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Sound corporate governance is essential for a well-functioning banking system and the integrity of financial markets. The paper discusses the corporate governance of Italian banks, its regulatory framework, and the specific challenges arising from the role played by foundations and large...
Persistent link: https://www.econbiz.de/10013045259
The crisis in Europe has underscored the vulnerability of European bank funding models compared to international peers …. This paper studies the drivers behind this fragility and examines the future of bank funding, primarily wholesale, in … possible policy options and bank actions to enhance European bank funding models' robustness …
Persistent link: https://www.econbiz.de/10013085997
We use event study methods to compare the market reaction to U.S. and EU-wide stress tests performed from 2009 to 2013. Typically, stress tests have a positive impact on stressed banks' returns. While the 2009 U.S. stress test had a large positive outcome, the impact of subsequent U.S. exercises...
Persistent link: https://www.econbiz.de/10013023274
This paper examines bank credit growth in emerging markets before, during, and after the 2008-09 financial crisis using … bank-level data, focusing on the role of bank ownership. Credit growth by foreign banks lagged behind that of domestic … banks in 2009 in Asia, and in 2010 in Latin America and emerging Europe. State-owned banks instead played a counter …
Persistent link: https://www.econbiz.de/10013045941
This paper focusses on income inequality in Asia, its drivers and policies to combat it. It finds that income … inequality has risen in most of Asia, in contrast to many regions. While in the past, rapid growth in Asia has come with …
Persistent link: https://www.econbiz.de/10012995280
Both Japan and Korea are trying to boost female labor force participation (FLFP) as they face the challenges of a rapidly aging population. Though FLFP has generally been on a rising trend, the female labor force in both countries is skewed towards non-regular employment despite women's high...
Persistent link: https://www.econbiz.de/10013024437
This paper assesses the role of bank and nonbank financial institutions' balance sheet foreign exposures and risk … conditions may take place through derivatives transactions with banks, the hedging practices of which trigger bank related …
Persistent link: https://www.econbiz.de/10012869282
Asian countries have high demand for U.S. dollars and are sensitive to U.S. dollar funding costs. An important, but often overlooked, component of these costs is the basis spread in the cross-currency swap market that emerges when there are deviations from covered interest parity (CIP). CIP...
Persistent link: https://www.econbiz.de/10012864099
a tax onshadow bank profits …
Persistent link: https://www.econbiz.de/10012929925
Banks across the Caribbean have lost important Correspondent Banking Relationships (CBRs). The macroeconomic impact has so far been limited, in part because banks either have multiple relationships or have been successful in replacing lost CBRs. However, the cost of services has increased...
Persistent link: https://www.econbiz.de/10012944967