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A dynamic model of bank behaviour under multiple regulatory constraints
Behn, Markus; Daminato, Claudio; Salleo, Carmelo - 2019
We develop a dynamic structural model of bank behaviour that provides a microeconomic foundation for bank capital and …
Persistent link: https://www.econbiz.de/10011975498
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Do bank insiders impede equity issuances?
Götz, Martin; Laeven, Luc; Levine, Ross - 2021
greater insider ownership leads to less equity issuances. Several tests are consistent with the view that bank insiders are … between bank equity and lending, the results stress that ownership structure can shape the resilience of banks-and hence the …
Persistent link: https://www.econbiz.de/10012418825
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On the effectiveness of macroprudential policy
Ampudia, Miguel; Lo Duca, Marco; Farkas, Mátyás Gábor; … - 2021
Since the global financial crises, many countries have implemented macroprudential policies with the aim to render the financial system more resilient to shocks and limit the procyclicality of the financial system. We present theoretical and empirical evidence on the effectiveness of...
Persistent link: https://www.econbiz.de/10012519441
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Rethinking capital regulation : the case for a dividend prudential target
Muñoz, Manuel A. - 2020
trends. When shocks hit their pro ts, banks tend to adjust retained earnings to smooth dividends. This generates bank equity …
Persistent link: https://www.econbiz.de/10012241228
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Evaluating the impact of dividend restrictions on euro area bank market values
Andreeva, Desislava Č.; Bochmann, Paul; Schneider, Julius - 2023
This paper evaluates the impact of the March 2020 European Central Bank recommendation that banks do not pay dividends … or buy back shares on their market values. It documents a causal negative impact on bank share prices of around 7% during …
Persistent link: https://www.econbiz.de/10013553506
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Bail-in in action
Marqués Ibáñez, David; Santilli, Gianluca; … - 2024
has been a cornerstone of the new supervisory framework in Europe. We evaluate the bail-in regulation (BRRD) for bank bond …-to-value bailinable bank bonds and show that banks increased their holdings of bailinable bank bonds while households and non …
Persistent link: https://www.econbiz.de/10015152881
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Capital requirements in Pillar 1 or Pillar 2 : does it matter for market discipline?
Witte, Niklas - 2024
The results of this paper provide empirical evidence that regulatory capital ratios drive bank Credit Default Swaps … weights than imposed as a percentage of Risk-Weighted Assets (RWAs) under Pillar 2. In other words, market discipline on bank …
Persistent link: https://www.econbiz.de/10015177026
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Monetary policy, macroprudential policy, and financial stability
Martinez-Miera, David; Repullo, Rafael - 2019
This paper reexamines from a theoretical perspective the role of monetary and macroprudential policies in addressing the build-up of risks in the financial system. We construct a stylized general equilibrium model in which the key friction comes from a moral hazard problem in firms' financing...
Persistent link: https://www.econbiz.de/10012034488
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Has regulatory capital made banks safer? : skin in the game vs moral hazard
Dautovic, Ernest - 2020
gambling for resurrection, the risk-taking is driven by large and less profitable banks. The net impact on bank probabilities …
Persistent link: https://www.econbiz.de/10012251320
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The leverage ratio, risk-taking and bank stability
Smith, Jonathan Acosta; Grill, Michael; Lang, Jan Hannes - 2017
This paper addresses the trade-off between additional loss-absorbing capacity and potentially higher bank risk …
Persistent link: https://www.econbiz.de/10011662963