from high-frequency CDS data. This captures risks from privately held institutions and cooperative banks, extending approaches that rely on...

Persistent link: https://www.econbiz.de/10013202709

Follow the money : does the financial sector intermediate natural resource windfalls?

Beck, Thorsten; Poelhekke, Steven - 2017 - This version: 18 February 2017

The need to absorb windfalls gains and manage them appropriately has been discussed extensively by academics and policy makers alike. We explore the role of the financial sector in intermediating these windfalls. Controlling for the level of financial development, inflation, GDP growth and...

Persistent link: https://www.econbiz.de/10011602734

Firm subsidies, financial intermediation, and bank stability

Kazakov, Aleksandr; Koetter, Michael; Titze, Mirko; … - 2022

whether government subsidies to firms affect quantity and quality of bank lending. We combine recipient firms under the … to firms are determined at the EU level. Therefore, we use it to identify bank outcomes. Banks with relationships to more … subsidized firms exhibit higher lending volumes without any significant differences in bank stability. Subsidized firms, in turn …

Persistent link: https://www.econbiz.de/10013413540

Quantifying systemic risk in the presence of unlisted banks : application to the European banking sector

Dimitrov, Daniel; Wijnbergen, Sweder van - 2023

We propose a credit portfolio approach for evaluating systemic risk and attributing it across institutions. We construct a model that can be estimated from high-frequency CDS data. This captures risks from publicly traded banks, privately held institutions, and coöperative banks, extending...

Persistent link: https://www.econbiz.de/10014280065