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A cross-country comparison of market structures in European banking
Davis, E. Philip; De Bandt, Olivier - 1999
1992-1996, we provide evidence that European banking markets for large banks in the mid-1990s were still characterised by …
Persistent link: https://www.econbiz.de/10011604053
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Deposit insurance and moral hazard: does the counterfactual matter?
Gropp, Reint E.; Vesala, Jukka - 2001
banking systems have been characterised by strong implicit insurance operating through the expectation of public intervention …
Persistent link: https://www.econbiz.de/10011604093
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Equity and bond market signals as leading indicators of bank fragility
Gropp, Reint E.; Vesala, Jukka; Vulpes, Giuseppe - 2002
We analyse the ability of the distance-to-default and bond spreads to signal bank fragility. We show that both indicators are complete and unbiased and that spreads are non-linear in the probability of bank default. We empirically test these properties in a sample of EU banks. We find leading...
Persistent link: https://www.econbiz.de/10011604196
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Measurement of contagion in banks' equity prices
Gropp, Reint E.; Moerman, Gerard - 2003
This paper uses the co-incidence of extreme shocks to banks’ risk to examine within country and across country contagion among large EU banks. Banks’ risk is measured by the first difference of weekly distances to default and abnormal returns. Using Monte Carlo simulations, the paper...
Persistent link: https://www.econbiz.de/10011604343
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Deposit insurance, moral hazard and market monitoring
Gropp, Reint E.; Vesala, Jukka - 2004
banking model we show that deposit insurance may reduce moral hazard, if deposit insurance credibly leaves out non …
Persistent link: https://www.econbiz.de/10011604348
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Banking consolidation and small business lending
Takáts, Elod - 2004
effects of banking consolidation and technological change on small business lending. The model suggests that not banking size …
Persistent link: https://www.econbiz.de/10011604453
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Banking system stability: a cross-Atlantic perspective
Hartmann, Philipp; Straetmans, Stefan; de Vries, Casper - 2005
This paper derives indicators of the severity and structure of banking system risk from asymptotic interdependencies … the euro area, we can also compare banking system stability between the two largest economies in the world. For Europe we …
Persistent link: https://www.econbiz.de/10011604573
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Acquisition versus greenfield: the impact of the mode of foreign bank entry on information and bank lending rates
Claeys, Sophie; Hainz, Christa - 2006
Policy makers often decide to liberalize foreign bank entry but at the same time restrict the mode of entry. We study how different entry modes affect the interest rate for loans in a model in which domestic banks possess private information about their incumbent clients but foreign banks have...
Persistent link: https://www.econbiz.de/10011604699
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Cross-border bank contagion in Europe
Gropp, Reint E.; Lo Duca, Marco; Vesala, Jukka - 2006
This paper analyses cross-border contagion in a sample of European banks from January 1994 to January 2003. We use a multinomial logit model to estimate the number of banks in a given country that experience a large shock on the same day (“coexceedances”) as a function of variables measuring...
Persistent link: https://www.econbiz.de/10011604708
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Is there a single frontier in a single European banking market?
Bos, Jaap W. B.; Schmiedel, Heiko - 2006
EU. Using a data set of more than 5000 large commercial banks from all major European banking markets over the period … 1993-2004, the application of meta-frontiers enables us to assess the existence of a single and integrated European banking … market. We find evidence in favor of a single European banking market characterized by cost and profit meta …
Persistent link: https://www.econbiz.de/10011604747