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Cross Country Linkages as Determinants of Procyclicality of Loan Loss Provisions – Empirical Importance of SURE Specification
Olszak, Małgorzata; Pipień, Mateusz - Volkswirtschaftliche Fakultät, … - 2013
Procyclicality in banking may result in financial instability and therefore be destructive to economic growth. The … whole business cycle. Application of the SURE approach to 13 OECD countries in 1995-2009 shows that the procyclicality of …
Persistent link: https://www.econbiz.de/10011259964
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Funding structure, procyclicality and lending: Evidence from GCC banks
Ghosh, Saibal - Volkswirtschaftliche Fakultät, … - 2013
The paper examines whether banks’ funding structure amplifies procyclicality. Using data for GCC banks for the period … addition, the procyclicality of the financial system and the crisis exacerbates the effect, although the results differ across …
Persistent link: https://www.econbiz.de/10011260040
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A Commodity Curse? The Dynamic Effects of Commodity Prices on Fiscal Performance in Latin America
Medina, Leandro - Volkswirtschaftliche Fakultät, … - 2010
The recent boom and bust in commodity prices has raised concerns about the impact of volatile commodity prices on Latin American countries’ fiscal positions. Using a novel quarterly dataset─ which includes unique country specific commodity price indices and a comprehensive measure of public...
Persistent link: https://www.econbiz.de/10008529245
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Coordination et décentralisation des règles budgétaires dans une structure fédéraliste: Le cas des cantons suisses
Soguel, Nils - Volkswirtschaftliche Fakultät, … - 2005
Summary The coordination of fiscal policies between states or municipalities collides with their individual spending and taxing power. When independently adopted, budget rules can potentially endanger the overall need for macroeconomic stabilisation. Utilising the example of the Swiss cantons,...
Persistent link: https://www.econbiz.de/10005617131
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Market Procyclicality and Systemic Risk
Tasca, Paolo; Battiston, Stefano - Volkswirtschaftliche Fakultät, … - 2013
We model the systemic risk associated with the so-called balance-sheet amplification mechanism in a system of banks with interlocked balance sheets and with positions in real-economy-related assets. Our modeling framework integrates a stochastic price dynamics with an active balance-sheet...
Persistent link: https://www.econbiz.de/10011110094
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Bank procyclicality and output: Issues and policies
Athanasoglou, Panayiotis; Ioannis, Daniilidis; Manthos, … - Volkswirtschaftliche Fakultät, … - 2013
The recent global financial crisis has highlighted the importance of the procyclicality of the financial sector. The … procyclicality has transformed banks from mitigation mechanisms to amplifiers of changes in economic activity, potentially affecting … financial stability and economic growth. The causes of procyclicality can be attributed to market imperfections and deviations …
Persistent link: https://www.econbiz.de/10011112023
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What drives heterogeneity of loan loss provisions’ procyclicality in the EU?
Olszak, Małgorzata; Pipień, Mateusz; Kowalska, Iwona; … - Volkswirtschaftliche Fakultät, … - 2014
. Better investor protection and more restrictive bank regulations reduce the procyclicality of LLP. Additional evidence shows … importance of earnings management for LLP procyclicality. Sensitivity of LLP to the business cycle seems to be limited in the …
Persistent link: https://www.econbiz.de/10011113042
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Why the transfer of bank supervisory powers back to the Bank of England is a step in the right direction: Revisiting the role of external auditors in bank and financial services su...
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2012
The need for effective supervision of capital markets is becoming all the more evident in the aftermath of the recent LIBOR and rate rigging scandals. Financial regulators or indeed bank regulators cannot perform such a function effectively without the involvement of auditors in the supervisory...
Persistent link: https://www.econbiz.de/10011259086
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Accounting and the Macroeconomy: The Case of Aggregate Price-Level Effects on Individual Stocks
Konchitchki, Yaniv - Volkswirtschaftliche Fakultät, … - 2013
This study sheds new light on the cross-sectional effects of inflation, which have substantial implications for stock valuation. I use financial statement analysis to examine systematic stock-valuation effects of aggregate price-level changes on individual companies, focusing on the implications...
Persistent link: https://www.econbiz.de/10011259622
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The need for global adoption and adaptation of International Financial Reporting Standards (IFRS): post Enron consequences and the restoration of confidence to capital markets foll...
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2012
Many questions have been raised as to whether financial accounting has become more conservative. The value relevance and qualitative characteristics of accounting information have become topics of particular relevance given the role they have assumed in influencing the value judgment of...
Persistent link: https://www.econbiz.de/10011260479