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This paper studies the determinants of being unbanked in the euro area and the United States as well as the effects of being unbanked on wealth accumulation. Based on household-level data from the euro area Household Finance and Consumption Survey and the U.S. Survey of Consumer Finance, it...
Persistent link: https://www.econbiz.de/10011635258
Does the level of deposits matter for bank fragility and efficiency? In a banking model with endogenous bank runs and a … consumption-saving decision, we show that the level of deposits has opposite effects on bank fragility depending on the nature of … bank runs. In an economy with panic-driven runs, higher deposits make banks less fragile, while the opposite is true when …
Persistent link: https://www.econbiz.de/10012800556
Using comparable survey data from twelve European countries from 1994 to 2001 we investigate households’ attitudes towards mortgage indebtedness. We find that a given debt burden creates much higher distress in countries with fewer mortgage holders relative to countries where a significant...
Persistent link: https://www.econbiz.de/10003971055
This study calibrates the term structure of risk premia before and during the 2007/2008 financial crisis using a new calibration approach based on credit default swaps. The risk premium term structure was flat before the crisis and downward sloping during the crisis. The instantaneous risk...
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