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Persistent link: https://www.econbiz.de/10011281169
We introduce two types of agent heterogeneity in a calibrated epidemiological search model. First, some agents cannot afford staying home to minimize their virus exposure, while others can. Our results show that these poor agents bear most of the epidemic's health costs. Moreover, we show that...
Persistent link: https://www.econbiz.de/10012302063
We analyze the profitability of FX swaps used by the central bank of Brazil to shed light on the rationale for FX …
Persistent link: https://www.econbiz.de/10012251968
Persistent link: https://www.econbiz.de/10009488695
Persistent link: https://www.econbiz.de/10011281182
The profitability of Italian banks depends, among other factors, on the strength of the ongoing economic recovery, the … resolving nonperforming loans (NPLs) and to foster banking sector consolidation. Improved profitability would enable banks to … smaller banks face profitability pressures, even under favorable assumptions. There is thus a need to push ahead decisively on …
Persistent link: https://www.econbiz.de/10011715316
. Among other potential side effects, negative rates could weaken banks' profitability by reducing net interest income, their …
Persistent link: https://www.econbiz.de/10011715468
Schemes of residual profit allocation (RPA) tax multinationals by allocating their 'routine' profits to countries in which their activities take place and sharing their remaining 'residual' profit across countries on some formulaic basis. They have recently and rapidly come to prominence in...
Persistent link: https://www.econbiz.de/10012251292
We analyze how bank profitability impacts financial stability from both theoretical and empirical perspectives. We … first develop a theoretical model of the relationship between bank profitability and financial stability by exploring the … empirical determinants of bank risks and profitability, and how the level and the source of bank profitability affect risks for …
Persistent link: https://www.econbiz.de/10012001476
The paper investigates EU banks' profitability through the recent financial cycle using banklevel balance sheet and …, such as higher reliance on fees and commission income, were associated with better profitability post-crisis …
Persistent link: https://www.econbiz.de/10011852611