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The dark side of bank wholesale funding
Huang, Rocco; Ratnovski, Lev - 2010
signal on bank project quality, short-term wholesale financiers have lower incentives to conduct costly monitoring, and …
Persistent link: https://www.econbiz.de/10011605269
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Bank mergers, competition and liquidity
Carletti, Elena; Hartmann, Philipp; Spagnolo, Giancarlo - 2003
Persistent link: https://www.econbiz.de/10011604338
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Funding liquidity risk: definition and measurement
Drehmann, Mathias; Nikolaou, Kleopatra - 2009
In this paper we propose definitions of funding liquidity and funding liquidity risk and present a simple, yet intuitive, measure of funding liquidity risk based on data from open market operations. Our empirical analysis uses a unique data set of 135 main refinancing operation auctions...
Persistent link: https://www.econbiz.de/10011605070
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The Euro overnight interbank market and ECB's liquidity management policy during tranquil and turbulent times
Cassola, Nuno; Huetl, Michael - 2010
the Bank of England’s framework. We find that liquidity frontloading is a small scale central bank intervention which is …
Persistent link: https://www.econbiz.de/10011605293
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Mergers and acquisitions and bank performance in Europe: the role of strategic similarities
Altunbas, Yener; Marqués-Ibáñez, David - 2004
-merger financial performance. We find that, on average, bank mergers in the European Union resulted in improved return on capital. By …
Persistent link: https://www.econbiz.de/10011604444
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Banking system stability: a cross-Atlantic perspective
Hartmann, Philipp; Straetmans, Stefan; de Vries, Casper - 2005
assess the relative importance of cross-border bank spillovers as compared to domestic bank spillovers. The results suggest …
Persistent link: https://www.econbiz.de/10011604573
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Euro area banking sector integration: using hierarchical cluster analysis techniques
Sørensen, Christoffer Kok; Puigvert Gutiérrez, Josep Maria - 2006
In this study we apply cluster analysis techniques, including a novel smoothing method, to detect some basic patterns and trends in the euro area banking sector in terms of the degree of homogeneity of countries. We find that in the period 1998-2004 the banking sectors in the euro area countries...
Persistent link: https://www.econbiz.de/10011604673
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What drives EU banks’ stock returns? Bank-level evidence using the dynamic dividend-discount model
Castrén, Olli; Fitzpatrick, Trevor; Sydow, Matthias - 2006
expected return news component - as opposed to the bank-specific news, typically assumed to be incorporated in the cash …
Persistent link: https://www.econbiz.de/10011604723
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A new approach to measuring competition in the loan markets of the euro area
van Leuvensteijn, Michiel; Bikker, Jacob A.; van … - 2007
approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … ignores differences in bank product quality and design, as well as the attractiveness of innovations. We measure competition …
Persistent link: https://www.econbiz.de/10011604814
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How does competition affect efficiency and soundness in banking? New empirical evidence
Schaeck, Klaus; Čihák, Martin - 2008
A growing body of literature indicates that competition increases bank soundness. Applying an industrial organization … indeed increases bank efficiency. Second, building on these results, we examine the relation between the Boone indicator … bank soundness. We find evidence that competition robustly increases bank soundness, via the efficiency channel. …
Persistent link: https://www.econbiz.de/10011604978