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Stremmel, Hanno - 2015

In this study, we approximate the financial cycle in Europe by combining potential common and relevant financial …

Persistent link: https://www.econbiz.de/10013020632

Financial Integration in Europe Through the Lens of Composite Indicators

Hoffmann, Peter; Kremer, Manfred; Zaharia, Sonia - 2021

indicators are harmonised by applying the probability integral transform. We find that financial integration in Europe increased …

Persistent link: https://www.econbiz.de/10013315337

Is the Financial Market Driving Income Distribution? – an Analysis of the Linkage between Income and Wealth in Europe

Kavonius, Ilja Kristian; Törmälehto, Veli-Matti - 2022

Globalisation has a major impact on the levels and distribution of wealth. The financial markets are highly integrated, and valuations of financial assets follow international patterns, which has contributed to large increases in financial wealth over the past 25 years. Nonetheless, this has not...

Persistent link: https://www.econbiz.de/10013403074

Financial Factors in Economic Fluctuations

Christiano, Lawrence J.; Motto, Roberto; Rostagno, Massimo - 2021

We augment a standard monetary DSGE model to include a banking sector and financial markets. We fit the model to Euro Area and US data. We find that agency problems in financial contracts, liquidity constraints facing banks and shocks that alter the perception of market risk and hit financial...

Persistent link: https://www.econbiz.de/10013316211

Breaking the Shackles : Zombie Firms, Weak Banks and Depressed Restructuring in Europe

Andrews, Dan - 2019

Europe may at least partly stem from bank forbearance. The increasing survival of zombie firms congests markets and … bank health and the consequences for aggregate productivity in 11 European countries. Controlling for cyclical effects, the … around one-third of the impact of zombie congestion on capital misallocation can be directly attributed to bank health and …

Persistent link: https://www.econbiz.de/10012892781

Predicting Distress in European Banks

Betz, Frank - 2013

both bank and country-level data. As outright bank failures have been rare in Europe, the paper introduces a novel dataset … are that complementing bank specific vulnerabilities with indicators for macro-financial imbalances and banking sector … vulnerabilities improves model performance and yields useful out-of-sample predictions of bank distress during the current financial …

Persistent link: https://www.econbiz.de/10013074637

Breaking the Shackles : Zombie Firms, Weak Banks and Depressed Restructuring in Europe

Andrews, Dan - 2022

Persistent link: https://www.econbiz.de/10013322215

Bank Contagion in General Equilibrium

Ferrari, Massimo Minesso - 2020

In this paper, I incorporate a complex network model into a state of the art stochastic general equilibrium framework with an active interbank market. Banks exchange funds one another generating a complex web of interbanking relations. With the tools of network analysis it is possible to study...

Persistent link: https://www.econbiz.de/10012829647

Run-Prone Banking and Asset Markets

Hoerova, Marie - 2021

bank runs. If the probability of a run is small, then banks specialize fully into the provision of liquidity insurance …

Persistent link: https://www.econbiz.de/10013316669

Money, Credit, Monetary Policy and the Business Cycle in the Euro Area : What Has Changed since the Crisis?

Giannone, Domenico - 2019

This paper studies the relationship between the business cycle and financial intermediation in the euro area. We establish stylized facts and study their stability during the global financial crisis and the European sovereign debt crisis. Long-term interest rates have been exceptionally high and...

Persistent link: https://www.econbiz.de/10012893985

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